Regulatory Alerts2024-03-28
Regulation of the Commodity Futures Trading Regulatory Agency Number 4 of 2024 on the Implementation of Professional Examinations for Candidates for Futures Broker Representatives, Futures Advisor Representatives, and Futures Fund Center Manager Representatives
The Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 4 of 2024 to establish professional examination requirements for candidates seeking roles as Futures Broker Representatives, Futures Advisor Representatives, and Futures Fund Center Manager Representatives. The regulation mandates specific educational, training, and experience prerequisites for applicants, introduces a fit-and-proper test conducted by a newly formed Professional Examination Commission, and sets a validity period of one year for the resulting pass certificates. It simultaneously repeals previous regulations and circulars to standardize the qualification process and ensure professional competency within the commodity futures trading sector.
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