Regulatory Alerts2018-12-20
Bappebti Regulation Number 7 of 2018 Concerning Approval of Commodity Auction Market Organizers
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation Number 7 of 2018 to update approval procedures for Commodity Auction Market Organizers in alignment with integrated electronic licensing systems. The regulation mandates that organizers must be legal entities meeting specific capital requirements, possess adequate facilities and competent personnel, and obtain approval through the Online Single Submission (OSS) system. It further establishes strict eligibility criteria regarding integrity, financial history, and moral character for both the organizing entities and their management personnel.
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