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India: Each sector can’t have its own regulator for forward trading: FMC

Posted on 22 June 2011

The Forward Market Commission (FMC) has expressed its displeasure over the “non-cooperative and adamant” stand of the Central Electricity Regulatory Commission (CERC) on the issue of regulating power trading on exchanges.
The FMC, the regulatory authority for commodity markets, which functions under the Ministry of Consumer Affairs, Food and Public Distribution, also indicated that it is expected to resolve the issue of regulating gold exchange traded funds soon……………………………………….Full Article: Source


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