The regulatory body is Forward Markets Commission ( FMC ) which was set up in 1953.
2.
Earlier MCX was regulated by the Forward Markets Commission ( FMC ), which got merged with the SEBI on September 28, 2015.
3.
Just at the time the Forward Markets Commission was established, the government felt that derivative markets increased speculation, which led to increased food costs and price instabilities.
4.
FTIL was held not'fit and proper'by the forward market commission and its role in its 99.999 % subsidiary NSEL ( National Spot Exchange Ltd ) was questioned.
5.
The respondents named in the PIL include Union Ministry of Consumer Affairs, Food & Public Distribution, Ministry of Finance, Forward Markets Commission ( FMC ), Central Board of Direct Taxes ( CBDT ), NSEL, and its promoter Jignesh Shah.
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