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Regulation of the Head of the Commodity Futures Trading Regulatory Agency Number 04/BAPPEBTI/PER-PL/01/2015 2
5. Presidential Decree Number 121/P of 2014 concerning the Formation of Ministries and Appointment of Ministers of the Working Cabinet for the 2014-2019 Period;
6. Presidential Regulation Number 7 of 2015 concerning the Organization of State Ministries;
7. Minister of Trade Regulation Number 31/M-DAG/PER/7/2010 concerning the Organization and Work Structure of the Ministry of Trade as amended several times, most recently by Minister of Trade Regulation Number 57/M-DAG/PER/8/2012;
8. Minister of Industry and Trade of the Republic of Indonesia Decree Number 650/MPP/KEP/10/2004 concerning Provisions for the Implementation of Forward Commodity Auction Markets;
9. Head of the Commodity Futures Trading Regulatory Agency Regulation Number 03/BAPPEBTI/PER-PL/01/2014 concerning Approval of Forward Commodity Auction Market Organizers;
RESOLVES:
Establish: REGULATION OF THE HEAD OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY CONCERNING AMENDMENT TO REGULATION OF THE HEAD OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY NUMBER 03/BAPPEBTI/PER-PL/01/2014 CONCERNING APPROVAL OF FORWARD COMMODITY AUCTION MARKET ORGANIZERS.
Article I
The provisions in Article 11 paragraph (1) of the Head of the Commodity Futures Trading Regulatory Agency Regulation Number 03/BAPPEBTI/PER-PL/01/2014 concerning Approval of Forward Commodity Auction Market Organizers are amended so that Article 11 reads as follows:
Article 11
(1) In the event that a Forward Commodity Auction Market Organizer in the form of a Provincial/Regency/City Office specializing in trade is still in the process of meeting the requirements referred to in Article 3 paragraph (1), the Head of Bappebti may grant a Temporary Approval Extension valid for 1 (one) year, which may be extended again if necessary. (2) The Temporary Approval referred to in paragraph (1) may be granted to a Forward Commodity Auction Market Organizer after an evaluation is conducted based on the fulfillment of requirements as a Forward Commodity Auction Market Organizer annually by the Head of Bappebti.