OJK Issues Two Regulations on Mineral and Strategic Commodities Exchange

JAKARTA, Jakartaweekly.com–Indonesia’s Financial Services Authority (OJK) has issued two Financial Services Authority Regulations (POJK) concerning the Mineral and Strategic Commodities Exchange (BMKS). 

The regulations issued are POJK No 15 of 2026 concerning the Phased Transfer of Duties and Authorities for the Regulation and Supervision of Transactions on the Mineral and Strategic Commodities Exchange from the Commodity Futures Trading Regulatory Agency to the Financial Services Authority. 

Then POJK No 16 of 2026 concerning the Operation of the Mineral and Strategic Commodities. 

Head of OJK Public Communication Directorate Sekar Putih Djarot explained that the issuance of the two POJKs is OJK’s initial step in realizing Law No 4. Of 2026 concerning the Development and Strengthening of the Financial Sector (P2SK Law). In this case, OJK is carrying out its mandate to regulate and supervise transactions on the Mineral and Strategic Commodities Exchange. 

The BMKS framework is intended to establish market infrastructure for trading strategic minerals and strategic commodities. The two POJKs are expected to enable trading activities to be conducted in an orderly, fair, transparent, efficient and integrity-based manner. They are also expected to provide certainty regarding the price formation process, clearing, transaction settlement, and risk management. 

Furthermore, POJK No. 15 of 2026 sets out the mechanism for transferring regulatory and supervisory authority over the Mineral and Strategic Commodities Exchange from Bappebti to OJK. The regulation is intended to ensure a smooth and measured transition, maintain market stability, prevent regulatory gaps and minimize operational disruptions for existing market participants.

“The transfer of authority from Bappebti to OJK will take effect on January 1, 2027, when BMKS begins operations,” Sekar said in a press release on Friday, September 17, 2026.

Meanwhile, POJK No. 16 of 2026 sets out the regulatory and supervisory framework for BMKS operations under OJK. The regulation covers, among other things, trading participants, trading activities, and the stages and procedures for trading, BMKS transaction operations, governance, risk management, as well as consumer protection and market integrity enforcement.

The BMKS is designed as an integrated ecosystem that brings together trading, clearing, guarantee, transaction settlement and the management of Electronic Proof of Ownership. The BMKS must adhere to the principles of orderly and fair trading, transparency, efficiency, certainty of transaction settlement, market integrity, and sound risk management.

The regulation also includes provisions on consumer protection aimed at strengthening confidence in BMKS operations and safeguarding the interests of service users.

“With the issuance of the two POJKs, OJK hopes the BMKS ecosystem can develop in a healthier, more professional, and competitive manner, while creating a liquid and trusted market that supports greater investor confidence in Indonesia’s financial services industry,” Sekar said.

POJK No. 15 of 2026 took effect on September 17, 2026, while POJK No. 16 of 2026 will take effect on January 1, 2027.