Regulatory Alerts2016-10-12
Regulation of the Head of the Commodity Futures Trading Regulatory Agency Number 4 of 2016 on General and Technical Requirements for Closed Warehouses in the Warehouse Receipt System
The Head of the Commodity Futures Trading Regulatory Agency issued Regulation No. 4 of 2016 to establish general and technical requirements for closed warehouses within the Warehouse Receipt System, replacing previous regulations. The regulation classifies closed warehouses into four commodity categories and three quality classes (A, B, and C), with specific technical standards detailed in the appendix for fisheries and salt commodities. These standards mandate strict criteria regarding location, construction materials, facility infrastructure, and equipment to ensure commodity safety and operational efficiency.
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