OJK prepares new commissioner board for mineral and commodities exchange oversight
Jakarta (ANTARA) - The Financial Services Authority (OJK) is preparing new members of its Board of Commissioners to fill the position of Chief Executive supervising the Strategic Mineral and Commodities Exchange.
The move comes ahead of the planned launch of the Strategic Mineral and Commodities Exchange on 1 January 2027.
“There will be a Chief Executive; there will be a new Chief Executive supervising the Strategic Mineral and Commodities Exchange. If anyone is interested in registering, they should apply through the selection committee,” OJK Board of Commissioners Chair Friderica Widyasari Dewi told journalists at the Indonesia Stock Exchange building in Jakarta on Wednesday.
Friderica explained that the selection of the Chief Executive supervising the Strategic Mineral and Commodities Exchange will be carried out through a selection committee (pansel) that OJK will soon establish.
She said the appointment of the chief executive needs to be made promptly, given the approaching operational start date of the Strategic Mineral and Commodities Exchange on 1 January 2027.
“InsyaAllah, by 1 January 2027 the exchange must already be operating. So it should not take long — hopefully the selection committee will be formed soon so that a chief executive can be chosen,” Friderica continued.
She explained that much still needs to be prepared before the Strategic Mineral and Commodities Exchange officially begins operations, from infrastructure development to drafting regulations, including Financial Services Authority Regulations (POJK).
“There is a lot to prepare, especially infrastructure and rules; at the very least, the POJK must also be in place,” she said.
As is widely known, the establishment of the Strategic Mineral and Commodities Exchange is one of the mandates of Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (UU P2SK).
She said the new mandate under the UU P2SK covers not only the establishment of a mineral exchange but also a strategic commodities exchange along with its supporting ecosystem, which requires collaboration among all stakeholders.
According to her, Indonesia has great potential to become a hub for trading strategic minerals and commodities, supported by its abundant natural resources. The presence of the exchange is expected to open new opportunities for businesses and investors in the domestic market.