Govt plans to amend Forward Contract Regulation Act

India Infoline News Service | Mumbai |

The objective of the amendments is to give more power to the Forward Market Commission

The Ministry of Finance is planning to introduce amendments to the Forward Contract Regulation Act, 1952, in the next session of Parliament, which is scheduled to be held in the second week of July, according to a media report.
The objective of the amendments is to give more power to the Forward Market Commission and also to launch new products such as options in the market.
The amendments also aim to allow banks and foreign institutional investors (FIIs) to take part in the commodity markets.
However, this would require an amendment in the Banking Regulation Act and the SEBI Act.
 

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