The market regulator Securities and Exchange Board of India (SEBI) today announced September 28 as the date for merger of Forward Markets Commission (FMC) with itself. In its board meeting held in Mumbai today, the SEBI also announced new norms for commodities derivatives market under which exchanges and brokers in this segment will need to comply with rules applicable to their stock market peers. The market regulator said that these norms will enable functioning of the commodities derivatives market and its brokers under Sebi norms and integration of commodities derivatives and securities trading in an orderly manner. It said the proposed norms also emphasize on strengthening of risk management of the exchanges. Further, investor protection norms similar to the equity markets would be provided by strengthening the arbitration mechanism and investor grievance redressal mechanism. Sebi said the new regulations provide for compliance of Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2012, which are currently required to be complied with by stock exchanges.