Amalgamation of FMC and SEBI would bring Convergence of Regulations in the Commodities and Equity Derivatives Market. In light of this which of the following statement is incorrect?
Amalgamation of FMC and SEBI would bring Convergence of Regulations in the Commodities and Equity Derivatives Market. In light of this which of the following statement is incorrect?
The correct option is A SEBI was set up as an autonomous body in 1988 with fully independent powers
SEBI was set up in 1988 as a non-statutory body for regulating the securities markets, while it became an autonomous body in 1992 with fully independent powers. Forward Markets Commission, on the other hand, had been regulating commodities markets since 1953.
The Government opted for merger of the two regulators since both commodity derivatives and security derivatives have similar economic purposes of hedging, efficient price discovery and risk management and have close resemblance in so far as trade practices and mechanisms are concerned. FMC's merger with SEBI is aimed at streamlining the regulations and curb wild speculations in the commodities market, while facilitating further growth.
SEBI has created a separate Commodity Cell and has set up new departments for regulation of commodities derivatives market. An internal committee was earlier set up at SEBI to evaluate and suggest regulatory changes for merger and prepare a roadmap for the same
SEBI was set up as an autonomous body in 1988 with fully independent powers
SEBI was set up in 1988 as a non-statutory body for regulating the securities markets, while it became an autonomous body in 1992 with fully independent powers. Forward Markets Commission, on the other hand, had been regulating commodities markets since 1953.
The Government opted for merger of the two regulators since both commodity derivatives and security derivatives have similar economic purposes of hedging, efficient price discovery and risk management and have close resemblance in so far as trade practices and mechanisms are concerned. FMC's merger with SEBI is aimed at streamlining the regulations and curb wild speculations in the commodities market, while facilitating further growth.
SEBI has created a separate Commodity Cell and has set up new departments for regulation of commodities derivatives market. An internal committee was earlier set up at SEBI to evaluate and suggest regulatory changes for merger and prepare a roadmap for the same
