Regulatory AlertsOJK Regulation No. 2 of 2026 on Exchange-Traded Fund ETFs with Underlying Assets of Gold
The Financial Services Authority (OJK) issued Regulation No. 2 of 2026 to establish a legal framework for new exchange-traded fund (ETF) products with gold-based portfolios, aiming to deepen the capital market and strengthen the national economy. The regulation details mandatory requirements for ETF managers and custodians, including prospectus guidelines, issuance procedures, and specific provisions for Sharia-compliant funds. It also defines the roles of participating dealers and sponsors, initial listing procedures, and the integration of Electronic Gold Receipts within the capital market sector.
Financial Services Authority Regulation
Number 2 of 2026 concerning Exchange-Traded Fund (ETF) in the Form of Collective Investment Contract with Underlying Assets of Gold
Abstract: In order to strengthen the national economy and support efforts to accelerate market deepening, it is necessary to add variations of new investment products in the form of mutual funds that can be traded on the stock exchange with a portfolio consisting of gold. The regulation of this new variation of investment products in the form of mutual funds that can be traded on the stock exchange with a gold portfolio is required as a legal basis for the development of business activities related to gold. Based on the considerations mentioned above, it is necessary to establish a Financial Services Authority Regulation concerning Exchange-Traded Fund (ETF) in the Form of Collective Investment Contract with Underlying Assets of Gold.
The legal basis for this Financial Services Authority Regulation is:
- Law No. 8 of 1995 concerning the Capital Market as amended by Law No. 4 of 2023;
- Law No. 21 of 2011 concerning the Financial Services Authority as amended by Law No. 4 of 2023; and
- Law No. 4 of 2023.
This Financial Services Authority Regulation regulates provisions regarding:
- Obligations of Gold ETFs to comply with OJK regulations on Collective Investment Contracts (KIK) and other relevant capital market regulations regarding Mutual Funds, unless specifically regulated in this OJK Regulation on Gold ETFs;
- Information that must be included in the Gold ETF KIK;
- Requirements for Gold ETFs managed based on Sharia principles in the Capital Market;
- Guidelines for the issuance of Gold ETF Units (UP);
- Obligations and prohibitions for Investment Managers and Custodian Banks;
- General Meeting of UP Holders;
- Guidelines for the management of Gold ETFs;
- Guidelines for the Gold ETF Prospectus;
- Participating Dealers and Sponsors;
- Initial listing of Gold ETF Units;
- Offerings by Mutual Fund Selling Agents; and
- Electronic Gold Receipts.
Note: This Financial Services Authority Regulation comes into force on the date of its promulgation. This Financial Services Authority Regulation was promulgated on February 23, 2026, and was established on February 12, 2026.