Regulatory Alerts2021-08-01
Regulation of the Head of the Commodity Futures Trading Regulatory Agency of the Republic of Indonesia Number 1 of 2021 Concerning Technical Requirements for Warehouses in the Warehouse Receipt System
The Head of the Commodity Futures Trading Regulatory Agency of the Republic of Indonesia issued Regulation Number 1 of 2021 to establish technical requirements for warehouses operating within the Warehouse Receipt System. The regulation mandates that all warehouses used by warehouse operators must obtain approval from the Regulatory Agency based on specific criteria including location, type, size, construction, and equipment. This new regulation explicitly revokes and invalidates the previous Regulation Number 04 of 2016 regarding general and technical requirements for closed warehouses.
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