Move to combat manipulations in commodity derivatives segment

As commodities market regulator got merged with Sebi, the outgoing FMC chief Ramesh Abhishek said on Monday that a number of reform measures have been implemented in the last few years that would make the job easier for Sebi. 

The merger of over 60-year-old Forward Markets Commission (FMC) with the Securities and Exchange Board of India (Sebi) was formalised today with Finance Minister Arun Jaitley ringing the customary stock market bell. "We have been trying to bring in reforms in last few years and the gaps between the securities market and commodity market have been bridged," 

Abhishek said here at the event to mark the merger. 

He further said FMC has strengthened the norms related to warehousing and corporate governance while it also took various steps towards investor protection. "It would be relatively easier to oversee the (commodity) market as compared to four years ago," he said.