Regulatory Alerts2019-04-29
Bank Indonesia Regulation Number 21/5/PBI/2019 On Market Operators In The Money Market and Foreign Exchange Market
Bank Indonesia issues Regulation Number 21/5/PBI/2019 to regulate and supervise market operators in the money and foreign exchange markets to ensure integrity, fairness, and efficiency. The regulation defines four categories of market operators—ETP Providers, Money Brokers, Systematic Internalisers, and Futures Exchange Providers—and mandates that they obtain specific business or operational licenses from the central bank. It establishes detailed licensing requirements, including capital thresholds, ownership restrictions, and governance standards, while prohibiting market participants from using unlicensed operators.
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