Which organisation has approved a proposal to allow foreign investors to trade in commodity derivatives market, except for sensitive commodities, as well as common application form for the registration of FPIs in the domestic market?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	NABARD
B	TRAI
C	IRDAI
D	SEBI

Explanation:

Detailed explanation-1: -Markets regulator Sebi has proposed allowing foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives market.

Detailed explanation-2: -The Securities and Exchange Board of India (Sebi) on Thursday came out with the framework for foreign investors to participate in exchange-traded commodity derivatives. The regulator said foreign portfolio investors (FPIs) will be allowed only in cash-settled non-agricultural commodity derivative contracts and indices.

Detailed explanation-3: -Securities and Exchange Board of India (SEBI) regulates the commodity derivatives market in India since September 28, 2015.

Detailed explanation-4: -FPIs belonging to categories such as individuals, family offices and corporates will be allowed a position limit of 20% of the client level position limit in a particular commodity derivative contract, Sebi said. The new rule for FPIs would come into effect immediately.

Detailed explanation-5: -1.1 In India, different derivatives instruments are permitted and regulated by various regulators, like Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and Forward Markets Commission (FMC).

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