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Contract News
FMC brings spot exchanges partially under its supervision... The Forward Markets Commission (FMC) has brought spot exchanges partially under its supervision through a periodic reporting system. “While the Forward Contracts Regulation Act (FCRA) amendment bill has already proposed regulation of spot exchanges under FMC, it has not yet been approved by Parliament. However, in the meantime, spot exchanges seek exemption under Section 27 of the FCRA Act to
Banks may get to hedge in commodity futures
In what could be a game-changing move, banks may be allowed to hedge their risks in the commodity futures market.
M J Antony: Bureaucrats as arbitrators
Arbitration clauses buried in bulky commercial contracts often carry the hidden virus of litigation, as seen in the number of disputes reaching the Supreme Court in recent times. The new
Commexes empowered to bar futures manipulation by entities in collusion
The Forward Markets Commis-sion has directed all national commodity exchanges to rework their net open positions — meaning futures contracts bought or sold but not settled through delivery
House panel recommends entry of banks, FIs in commodity exchanges
Highlighting the need for large players’ entry into commodity futures, Parliamentary standing committee on consumers affairs, food and public distribution has recommended banks and domestic
Promoter-heavy companies allowed placement route
Promoters holding above 75% can also use exchange window to pare stake. |
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