Marriage of Regulataors: Sebi absorbs FMC staff

As it readies for the first ever merger of two regulators, markets watchdog Sebi has decided to absorb the existing staff of commodities regulator FMC and will begin hiring more from outside in 6-8 months. 

Securities and Exchange Board of India (Sebi) has also created a separate Commodity Cell and has set up new departments for regulation of commodities derivatives market, while an additional office space has been identified in the vicinity of its headquarters in the city's upmarket financial district Bandra Kurla Complex.