Regulatory Alerts2024-07-31
Bappebti Regulation No. 7 of 2024 on the Second Amendment to Regulation No. 106/BAPPEBTI/PER/10/2013 Regarding Financial Reporting Obligations and Adjusted Net Capital for Futures Brokers
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 7 of 2024 to amend financial reporting and net capital requirements for futures brokers, specifically targeting those facilitating transactions on foreign futures exchanges. The regulation establishes adjusted net capital thresholds based on absolute values and percentage requirements of client funds, with stricter standards for brokers handling foreign exchange activities. It further mandates specific calculation methods for adjusted net capital, including market risk adjustments for various securities, and detailed procedures for preparing separate client account reports to ensure fund segregation and integrity.
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