Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the regulatory acts that govern the functioning of the commodities futures contracts?

April 26, 2017acts Commodities contracts functioning Futures govern regulatory

0

Posted

What are the regulatory acts that govern the functioning of the commodities futures contracts?

1 Answer

0

Posted

Commodities Futures Contracts are traded on the Commodity Exchanges recognised by the Forward Markets Commission (FMC). FMC is the apex regulatory body governing the functioning of the commodity Exchanges under the powers vested with it under the Forward Contracts Regulation Act, 1952 (FC(R)A) and Forward Contracts Regulation Rules, 1954 (FC(R)R). Moreover, the commodity Exchanges are also governed by the provisions of their Articles, Rules, Bye Laws and Regulations which are in consonance with the overall requirements of the FC(R)A and FC(R)R and this is ensured by FMC, while approving the Rules and Bye Laws of the Exchanges.