Which of the following is correct about regulation of commodity derivates in India?
i. Forward Market Commission is merged with SEBI for better regulation of commodity derivatives
ii. Now SEBI will regulate the commodity exchanges under the provision of Forward Contact Regulation Act (FCRA)
iii. Market players feel that commodity markets will now be better regulated, with more stringent processes under SEBI as it regulate both exchanges and brokers
The Forward Contracts Regulation Act (FCRA) stands repealed, and the regulation of the commodity derivatives market shifts to Sebi under the Securities Contracts Regulation Act (SCRA), 1956.