OJK issues two regulations regarding mineral and strategic commodities exchange
The Financial Services Authority (OJK) has officially issued two OJK Regulations (POJK) regarding the mineral and strategic commodities exchange (BMKS) to build market infrastructure capable of conducting trade in an orderly, fair, transparent, efficient, and high-integrity manner.
The two regulations are POJK Number 15 of 2026, concerning the phased transition of the duties and authority for regulating and supervising transactions at the BMKS from the Commodity Futures Trading Regulatory Agency (Bappebti) to the OJK, and POJK Number 16 of 2026, regarding the operation of the BMKS.
“With the issuance of these two POJKs, OJK hopes that the BMKS ecosystem can grow in a healthier, more professional, and more competitive manner, and be able to create a liquid and trusted market to support increased investor confidence in Indonesia’s financial services industry,” said the Head of OJK’s Public Communications Directorate, Sekar Putih Djarot, in a statement in Jakarta on Friday.
The issuance of these two POJKs is an initial step by the OJK in fulfilling the mandate of Article 132A of Law Number 4 of 2026 regarding the Amendment to Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector (P2SK Law Amendment), which mandates the OJK to carry out the regulation and supervision of transactions within the BMKS.
POJK Number 15 of 2026 comes into effect from 17 September 2026, while POJK Number 16 of 2026 will take effect from 1 January 2027.
Furthermore, POJK 15/2026 regulates the mechanism for the transition of regulatory and supervisory authority for the BMKS from Bappebti to the OJK to ensure it proceeds smoothly and measurably, in order to maintain market stability, prevent legal vacuums, and minimise operational obstacles for existing business players.
The transfer of authority from Bappebti to the OJK will officially commence on 1 January 2027, when the BMKS begins operations.
Meanwhile, through POJK 16/2026, the OJK is strengthening the regulatory and supervisory framework for the operation of the BMKS.
This regulation covers, among other things, trading participants within the BMKS, trading methods and phased implementation, the conduct of BMKS transactions, governance, risk management, user protection, and the enforcement of integrity.
The OJK stated that the operation of the BMKS is designed as a unified ecosystem that integrates the functions of trading, clearing, guaranteeing, transaction settlement, and the management of Electronic Proof of Ownership.
The BMKS is required to adhere to the principles of orderliness, fairness, transparency, efficiency, certainty of transaction settlement, market integrity, and risk management.
Additionally, this POJK includes aspects of user protection aimed at increasing confidence in the operation of the BMKS and protecting the interests of service users.