2025-03-04

Regulation of the Commodity Futures Trading Supervisory Agency of the Republic of Indonesia Number 2 of 2025

The Head of the Commodity Futures Trading Supervisory Agency of the Republic of Indonesia issued Regulation Number 2 of 2025 to implement the second amendment to the 2019 regulation governing tradable commodities. This regulation updates the definition of commodities eligible to be subjects of futures contracts, Shariah derivative contracts, and other derivatives traded on futures exchanges. The amendment expands the scope of eligible commodities to support hedging instruments and price references for businesses and the public.

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REGULATION OF THE COMMODITY FUTURES TRADING SUPERVISORY AGENCY OF THE REPUBLIC OF INDONESIA NUMBER 2 OF 2025

CONCERNING THE SECOND AMENDMENT TO REGULATION OF THE COMMODITY FUTURES TRADING SUPERVISORY AGENCY NUMBER 3 OF 2019 CONCERNING COMMODITIES THAT CAN BECOME SUBJECTS OF FUTURES CONTRACTS, SHARIAH DERIVATIVE CONTRACTS, AND/OR OTHER DERIVATIVE CONTRACTS TRADED ON FUTURES EXCHANGES

BY THE GRACE OF GOD THE ALMIGHTY

HEAD OF THE COMMODITY FUTURES TRADING SUPERVISORY AGENCY OF THE REPUBLIC OF INDONESIA,

Considering: a. that in order to develop, optimize, and expand the types of commodities that can be used as hedging instruments and price references for business actors and the public, the Commodity Futures Trading Supervisory Agency needs to refine regulations regarding commodities that can be used as subjects of Futures Contracts, Shariah Derivative Contracts, and/or Other Derivative Contracts traded on Futures Exchanges; b. that based on the considerations as referred to in letter a, it is necessary to carry out the second amendment to the Regulation of the Commodity Futures Trading Supervisory Agency Number 3 of 2019 concerning Commodities that Can Become Subjects of Futures Contracts, Shariah Derivative Contracts, and/or Other Derivative Contracts Traded on Futures Exchanges;

Recalling:

  1. Law Number 32 of 1997 concerning Commodity Futures Trading (State Gazette of the Republic of Indonesia Year 1997 Number 93, Supplement to the State Gazette of the Republic of Indonesia Number 3720) as has been amended several times, lastly with Law Number 4 of 2023 concerning Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
  2. Government Regulation Number 49 of 2014 concerning the Implementation of Commodity Futures Trading (State Gazette of the Republic of Indonesia Year 2014 Number 143, Supplement to the State Gazette of the Republic of Indonesia Number 5548);
  3. Presidential Regulation Number 140 of 2024 concerning the Organization of State Ministries (State Gazette of the Republic of Indonesia Year 2024 Number 250);
  4. Presidential Regulation Number 168 of 2024 concerning the Ministry of Trade (State Gazette of the Republic of Indonesia Year 2024 Number 364);
  5. Minister of Trade Regulation Number 6 of 2025 concerning the Organization and Work Structure of the Ministry of Trade (State News of the Republic of Indonesia Year 2025 Number 53);
  6. Regulation of the Commodity Futures Trading Supervisory Agency Number 3 of 2019 concerning Commodities that Can Become Subjects of Futures Contracts, Shariah Derivative Contracts, and/or Other Derivative Contracts Traded on Futures Exchanges as has been amended by Regulation of the Commodity Futures Trading Supervisory Agency Number 10 of 2024 concerning Amendment to Regulation of the Commodity Futures Trading Supervisory Agency Number 3 of 2019 concerning Commodities that Can Become Subjects of Futures Contracts, Shariah Derivative Contracts, and/or Other Derivative Contracts Traded on Futures Exchanges;

DECIDING: To establish: REGULATION OF THE COMMODITY FUTURES TRADING SUPERVISORY AGENCY CONCERNING THE SECOND AMENDMENT TO REGULATION OF THE COMMODITY FUTURES TRADING SUPERVISORY AGENCY NUMBER 3 OF 2019 CONCERNING COMMODITIES THAT CAN BECOME SUBJECTS OF FUTURES CONTRACTS, SHARIAH DERIVATIVE CONTRACTS, AND/OR OTHER DERIVATIVE CONTRACTS TRADED ON FUTURES EXCHANGES.

Article I The provision of Article 1 letter b in the Regulation of the Commodity Futures Trading Supervisory Agency Number 3 of 2019 concerning Commodities that Can Become Subjects of Futures Contracts, Shariah Derivative Contracts, and/or Other Derivative Contracts Traded on Futures Exchanges as has been amended by Regulation of the Commodity Futures Trading Supervisory Agency Number 10 of 2024 concerning Amendment to Regulation of the Commodity Futures Trading Supervisory Agency Number 3 of 2019 concerning Commodities that Can Become Subjects of Futures Contracts, Shariah Derivative Contracts, and/or Other Derivative Contracts Traded on Futures Exchanges is amended to read as follows:

Article 1 Commodities that can become subjects of Futures Contracts traded on Futures Exchanges include: a. commodities in the agricultural and plantation sector:

  1. coffee;
  2. palm oil and its derivatives;
  3. rubber;
  4. cocoa;
  5. pepper;
  6. cashew nuts;
  7. cloves;
  8. peanuts;
  9. soybeans;
  10. corn;
  11. copra; and
  12. tea. b. commodities in the mining and energy sector:
  13. gold;
  14. tin;
  15. aluminum;
  16. fuel oil;
  17. natural gas;
  18. electricity;
  19. coal;
  20. silver; and
  21. nickel. c. commodities in the industrial sector:
  22. refined sugar;
  23. plywood;
  24. pulp and paper;
  25. yarn;
  26. cement; and
  27. fertilizer.