Forwards Market Commission

The Forwards Markets Commission (FMC) was the statutory regulatory body in India responsible for supervising and regulating the commodity futures markets until 2015, when it was merged with SEBI. Established under the Forward Contracts (Regulation) Act, 1952, the FMC oversaw exchanges like MCX and NCDEX. Post-merger, SEBI assumed comprehensive oversight of commodity derivatives markets in India, integrating commodity trading within the broader regulatory framework governing securities markets and improving investor protection standards.