(4) In the first ever merger oftwo regulators, the ForwardMarkets Commission (FMC),which is an over 60-year-oldcommodities regulatory body,on 28 September 2015, mergedwith capital markets watchdogSecurities and ExchangeBoard of India (SEBI). FinanceMinister Arun Jaitley rang thecustomary stock market bellto formalise the amalgamation.