01.08.2016 - What has changed in commodity market norms after NSEL
Since the absence of stock in warehouses was at the heart of the NSEL settlement crisis, Forward Markets Commission also overhauled warehouse norms. A merger which was in the works since 2006 finally came to fruition almost a decade later, hastened by the Rs.5,574-crore settlement crisis in National Spot Exchange Ltd (NSEL). Folding in the Forward Markets Commission (FMC), the erstwhile commodity markets regulator, with the Securities and Exchange Board of India (Sebi) in September 2015 is perhaps the most important fallout of the NSEL crisis, say market participants...............................................Full Article: Source
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