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What is the regulatory framework under which the Nationwide Multi Commodity Exchanges (NMCE) would operate?

April 26, 2017commodity exchanges framework multi Nationwide NMCE operate regulatory

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What is the regulatory framework under which the Nationwide Multi Commodity Exchanges (NMCE) would operate?

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The NMCEs are governed and regulated by the Forward Markets Commission (FMC), under the FC(R)A and FC(R)R. The NMCEs are managed by the Board of the Exchange and are self-regulated by virtue of their Articles, Rules, Bye Laws and Regulations approved by the FMC. The Board of the Exchange also has a representative from the FMC. Further, the Exchanges also have various committees to decide issues pertaining to its own area of operations.