Regulatory Alerts2024-03-28
Regulation of the Commodity Futures Trading Supervisory Agency Number 5 of 2024 Concerning the Organization of Shariah-Principle Physical Commodity Markets on Futures Exchanges
The Commodity Futures Trading Supervisory Agency (Bappebti) issued Regulation No. 5 of 2024 to establish the regulatory framework for organizing Shariah-compliant physical commodity markets on futures exchanges in Indonesia. This regulation mandates that only approved futures exchanges, clearing institutions, and participants meeting strict Shariah governance and operational standards may conduct these transactions. It further defines the specific roles, rights, and obligations of the exchange, clearing house, and Shariah Supervisory Board to ensure market integrity and compliance with Islamic principles.
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