Regulatory Alerts2017-05-30
Regulation of the Head of the Commodity Futures Trading Regulatory Agency Number 6 of 2017 Concerning Technical Guidelines for the Implementation of Refined Crystal Sugar Trading Through the Commodity Auction Market
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued this regulation to establish technical guidelines for trading Refined Crystal Sugar (GKR) exclusively through the National Refined Crystal Sugar Auction Market. The document defines the roles and obligations of key institutional participants, including the Auction Market Organizer, Futures Exchange, Clearing and Guarantee Institution, Warehouse Managers, and Surveyors, ensuring a transparent and integrated electronic trading system. It mandates specific procedures for transaction guarantees, electronic barcoding for traceability, and dispute resolution to standardize the distribution and sale of refined sugar in Indonesia.
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