FMC disallows sub-brokers The Forward Markets Commission ( FMC ) has directed commodity exchanges to disallow sub-brokers by whatever names they currently operate. FMC on Thursday issued new guidelines for regulating these authorised persons. "It is an important step towards client protection and will bring discipline in the market," said FMC Chairman B C Khatua Food inflation eases to 9.67% Food inflation eased to single digits, rising to an annual 9.67 per cent during the week ended July 17, compared with the previous week's year-on-year surge of 12.47 per cent.