Rule · BAPPEBTI · 28 Oct 2024
The Head of the Commodity Futures Trading Regulatory Agency of Indonesia issued Regulation Number 10 of 2024 to amend Regulation Number 3 of 2019 regarding commodities eligible for futures contracts. This regulation expands the scope of tradable commodities by formally including digital assets, specifically crypto assets, as a new category. It also reaffirms the existing list of eligible commodities across agriculture, mining, industry, fisheries, and finance sectors.
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REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY OF THE REPUBLIC OF INDONESIA NUMBER 10 OF 2024
CONCERNING
AMENDMENT TO REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY NUMBER 3 OF 2019 CONCERNING COMMODITIES THAT MAY 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 REGULATORY AGENCY OF THE REPUBLIC OF INDONESIA,
Considering:
a. that in order to develop, optimize, and expand the types of commodities that can serve as hedging instruments and price references for business actors and the public, the Commodity Futures Trading Regulatory Agency needs to refine regulations regarding commodities that can become 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 amend the Regulation of the Commodity Futures Trading Regulatory Agency Number 3 of 2019 concerning Commodities that May Become Subjects of Futures Contracts, Shariah Derivative Contracts, and/or Other Derivative Contracts Traded on Futures Exchanges;
Recalling:
DECIDES:
To Establish:
REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY CONCERNING AMENDMENT TO REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY NUMBER 3 OF 2019 CONCERNING COMMODITIES THAT MAY 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 Regulatory Agency Number 3 of 2019 concerning Commodities that May 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 may become subjects of Futures Contracts traded on Futures Exchanges include:
a. commodities in the agriculture 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:
1. gold;
2. tin;
3. aluminum;
4. oil fuels;
5. natural gas;
6. electricity;
7. coal; and
8. silver.
c. commodities in the industry sector:
1. refined sugar;
2. plywood;
3. pulp and paper;
4. yarn;
5. cement; and
6. fertilizer.
d. commodities in the fisheries and maritime sector:
1. shrimp;
2. fish; and
3. seaweed.
e. commodities in the financial sector:
1. foreign currencies;
2. Government Securities (SUN) of the Republic of Indonesia.
f. commodities in the digital asset sector:
1. crypto assets.
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“CONCERNING AMENDMENT TO REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY NUMBER 3 OF 2019 CONCERNING COMMODITIES THAT MAY BECOME SUBJECTS OF FUTURES CONTRACTS, SHARIAH DERIVATIVE CONTRACTS, AND/OR OTHER DERIVATIVE CONTRACTS TR…”
“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 amended by Law Number 10 of 2011 conce…”
“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);”
“Recalling: 6. ...as has been amended by Regulation of the Commodity Futures Trading Supervisory Agency Number 10 of 2024”
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