The Financial Services Authority (OJK) has officially issued Regulation Number 1 of 2025 concerning Financial Derivatives with Underlying Assets in the form of Securities. This move follows the transfer of regulatory and supervisory duties over Financial Derivatives from the Commodity Futures Trading Regulatory Agency (Bappebti) to OJK, as mandated by Article 312 of Law Number 4 of 2023 on Financial Sector Development and Strengthening.

The newly introduced regulation aims to provide legal certainty for the continuity and development of financial derivative products, market participants, and infrastructure providers whose licenses were previously under Bappebti's authority. With this shift, OJK now holds full responsibility for overseeing these operations.

The core provisions of the regulation cover several key aspects, including:

• The scope of regulation and supervision of Financial Derivatives with underlying securities.
• Rules governing products, participants, and market infrastructure for Financial Derivatives.
• Supervision and law enforcement for market players and infrastructure providers.
• The transition of products, participants, and infrastructure providers from Bappebti to OJK.

This regulation took effect on January 10, 2025, the official date when OJK assumed authority over Financial Derivatives from Bappebti.

OJK emphasized its commitment to continuously monitoring and evaluating the implementation of this regulation to ensure its effectiveness. The goal is to create a stable financial market and provide maximum benefits for all stakeholders involved in the derivatives sector.

The move marks a significant step in streamlining the financial regulatory landscape in Indonesia. By consolidating oversight under OJK, the government aims to enhance investor protection, promote market transparency, and strengthen the financial ecosystem.

PHOTO: ANTARA

This article was created with AI assistance.