- In a bid to ensure organized, effective and efficient internal management within the futures commodity trading sector, the Commodity Futures Trading Supervisory Agency (Badan Pengawas Perdagangan Berjangka Komoditi – "BAPPEBTI") has decided to cease the issuance of licenses and approvals within the alternative trading system (“System”) through the issuance of Circular No. 226/BAPPEBTI/SE/08/2022 on the Termination of the Issuance of Licenses within Alternative Trading Systems (“Circular”).
- Under the Circular, the abovementioned System licensing terminations include the following approvals: 1) System participant approvals; and 2) Approvals for the establishment of System participant branch offices. In addition, BAPPEBTI will no longer accept submissions of new licensing applications in relation to the aforementioned matters.
- Previously, approvals had to first be secured from the Head of BAPPEBTI prior to becoming a System participant and/or the establishment of any new branches by System participants, as addressed under Regulation of the Head of BAPPEBTI No. 5 of 2017 on Alternative Trading Systems.
- The Circular has been in force since 29 August 2022.
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