Bappebti and ICDX Highlight the Importance of Compliance for Futures Brokerage Companies

Jakarta – The Commodity Futures Trading Regulatory (Bappebti) emphasizes the importance of comprehensive compliance monitoring in the commodity futures trading industry, especially for futures brokerage companies. This monitoring covers compliance with activities, financial integrity, transactions, and audit implementation. It is carried out to build public trust in the commodity futures trading industry.

This was conveyed by Widiastuti, Head of the Futures Trading Supervision Bureau, Warehouse Receipt System, and Commodity Auction Markets at Bappebti, during the Socialization of Bappebti Regulation No. 7 of 2024 on Financial Reporting Obligations and Adjusted Net Capital Requirements for Futures Brokers, as well as the Bappebti E-Reporting Training, held by the Indonesia Commodity & Derivatives Exchange (ICDX) and Indonesia Clearing House (ICH) in Jakarta on Monday, September 30, 2024.

Widiastuti added, “As a strategic effort, in addition to regular monitoring on a daily, monthly, quarterly, and annual basis, we also conduct on-site and off-site monitoring. The on-site monitoring is based on the company’s risk map. Bappebti hopes that all futures brokers comply with the applicable regulations. Therefore, Bappebti, through the PBK, SRG, and PLK supervision bureau, is open to futures brokers requiring consultations, training related to reporting, and obligations under the regulations, whether related to activities, transactions, audits, or financial integrity."

Meanwhile, Fajar Wibhiyadi, CEO of ICDX, said, “We fully support Bappebti’s efforts related to compliance monitoring for futures brokerage companies. This is because we recognize that the commodity futures trading industry relies heavily on public trust, and compliance with these regulations is crucial for the integrity of futures brokerage companies." 

“Currently, ICDX has 40 futures brokerage companies as exchange members, and we will conduct these reporting training sessions regularly,” Fajar Wibhiyadi stated.

Bappebti Regulation No. 7 of 2024 on Financial Reporting Obligations and Adjusted Net Capital Requirements for Futures Brokers includes provisions regarding adjusted net capital, procedures for reporting adjusted net capital, and guidelines for preparing separate account reports.