Regulatory Alerts2023-09-13
Added · Updated
Regulation of the Commodity Futures Trading Regulatory Agency Number 6 of 2023 Concerning Amendments to the Head of the Commodity Futures Trading Regulatory Agency Regulation Number 5 of 2017 Concerning Alternative Trading Systems
The Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 6 of 2023 to amend the Alternative Trading System regulations, imposing stricter capital, equity, and operational requirements on Alternative Trading System Organizers. The regulation mandates rigorous fit-and-proper tests, ISO 27001 certification with specific cloud security standards, and enhanced risk management protocols, including a 200% margin requirement for derivatives. It also establishes detailed trading rules, execution latency limits, and mandatory reporting obligations to ensure market transparency and investor protection.
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