With the Securities and Exchange Board of India (Sebi) now in charge of the commodities derivatives market, Sebi chief U K Sinha indicated that the regulator will now look at allowing foreign portfolio investors (FPIs) and banks to enter the commodities derivatives market.
“Our immediate priority will be to ensure trust about how regulatory environment will evolve in the commodities derivatives market. We will look at allowing banks and FPIs to participate in the market but that will take time," Sinha said.
The regulation of commodities derivatives came under Sebi’s jurisdiction from Monday as the Forward Markets Commission was merged with Sebi.
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