Regulatory Alerts2017-04-12
Head of Commodity Futures Trading Supervisory Agency Regulation Number 2 of 2017 on Licensing Types in the Warehouse Receipt System, Standard Operating Procedures, and Service Level Arrangements
The Head of the Commodity Futures Trading Supervisory Agency (Bappebti) issued Regulation No. 2 of 2017 to standardize licensing procedures and service levels for the Warehouse Receipt System (SRG). This regulation defines four specific license types—Warehouse Operator, Warehouse, Conformity Assessment Body, and Registration Center—and mandates a maximum processing time of 20 working days for each. It establishes a fully electronic application process via the INATRADE system, replacing previous regulations to ensure legal certainty and administrative efficiency.
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