Spot or Forward Markets? Discover New Trading Opportunities Through the Latest Framework on Commodity Auction Markets

Following the mandate originally set out under Regulation of the President No. 75 of 2022 on the Structuring, Fostering and Development of Commodity Auction Markets (“Regulation 75/2022”), the Minister of Trade (“Minister”) has now decided to issue Regulation No. 33 of 2024 on the Implementing Regulation to Regulation 75/2022 (“Regulation 33/2024”).[1] At its core, Regulation 33/2024 specifies various requirements for the establishment and operation of commodity auction markets (“Markets”) and delineates a number of specific roles and responsibilities of Market organizers, participants and guarantee institutions (lembaga penjamin). Furthermore, the new regulatory framework also sets various criteria for commodities, transaction guarantees and sanctions.