Definition of Forwards Market Commission (FMC)

Forward Market Commission is the Regulatory Authority in India for commodity futures trading.

FMC is headquartered in Mumbai. Just like SEBI regulates Stock market, FMC regulates commodities futures market. They provide advices to Central Government in matters relating to the recognition or withdrawal of recognition from any association. Now, FMC and SEBI fall under the same regulatory body.

Points to remember:

• They also provide advices to central government in matters relating to problem emanating out of the administration of Forward Contracts (Regulation) Act 1952.
• They have the right to exercise the powers assigned to them under the act to take actions whenever necessary.
  They also provide suggestions to improve the functioning of forward markets.