Timeframes for Trade and Reporting of Futures Contracts Revert to Original Provisions

During the Corona Virus Disease 2019 (“COVID-19”) pandemic, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued Regulation No. 4/POJK.04/2022, which extended the applicability of various policies until a cut-off date of 31 March 2023 in order to maintain the performance and stability of the capital market during the then ongoing public health crisis.[1] However, through the issuance of Letter of the OJK No. S-68/D.04/2023, Indonesia Stock Exchange (“Exchange”) regulations will now revert to the original provisions that were in place prior to the COVID-19 pandemic, meaning that various forms of relaxation under certain conditions will no longer be available.[2]