With the FMC merger imminent, Sebi needs to be pro-active to deal with possible investor complaints involving commodity bourses that have semi-urban and rural clientele, says a study.
The suggestion is part of a study on 'Effectiveness of Sebi's Complaints Redress System (SCORES) in India' conducted by Sebi's Development Research Group (DRG).
The study also observed that ‘good news’ about the capital market regulator's performance in securities dispute resolution is not getting across the market. According to the study, once FMC comes under the regulatory portfolio of Sebi, it is quite possible that the magnitude of complaints could escalate.