Forward Markets Commission

The Forward Markets Commission (FMC) is the regulatory body for the commodity market and futures market in India. It is a division of the Securities and Exchange Board of India, Ministry of Finance, Government of India. As of July 2014, it regulated Rs 17 trillion worth of commodity trades in India. It is headquartered in Mumbai and this financial regulatory agency is overseen by the Ministry of Finance. The Commission allows commodity trading in 22 exchanges in India, of which 6 are national.

Forward Markets Commission
Agency overview
Formed1953 (1953)
JurisdictionIndia
HeadquartersMumbai, Maharashtra
Agency executive
  • Ramesh Abhishek, Chairman
Parent agencySecurities and Exchange Board of India, Ministry of Finance, Government of India
Websitehttp://www.fmc.gov.in

On 28 September 2015 the FMC was merged with the Securities and Exchange Board of India (SEBI) to make the regulation of commodity futures market strong.

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