Regulatory Alerts2021-11-01
Bappebti Regulation No. 7 of 2021 on Amendments to Regulation No. 05/BAPPEBTI/PER-SRG/7/2007 on Requirements and Procedures for Obtaining Approval as a Registration Center
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 7 of 2021 to amend previous regulations governing the approval process for Warehouse Receipt System Registration Centers. The regulation mandates that Registration Centers must be state-owned limited liability companies located in Jakarta, possess a minimum paid-up capital of IDR 250 billion, and maintain integrated online accounting systems verified by independent third parties. Additionally, it introduces strict prohibitions against individuals with recent bankruptcies, serious economic criminal convictions, or insufficient moral and technical competence from controlling these centers.
Share