Regulatory Alerts2010-08-01
Regulation of the Head of the Commodity Futures Trading Regulatory Agency Number 02/BAPPEBTI/PER-PL/08/2010 Concerning Approval of Clearing and Guarantee Institutions for Forward Auction Markets
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued this regulation to establish the approval framework for Clearing and Guarantee Institutions operating in Forward Auction Markets for agricultural commodities. The rule mandates that such institutions must be limited liability companies with a minimum paid-up capital of IDR 10 billion and must adhere to strict operational, documentation, and reporting standards. It further outlines the application procedures, ongoing compliance obligations including fund segregation and confidentiality, and the administrative sanctions for non-compliance.
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