Futures Broker Representative Permit Reregulated

Head of the Commodities Futures Trading Supervisory Agency (“Bappebti”) has issued Regulation No. 101/Bappebti/Per/01/2013 on Futures Broker Representative Permit (“2013 Regulation”). The 2013 Regulation aims to improve the permit application process and promote effective supervision, as well as professionalism of representatives.

In general, the 2013 Regulation stipulates procedures on obtaining the permit for futures brokers representatives (“representative”), which was previously regulated under the Head of Bappebti Regulation No. 57/BAPPEBTI/KP/9/2005 on Futures Broker Representative Permit (“2005 Regulation”).