In order to improve the effectiveness of the granting and supervision of futures broker representative
licenses (“
Licenses”),
[1] the Commodities Futures Trading Regulatory Agency (
Badan Pengawas Perdagangan Berjangka Komoditi - “
Bappebti”) has issued Regulation
No. 2 of 2018 on Futures Broker Representative
Licenses (“
Regulation 2/2018”).
This new legal framework serves as a set of guidelines for the implementation of the following matters:
-
Procedure for the securing of Licenses;
-
Transfers to other offices; and
-
Suspensions.
Prior to the issuance of Regulation 2/2018, these same matters were addressed under the following regulations (“Previous Regulations......
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