Regulatory Alerts2023-12-01
Regulation of the Commodity Futures Trading Supervisory Agency Number 9 of 2023 Concerning Financial Reporting Obligations for Digital Physical Gold Traders and Accounting Recording Guidelines for Digital Physical Gold Market Trading
The Commodity Futures Trading Supervisory Agency (Bappebti) of Indonesia issued Regulation No. 9 of 2023 to mandate financial reporting and accounting standards for Digital Physical Gold Traders. The regulation requires traders to submit daily, monthly, and annual financial reports electronically to the Bappebti Head, with specific deadlines and audit requirements for annual statements. It establishes standardized accounting guidelines and reporting forms to ensure transparency, protect customers, and maintain the integrity of the digital physical gold market.
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