The Sebi board on Monday approved a host of proposals for commodity derivatives exchanges and their members, tweaked rules for anchor investors in public issues and employee stock options (ESOPs).The regulator said it would review policy relating to forfeiture of partly-paid shares and clearing corporations. The merger of FMC with Sebi will be completed on September 28, 2015. Following this, commodity exchanges and their broker members will be regulated by Sebi, paving the way for repealing of the Forward Contracts Regulation Act,1952, which currently governs the commodity exchanges.

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