Regulatory Alerts2016-10-14
Head of the Commodity Futures Trading Regulatory Agency Regulation Number 6 of 2016 Concerning Approval of Clearing and Guarantee Institutions for Forward Auction Markets
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 6 of 2016 to establish the regulatory framework for approving Clearing and Guarantee Institutions for Forward Auction Markets. The regulation mandates that these institutions must be limited liability companies with a minimum paid-up capital of IDR 100 billion and adhere to strict operational, reporting, and compliance standards. It also outlines the application procedures, required documentation, and a two-year transitional period for existing institutions to meet the new capital requirements.
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