After its merger with the Securities and Exchange Board of India (SEBI), seven director-level officers of the Forward Markets Commission (FMC) will be absorbed by the capital market regulator, while 41 other employees will become part of the central government employee’s pool.
- Out of the seven, there are two directors, deputy directors and assistant directors each while one is a joint director.
- 41 FMC employees would hold their respective offices as employees of the central government by the same tenure upon the same terms and conditions of service as they would have held under the Commission
- At present, there are 12 recognised commodity exchanges of which six are non-operational. The operational exchanges include three national and three regional bourses.
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