Regulatory Alerts2018-12-20
Regulation of the Commodity Futures Trading Supervisory Agency of the Republic of Indonesia Number 8 of 2018 Concerning Approval as a Warehouse for the Warehouse Receipt System
The Commodity Futures Trading Supervisory Agency (Bappebti) issued Regulation No. 8 of 2018 to align warehouse approval procedures for the Warehouse Receipt System with Indonesia's electronic integrated business licensing framework. The regulation mandates that warehouse operators obtain approval through the Online Single Submission (OSS) system, requiring compliance with specific technical standards, commitment obligations, and service level arrangements. It further establishes protocols for document verification, physical inspections, and the transition of existing approvals to the new electronic system while repealing previous regulations.
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