Regulatory Alerts2024-09-18
Regulation of Member of Board of Governors Number 9 of 2024 on the Organization of Central Counterparty
Bank Indonesia issued this regulation to establish the organizational framework, supervision, and operational standards for Central Counterparties (CCPs) as systemic financial market infrastructure. The document mandates that CCPs adhere to principles of safety, efficiency, and international standards while managing clearing, novation, and risk through margin requirements and default funds. It further outlines specific duties regarding rule books, member segregation, settlement processes, and administrative sanctions for non-compliance.
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