The Securities and Exchange Board of India is looking to grant unified licence to brokers and clearing members for operating in commodity derivatives as well as equity markets.
SEBI board is likely to discuss a proposal to this effect next week, sources said.
To enable the integration, SEBI may amend norms pertaining to stock brokers and securities contract regulations.
Under the proposal, a stock broker or clearing member dealing in the securities market should be allowed to buy, sell or deal in the commodity derivatives without setting up a separate entity and vice-versa, sources said.
