Mumbai, Sept. 17 -- Speaking at an event hosted by MCX, Pandey reportedly said strengthening the commodity market is a key priority. He added that SEBI is in talks with the government to permit banks, insurers and pension funds to trade in commodities, a move that could expand institutional participation and improve liquidity.

The regulator is also examining a proposal to allow foreign portfolio investors (FPIs) to trade in non-cash settled, non-agricultural contracts. Currently, FPIs are restricted to cash-settled products such as crude oil and natural gas. Broader access to bullion and base metals, analysts say, could boost activity on domestic exchanges like MCX.

Pandey further said commodity brokers will be brought under Samuhik Pra...