Forward Markets Commission (FMC)

The Forward Markets Commission (FMC) was the regulatory authority responsible for overseeing and regulating commodity futures markets in India. It ensured transparency, fair trading, and protected investor interests within these markets, which involve contracts to buy or sell commodities at predetermined prices for future delivery. The FMC aimed to prevent market manipulation, enforce rules, and promote efficient trading practices. In 2016, the FMC was merged with the Securities and Exchange Board of India (SEBI), which now oversees commodity derivatives along with securities markets, consolidating market regulation under a single agency for better oversight and coordination.