Regulatory Alerts2009-05-01
Regulation of the Head of the Commodity Futures Trading Regulatory Agency Number 11/BAPPEBTI/PER-SRG/5/2009 on Financial Requirements for Warehouse Operators
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 11/BAPPEBTI/PER-SRG/5/2009 to establish strict financial integrity requirements for warehouse operators managing commodity receipts. The regulation mandates minimum net worth thresholds of IDR 500 million for limited liability companies and IDR 200 million for cooperatives, or 15% of the value of managed commodities, while providing exemptions for entities with specific fidelity and professional indemnity insurance coverage. Compliance with these new financial standards and the repeal of previous provisions were required by July 1, 2009, with monthly net worth reports submitted to the Central Registration Center.
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