Regulation of the Commodity Futures Trading Regulatory Agency Number 7 of 2025 Concerning Procedures for the Preparation and Submission of Periodic Reports by Futures Advisors

REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY NUMBER 7 OF 2025 CONCERNING PROCEDURES FOR THE PREPARATION AND SUBMISSION OF PERIODIC REPORTS BY FUTURES ADVISORS

BY THE GRACE OF GOD THE ALMIGHTY,

HEAD OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY,

Considering:
a. that in order to implement the provisions of Article 122 paragraph (4) and Article 134 paragraph (4) of Government Regulation Number 49 of 2014 concerning the Organization of Commodity Futures Trading and in order to enhance the effectiveness of supervision over Futures Advisors, it is necessary to regulate the procedures for the preparation and submission of periodic reports by Futures Advisors; b. that based on the considerations referred to in letter a, it is necessary to establish a Regulation of the Commodity Futures Trading Regulatory Agency concerning the Procedures for the Preparation and Submission of Periodic Reports by Futures Advisors;

Recalling:

1. 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 Number 3720) as amended by Law Number 10 of 2011 (State Gazette of the Republic of Indonesia Year 2011 Number 79, Supplement to the State Gazette of the Republic of Indonesia Number 5232);
2. Government Regulation Number 49 of 2014 concerning the Organization 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);
3. Presidential Regulation Number 140 of 2024 concerning the Organization of State Ministries (State Gazette of the Republic of Indonesia Year 2024 Number 250);
4. Presidential Regulation Number 168 of 2024 concerning the Ministry of Trade (State Gazette of the Republic of Indonesia Year 2024 Number 364);
5. Minister of Trade Regulation Number 22 of 2024 concerning General Policies in the Field of Commodity Futures Trading (State Gazette of the Republic of Indonesia Year 2024 Number 617);
6. Minister of Trade Regulation Number 6 of 2025 concerning the Organization and Work Structure of the Ministry of Trade (State Gazette of the Republic of Indonesia Year 2025 Number 53);
7. Commodity Futures Trading Regulatory Agency Regulation Number 6 of 2020 concerning Futures Advisors and Deputy Futures Advisors;
8. Commodity Futures Trading Regulatory Agency Regulation Number 1 of 2023 concerning Amendments to Commodity Futures Trading Regulatory Agency Regulation Number 6 of 2020 Concerning Futures Advisors and Deputy Futures Advisors;

DECIDES:

To Establish: A REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY CONCERNING PROCEDURES FOR THE PREPARATION AND SUBMISSION OF PERIODIC REPORTS BY FUTURES ADVISORS.

Article 1
In this Regulation of the Agency, the following terms are defined:

1. Commodity Futures Trading Advisor, hereinafter referred to as Futures Advisor, is an individual or business entity that provides Advice to other parties regarding the buying and selling of Commodities based on Futures Contracts, Sharia Derivative Contracts, and/or other Derivative Contracts, in exchange for remuneration.
2. Deputy Futures Advisor is an individual who, based on agreement with the Futures Advisor, carries out some of the functions of the Futures Advisor.
3. Recommendation is input provided by the Futures Advisor to the Client that is not mandatory, through measurable analysis and calculations, with the risk of decision-making lying with the Client. It may consist of decision inputs that the Client needs to take to benefit from buying and selling Commodities based on Futures Contracts, Sharia Derivative Contracts, other Derivative Contracts, and/or based on Commodities in the Physical Commodity Market at the Futures Exchange, considering the Client's risk profile, risk appetite, and risk objective in conducting Commodity Futures Trading transactions.
4. Information is details that may include analysis regarding trading prices and volumes, price and liquidity risks, factors affecting price movements, activities, mechanisms, and institutions of Commodity Futures Trading and/or the organization of the Physical Commodity Market at the Futures Exchange.
5. Advice is the provision of Information or Recommendations related to the buying and selling of Commodities based on Futures Contracts, Sharia Derivative Contracts, other Derivative Contracts, and/or based on Commodities in the Physical Commodity Market at the Futures Exchange, which is provided based on measurable analysis and calculations.
6. Client is the party using the services of the Futures Advisor to obtain Advice.

Article 2
(1) Futures Advisors are required to create, maintain, and store all records of their activities and financial conditions correctly and make them available at all times for inspection. (2) Futures Advisors are required to report the records referred to in paragraph (1) periodically to Bappebti. (3) The records required to be reported periodically as referred to in paragraph (2) consist of:
a. monthly activity reports; b. monthly financial reports; and
c. annual financial reports.
(4) Monthly activity reports as referred to in paragraph (3) letter a must be submitted to Bappebti no later than 7 (seven) working days after the end of the reporting period. (5) Monthly financial reports as referred to in paragraph (3) letter b must be submitted to Bappebti no later than 7 (seven) days after the end of the reporting period. (6) Annual financial reports as referred to in paragraph (3) letter c must be submitted to Bappebti no later than 90 (ninety) days after the end of the reporting year. (7) In the event that the final date for the submission of monthly financial reports as referred to in paragraph (5) and/or annual financial reports as referred to in paragraph (6) falls on a holiday, the financial reports must be submitted on the next working day. (8) Reports as referred to in paragraph (3) must be submitted to Bappebti in softcopy format through the electronic reporting system provided by Bappebti. (9) If necessary, reports as referred to in paragraph (3) may be submitted to Bappebti in written form (hard copy) or in softcopy format via email.

Article 3
(1) Monthly activity reports as referred to in Article 2 paragraph (3) letter a must contain at least data and information regarding:
a. a list of Deputy Futures Advisors during the reporting period; b. the number of active Clients according to type or category of Client;
c. activities conducted by the Futures Advisor during the reporting period, such as activities to acquire new Clients, seminars, classes, online service development, and others; and
d. the implementation of the code of conduct.
(2) The implementation of the code of conduct as referred to in paragraph (1) letter d must contain at least details or information regarding:
a. preliminary administration before signing the service agreement, namely:
1) forms and questionnaires filled out regarding the background, financial condition, knowledge, and risk profile of prospective Clients;
2) implementation of explanations regarding the contents of the company information document;
3) implementation of explanations regarding the contents of the risk notification document; and
4) Client's statement of understanding and acceptance of the contents of the company information document and the risk notification document, which has been signed and attached to the service agreement.
b. implementation of explanations regarding the service agreement; and
c. Client's statement of understanding and acceptance of the service agreement, which has been signed by the Client during the reporting period;
(3) Monthly activity reports as referred to in paragraph (1) must be prepared using the format as stated in the Appendix of this Regulation of the Agency.

Article 4
(1) Monthly financial reports as referred to in Article 2 paragraph (3) letter b consist of:
a. balance sheet (statement of financial position); b. statement of comprehensive income;
c. statement of changes in equity;
d. statement of cash flows; e. annexes; and f. notes to the financial statements (CALK).
(2) Monthly financial reports as referred to in paragraph (1) must be prepared using the format as stated in the Appendix of this Regulation of the Agency.

Article 5
(1) Annual financial reports as referred to in Article 2 paragraph (3) letter c must consist of at least:
a. independent auditor's report; b. balance sheet (statement of financial position);
c. statement of comprehensive income;
d. statement of changes in equity; e. statement of cash flows; and f. notes to the financial statements (CALK).
(2) Annual financial reports as referred to in paragraph (1) must be audited by a public accountant who has obtained a license from the Ministry of Finance and is an active member of the Indonesian Institute of Certified Public Accountants. (3) The audit results of the annual financial reports as referred to in paragraph (2) must be issued by the Public Accounting Firm where the public accountant works.

Article 6
(1) Bappebti has the authority to conduct examinations regarding violations of the provisions of this Regulation of the Agency.
(2) Bappebti has the authority to impose administrative sanctions on any party that violates this Regulation of the Agency in accordance with applicable laws and regulations. (3) Administrative sanctions as referred to in paragraph (2) may include:
a. written warning; b. administrative fine, namely the obligation to pay a certain amount of money;
c. restriction of business activities;
d. suspension of business; e. revocation of approval; and/or f. revocation of licensing.
(4) Administrative sanctions as referred to in paragraph (3) letters b through f may be imposed with or without prior imposition of an administrative sanction in the form of a written warning as referred to in paragraph (3) letter a. (5) Administrative fines as referred to in paragraph (3) letter b may be imposed separately or together with sanctions as referred to in paragraph (3) letters a, c, d, e, or f.

Article 7
(1) Futures Advisors who have obtained licensing from Bappebti prior to the establishment of this Regulation of the Agency are required to adjust to the provisions in this Regulation of the Agency no later than 3 (three) months since this Regulation of the Agency was established. (2) Futures Advisors as referred to in paragraph (1) are required to submit monthly activity reports as referred to in Article 2 paragraph (3) letter a and monthly financial reports as referred to in Article 2 paragraph (3) letter b starting from the reporting period of January 2026. (3) Futures Advisors as referred to in paragraph (1) are required to submit annual financial reports as referred to in Article 2 paragraph (3) letter c starting from the reporting period of the year 2025.

Article 8
This Regulation of the Agency shall come into force on the date of establishment.

Established in Jakarta on 29 December 2025

HEAD OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY,

Signed,

TIRTA KARMA SENJAYA

Copy matches the original
COMMODITY FUTURES TRADING REGULATORY AGENCY,
Head of the Legal Affairs Bureau
Commodity Futures Trading, Warehouse Receipt System, and Commodity Auction Market, Simanjuntak

APPENDIX TO THE REGULATION OF THE COMMODITY FUTURES TRADING REGULATORY AGENCY
NUMBER 7 OF 2025 CONCERNING PROCEDURES FOR THE PREPARATION AND SUBMISSION OF PERIODIC REPORTS BY FUTURES ADVISORS

1. Monthly Activity Reports of Futures Advisors include:
   a. list of Deputy Futures Advisors (WPA) during the reporting period; b. number of active Clients according to type or category of Client during the reporting period;
   c. Seminar/Socialization/Focus Group Discussion (FGD) activities, namely meetings conducted either physically or online, initiated by the Futures Advisor and facilitated by a Deputy Futures Advisor (WPA), attended by a significant number of participants or Clients for the purpose of providing Advice. The report data submitted includes:
   1) title of Seminar/Socialization/Focus Group Discussion (FGD);
   2) number of Clients/participants present;
   3) products presented;*
   4) name of Deputy Futures Advisor (WPA);
   5) location, which can be described physically or online;
   6) date of Activity;
   7) discussion topics;
   8) problems faced and mitigation measures taken (if any).
   Note:

• Products presented include details on the type of Futures Contract, Sharia Derivative Contract, other Derivative Contracts, and/or Commodities in the Physical Commodity Market at the Futures Exchange that will be advised on, including the package name and explanation of the package.
• All materials for Seminars/Socializations/Focus Group Discussions (FGD) must receive approval from Bappebti.

d. Training and/or Trading Simulation activities, namely activities conducted either physically or online, initiated by the Futures Advisor and facilitated by a Deputy Futures Advisor (WPA), attended by Clients individually or in groups for the purpose of providing Advice. The report data submitted includes:
1) title of Training and/or Trading Simulation;
2) number of Clients present;
3) products presented;*
4) name of Deputy Futures Advisor (WPA);
5) location, which can be described physically or online;
6) date of Training and/or Trading Simulation, which may be submitted as a date range if conducted for more than 1 (one) day;
7) topics of Training and/or Trading Simulation;
8) problems faced and mitigation measures taken (if any).
Note:

• Products presented include details on the type of Futures Contract, Sharia Derivative Contract, other Derivative Contracts, and/or Commodities in the Physical Commodity Market at the Futures Exchange that will be advised on, including the package name and explanation of the package.
• All materials for Training and/or Trading Simulations must receive approval from Bappebti.

e. Signal provision activities, namely the provision of Advice by a Deputy Futures Advisor (WPA) face-to-face or via electronic communication media with Clients in 1 (one) group or cluster. The report data submitted includes:
1) number of Clients;
2) number of Advice provided;*
3) products;*
4) name of Deputy Futures Advisor (WPA);
5) media of Advice provision, which can be described as face-to-face or electronic communication media;
6) problems faced and mitigation measures taken (if any).
Note:

• Number of Advice provided during 1 (one) month.
• Products include details on the type of Futures Contract, Sharia Derivative Contract, other Derivative Contracts, and/or Commodities in the Physical Commodity Market at the Futures Exchange that will be advised on, including the package name and explanation of the package.
• All Training materials must receive approval from Bappebti.

f. Consultation provision activities, namely the provision of Advice by a Deputy Futures Advisor (WPA) face-to-face or via electronic communication media to Clients. The report data submitted includes:
1) Client name;
2) number of Advice provided;*
3) products;*
4) name of Deputy Futures Advisor (WPA);
5) media of Advice provision, which can be described as face-to-face or electronic communication media;
6) problems faced and mitigation measures taken (if any).
Note:

• Number of Advice provided during 1 (one) month.
• Products include details on the type of Futures Contract, Sharia Derivative Contract, other Derivative Contracts, and/or Commodities in the Physical Commodity Market at the Futures Exchange that will be advised on, including the package name and explanation of the package.
• All Training materials must receive approval from Bappebti.

g. Implementation of technology-based Advice delivery in the form of Expert Advisors, including the following data:
1) service name;
2) explanation regarding the service;
3) number of Clients;
4) products;*
5) name of Deputy Futures Advisor (WPA);
6) percentage of transactions resulting in profit compared to total transactions conducted (winning rate) and information on the calculation of the winning rate;
7) problems faced and mitigation measures taken (if any).
Note:

• Products include details on the type of Futures Contract, Sharia Derivative Contract, other Derivative Contracts, and/or Commodities in the Physical Commodity Market at the Futures Exchange that will be advised on, including the package name and explanation of the package.

h. Implementation of the code of conduct, namely providing details or information regarding:
1) filling out forms and questionnaires regarding background, financial condition, knowledge, and risk profile by prospective Clients, conducted directly or through a system;
2) explanation by the Futures Advisor regarding the contents of the Company Information Document, Risk Notification Document, and Service Agreement, which can be conducted directly or through a system;
3) Client's statement of understanding and acceptance of the contents of the Company Information Document, Risk Notification Document, and Service Agreement, which has been signed by the Client, which can be conducted directly or through a system.

i. Other activities, namely activities conducted by the Futures Advisor other than those referred to in letters c through g. The data submitted includes:
1) number of Clients;
2) number of Advice provided;*
3) products;*
4) name and explanation of activity;
5) name of Deputy Futures Advisor (WPA);
6) media of Advice provision, which can be described as face-to-face or electronic communication media;
7) problems faced and mitigation measures taken (if any).
Note:

• Number of Advice provided during 1 (one) month.
• Products include details on the type of Futures Contract, Sharia Derivative Contract, other Derivative Contracts, and/or Commodities in the Physical Commodity Market at the Futures Exchange that will be advised on, including the package name and explanation of the package.

Report Format

PT XYZ
Monthly Activity Report
For .... 20XX

a. List of Deputy Futures Advisors (WPA):
No. Name of Deputy Futures Advisor Licensing Number Notes 1.
2.
3.
4.
Note:
Add description of problems faced and mitigation measures taken (if any).

b. Number of active Clients according to type or category of Client:
No. Client Category Number of Clients Notes

1. Individual
2. Company
   Note:
   Add description of problems faced and mitigation measures taken (if any).

c. Seminar/Socialization/Focus Group Discussion (FGD) Activities:
No. Title Number of Clients/Participants Product Name WPA Location Date Seminar Topic 1.
2.
3.
Note:
Add description of problems faced and mitigation measures taken (if any).

d. Training or Trading Simulation Activities
No. Title Number of Clients Product Name WPA Location Date Seminar Topic 1.
2.
3.
4.
Note:
Add description of problems faced and mitigation measures taken (if any).

e. Signal Provision Activities:
No. Number of Clients Number of Advice Product Name WPA Media 1.
2.
3.
4.
Note:
Add description of problems faced and mitigation measures taken (if any).

f. Consultation Provision Activities:
No. Client Name Number of Advice Product Name WPA Media 1.
2.
3.
4.
Note:
Add description of problems faced and mitigation measures taken (if any).

g. Implementation of Technology-Based Advice Delivery in the form of Expert Advisors:
No. Service Name
Explanation of Service
Number of Clients
Product Name WPA Winning Rate
1.
2.
3.
4.
Note:
1) Add description of problems faced and mitigation measures taken (if any).
2) Explanation of Winning Rate calculation.

h. Implementation of Code of Conduct:
No. Client Name
Account Number
Risk Notification Document
Service Agreement Document
Company Information Document
Risk Notification Document
Background
*
Financial Condition
*
Risk Profile
*
Has Explanation Been Conducted
*
Has It Been Approved/Signed
*
Document Number
Has Explanation Been Conducted
*
Has It Been Approved/Signed
*
Has Explanation Been Conducted
*
Has It Been Approved/Signed
*
1.
2.
3.
4.
Note:

• Filling is done by the Party or Deputy Futures Advisor (WPA) who conducted the explanation.

Filled ( √ ) if filling, explanation, and/or signing has been conducted.
Filled ( - ) if filling, explanation, and/or signing has not been conducted.

2. Futures Advisor Financial Reports:
   Illustration of Futures Advisor financial reports consists of Balance Sheet, Comprehensive Income Statement, Cash Flow Statement, Statement of Changes in Equity, and Notes to Financial Statements. Descriptive disclosure of Notes to Financial Statements is not exemplified in the Appendix of this Regulation of the Agency as it is considered commonly practiced. This illustration is only a simple representation of the presentation of Futures Advisor financial reports, which can be updated in accordance with the latest Financial Accounting Standards (PSAK), other Bappebti regulations, and applicable laws and regulations.

Futures Advisor Financial Report
PT XYZ
BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) As of December 31, 20XX and 20XX (in Rupiah)

20XX
ASSETS
CURRENT ASSETS
Cash and cash equivalents xxxx xxxx
Deposits xxxx xxxx
Commission receivables xxxx xxxx
Interest receivables xxxx xxxx
Prepaid expenses xxxx xxxx
Other current financial assets xxxx xxxx

NON-CURRENT ASSETS
Fixed assets xxxx xxxx
Accumulated depreciation and impairment (xxxx) (xxxx) Other non-current financial assets xxxx xxxx

TOTAL ASSETS* xxxx xxxx

LIABILITIES AND EQUITY
LIABILITIES
CURRENT LIABILITIES
Short-term bank loans xxxx xxxx
Payables to related parties xxxx xxxx
Tax payables xxxx xxxx
Accrued expenses/expenses to be paid xxxx xxxx Other short-term financial liabilities xxxx xxxx

LONG-TERM LIABILITIES
Long-term bank loans xxxx xxxx
Long-term employee benefits xxxx xxxx
Subordinated payables xxxx xxxx
Other long-term financial liabilities xxxx xxxx

TOTAL LIABILITIES xxxx xxxx

EQUITY
Equity attributable to owners of the parent entity:
Share capital:
Paid-up capital xxxx xxxx
Additional paid-in capital xxxx xxxx
Retained earnings/loss xxxx xxxx
Other equity components xxxx xxxx
Non-controlling interests xxxx xxxx

TOTAL EQUITY xxxx xxxx

TOTAL LIABILITIES AND EQUITY xxxx xxxx

PT. XYZ
COMPREHENSIVE INCOME STATEMENT
For the Period Ending December 31, 20XX and 20XX (in Rupiah)

20XX 20XX
INCOME
Revenue from commodity futures trading advisor services xxxxx xxxxx Interest income xxxxx xxxxx Other income xxxxx xxxxx Total income xxxxx xxxxx

EXPENSES
Salary and other employee benefit expenses xxxxx xxxxx Building rent and maintenance expenses xxxxx xxxxx Promotion and publicity expenses xxxxx xxxxx Communication and information expenses xxxxx xxxxx Human resource development expenses xxxxx xxxxx Administrative and general expenses xxxxx xxxxx Depreciation, amortization, and impairment expenses xxxxx xxxxx Other expenses (describe) xxxxx xxxxx Total expenses xxxxx xxxxx

Profit (loss) before tax xxxxx xxxxx
Current Income Tax xxxxx xxxxx
Deferred Income Tax xxxxx xxxxx
Profit (loss) for the year xxxxx xxxxx

Other Comprehensive Income
Items that will not be reclassified to profit or loss:
Gains from changes in the value of financial assets that