Public Comments sought on Draft of Forward Contracts (Regulation) (Intermediaries) Rules, 2014

The Ministry of Finance is in the process of strengthening the regulatory framework of the commodity derivative markets for some time. As part of this process, greater empowerment of Forward Markets Commission (FMC), the market regulator is also being done.

Accordingly, a need was felt to strengthen the regulatory framework by empowering the FMC to effectively regulate the intermediaries of the commodity derivative markets. To enable this, it has been decided to notify appropriate Rules by the Central Government.

As a transparency enhancing mechanism and therefore, to obtain public comments, a draft of the said Rules is hosted on the website of the Ministry of Finance at http://finmin.nic.in

Feedback/ comments on the draft Rules may be sent to Shri Lekhan Thakkar, Director, Commodity Derivatives Division, Department of Economic Affairs, Ministry of Finance at lekhan.d@nic.in within 21 days.