Regulatory Alerts2024-03-28
Regulation of the Commodity Futures Trading Regulatory Agency Number 3 of 2024 Concerning Guidelines for the Establishment of Professional Certification Institutions and Implementation of Competency Certification in the Commodity Futures Trading Sector
The Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 3 of 2024 to establish guidelines for the formation of Professional Certification Institutions (LSP) and the implementation of competency certification in the commodity futures trading sector. The regulation mandates that LSPs must obtain Bappebti recommendations and licenses from the National Professional Certification Agency (BNSP) before operating, adhering to strict organizational and independence criteria. It further outlines continuous reporting obligations, administrative sanctions for non-compliance, and transitional provisions for existing institutions to align with the new regulatory framework.
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