There will be a common Know- Your-Client (KYC) process for both commodity and stock markets henceforth as the Forward Markets Commission (FMC) has modified norms to make it easier for clients to register for trading in these two financial markets. "The Commission has decided that KYC document of the Commodity Derivatives Market will be identical to that prescribed by the Securities and Exchange Board of India (SEBl) for the securities market," commodity markets regulator FMC said in a circular to all national commodity bourses.

Source - http://economictimes.indiatimes.com