Mumbai: Commodities markets watchdog Forward Markets Commission (FMC) met Multi Commodity Exchange (MCX) officials here and reviewed progress made by the exchange in complying with the order to trim parent FTIL’s stake to 2% from the present 26%.  Outgoing MCX MD and CEO Manoj Vaish met FMC officials and discussed the divestment progress, an MCX official said.  FMC wanted to take a view and decision on MCX’s compliance status on implementing the ‘fit and proper’ order against Financial Technologies (India) Ltd (FTIL) as well as actions taken on the PwC audit report on the exchange.

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