PT BEI Adjusts JATS and FAK Protocols That Apply to Trading Procedures

The Board of Directors of PT Bursa Efek Indonesia (“BEI”) has issued Decree No. KEP-00096/BEI/12-2022 (“Decree 96/2022”), which introduces adjustments to trading procedures at PT BEI, which has been in force since 28 December 2022. Previously, trading procedures were regulated under Decree No. Kep-00098/BEI/12-2021 (“Decree 98/2021”), which has now been repealed and replaced. Decree 96/2022 has been introduced in order to implement the new protocol of the Jakarta Automated Trading System (“JATS”) and market Order Fill and Kill (“FAK”) during pre-opening and pre-closing.[1]