Regulatory Alerts2018-12-20
Bappebti Regulation Number 6 of 2018 Concerning Approval of Clearing and Guarantee Institutions for Commodity Auction Markets
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation Number 6 of 2018 to update the approval requirements for Clearing and Guarantee Institutions operating in Commodity Auction Markets. This regulation mandates that such institutions must be limited liability companies with a minimum paid-up capital of IDR 100 billion and must obtain approval through the Online Single Submission (OSS) system. It further establishes strict eligibility criteria regarding corporate governance, financial capacity, and integrity, while repealing the previous 2016 regulation to align with electronic integrated business licensing services.
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