National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
BAPPEBTI
IndonesiaCommodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI)
Source / Native Reference: 印尼商品期货交易监管机构
- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 16
- Active / regulated
- 16
Statutory Supervisory Mandate & Scope
Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI) (BAPPEBTI) is a Tier-2 derivatives, commodities, and market-infrastructure supervisory body in Indonesia. It regulates futures commission merchants, derivatives dealers, clearing members, and exchange-traded contract execution, enforcing margin adequacy, position limits, trade reporting, and segregated client collateral protections.
Prudential Tier Assessment
Tier-2Tier-2 national capital markets, securities, and derivatives supervisory authority in Indonesia, IOSCO member standards-aligned.
National licensing qualifications & statutory authorisation classes (BAPPEBTI)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by BAPPEBTI in Indonesia.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Category 1 / Principal Broker-Dealer | Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) | Dealing as principal or market maker in securities, FX, CFDs, futures, options, and underwriting. | USD $150,000 – $500,000 equivalent minimum paid-up capital | Risk-weighted capital adequacy + minimum liquid capital buffer ≥ 25% of annual fixed overheads. |
| Category 2 / Agency Broker & Asset Manager | Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence | Order execution, reception and transmission of client orders, discretionary portfolio management, and investment advisory. | USD $75,000 – $150,000 equivalent minimum paid-up capital | Strict client money segregation, best-execution monitoring, and quarterly regulatory financial returns. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under BAPPEBTI.
National Investor Protection / Compensation Scheme (Indonesia)
- Maximum coverage per client
- Subject to statutory national investor protection fund limits and segregated trust priority
- Eligible counterparties & scope
- Retail clients of licensed securities and investment brokerage firms.
BAPPEBTI Client Money & Safe Custody Segregation Rules
- Reconciliation & audit cadence
- Daily reconciliation of segregated client trust bank accounts against client trading ledger balances.
- Approved custodian requirements
- Client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories.
BAPPEBTI Digital Asset / Tokenized Securities & VASP Regulatory Framework
- Travel Rule, custody & stablecoin rules
- FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
Primary Governing Statutes & Rulebooks
- Securities and Capital Markets Act of Indonesia
- BAPPEBTI Licensing, Prudential Capital Adequacy & Conduct of Business Rules
- Client Money & Custody Asset Segregation Regulations (Indonesia)
- IOSCO Principles of Securities Regulation & National AML/CFT Rulebook
Regulatory Reporting & Audit Obligations
Quarterly capital adequacy returns and annual IFRS audited financial statements submitted to BAPPEBTIAnnual independent auditor attestation on Client Money and Safe Custody complianceTransaction reporting, market abuse surveillance (MAR), and AML/CFT suspicious activity reporting
Cross-Border Equivalence & Passporting
Operates under Indonesia national jurisdiction and IOSCO MMoU cross-border supervisory cooperation.
Supervised institutions & BAPPEBTI licence records in our database
16 licence records referencing BAPPEBTI (16 regulated/registered).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| Binance(Global network record) | Not supplied | Regulated | PT. Aset Digital Berkat | 2020-11 | |
| International(Global network record) | 824/BAPPEBTI/SI/11/2005 | Regulated | PT Global Kapital Investama Berjangka | — | |
| Dupoin(Global network record) | 423/BAPPEBTI/SI/VII/2004 | Regulated | PT DUPOIN FUTURES INDONESIA d/h PT DEU CALION FUTURES d/h PT. KRESNA OPTIMUS FUTURES d/h PT. OPTIMUS GLOBAL FUTURES | -- | |
| Octa(Global network record) | 54/BAPPEBTI/SI/05/2013 | Regulated | PT. OCTA INVESTAMA BERJANGKA d/h PT. MULTI MULIA INVESTAMA BERJANGKA | — | |
| Phillip Futures(Global network record) | 69/BAPPEBTI/SI/9/2010 | Regulated | PT. PHILLIP FUTURES | — | |
| Pintu(Global network record) | Number pending check | Registered | PT Pintu Kemana Saja | 2020 | |
| PT. Global Intra Berjangka(Global network record) | 587/BAPPEBTI/SI/XII/2004 | Regulated | PT. Global Intra Berjangka | -- | |
| PT. Midtou Aryacom Futures(Global network record) | 820/BAPPEBTI/SI/10/2005 | Regulated | PT. Midtou Aryacom Futures | 2005-10 | |
| Finex(Global network record) | 47/BAPPEBTI/SI/04/2013 | Regulated | PT. Finex Bisnis Solusi Futures d/h PT. FINEX BERJANGKA | — | |
| PT Jalatama Artha Berjangka(Global network record) | Number pending check | Regulated | PT Jalatama Artha Berjangka | — | |
| PT Panen Kapital Berjangka(Global network record) | 13/BAPPEBTI/SI/03/2008 | Regulated | PT Panen Kapital Berjangka | -- | |
| PT. Didi Max Berjangka(Global network record) | 44/BAPPEBTI/SI/XII/2000 | Regulated | PT. Didi Max Berjangka | — | |
| PT. Mahadana Asta Berjangka(Global network record) | 834/BAPPEBTI/PN/11/2005 | Regulated | PT. Mahadana Asta Berjangka | — | |
| PT. Monex Investindo Futures(Global network record) | 178/BAPPEBTI/SI/I/2003 | Regulated | PT. Monex Investindo Futures | — | |
| PT. REKENINGKU DOTCOM INDONESIA(Global network record) | Not supplied | Regulated | PT. REKENINGKU DOTCOM INDONESIA | — | |
| PT. Victory International Futures(Global network record) | 558/BAPPEBTI/SI/XII/2004 | Regulated | PT. Victory International Futures | — |
BAPPEBTI (Indonesia): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under BAPPEBTI (Indonesia)?
BAPPEBTI (Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI)) supervises financial institutions in Indonesia under Securities and Capital Markets Act of Indonesia and BAPPEBTI Licensing, Prudential Capital Adequacy & Conduct of Business Rules. Key statutory authorisation classes include: Category 1 / Principal Broker-Dealer (Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) — min. capital: USD $150,000 – $500,000 equivalent minimum paid-up capital); Category 2 / Agency Broker & Asset Manager (Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence — min. capital: USD $75,000 – $150,000 equivalent minimum paid-up capital). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does BAPPEBTI provide statutory investor compensation and mandatory client asset segregation?
Under BAPPEBTI's framework, investor protection is governed by National Investor Protection / Compensation Scheme (Indonesia) with maximum coverage of Subject to statutory national investor protection fund limits and segregated trust priority (Retail clients of licensed securities and investment brokerage firms.). For client money and custody assets, supervised firms must comply with BAPPEBTI Client Money & Safe Custody Segregation Rules, performing daily reconciliation of segregated client trust bank accounts against client trading ledger balances. with client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories..
How does BAPPEBTI regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
BAPPEBTI's digital-asset regime is structured around BAPPEBTI Digital Asset / Tokenized Securities & VASP Regulatory Framework (Regulates security tokens, crypto derivatives, and licensed digital asset intermediaries in Indonesia.). Custody and AML/CFT compliance obligations require: FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
How can I verify an institution's BAPPEBTI licence number and check our 16 recorded licence entries?
Our database currently tracks 16 licence records referencing BAPPEBTI (16 marked regulated or registered). To verify a counterparty at the primary source, open BAPPEBTI's official public register (https://bappebti.go.id/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from ETFYield Lab relevant to BAPPEBTI and Indonesia.
ETF Structure & Yield Engineering
Institutional ETF Creation-Redemption Arbitrage, SEC Rule 6c-11 Custom Baskets, and Cross-Border UCITS Withholding Tax Yield Architecture (2026)
An empirical quantitative analysis of Authorised Participant (AP) primary-market arbitrage bands, SEC Rule 6c-11 and IRC Section 852(b)(6) in-kind capital gains shielding, fixed-income ETF NAV-to-market basis dynamics, and Irish ICAV 15% vs 30% US dividend withholding tax alpha.
Fixed Income ETFs & Market Microstructure
SEC Rule 6c-11 Custom Creation Baskets, Fixed-Income ETF NAV Arbitrage & After-Tax Yield Drag Model (2026)
Authorized Participant (AP) custom creation and redemption baskets under SEC Rule 6c-11 refer to non-pro-rata fixed-income portfolio transfers that allow ETF issuers to purge low-basis, illiquid, or off-the-run bonds in-kind without realizing distributable capital gains, compressing annualized after-tax yield drag by 42 to 118 basis points compared with open-end mutual funds.
Treasury Ladders & Yield Math
SGOV vs BIL vs TLT: 30-Day SEC Yield vs Distribution Yield Math & ETF Fee Drag Analysis (2026)
30-Day SEC Yield refers to a standardized net annualized yield metric mandated by the SEC that deducts fund expense ratios from 30-day portfolio income.
Treasury Ladders & Yield Math
iShares 0-3 Month Treasury Bond ETF (SGOV) Yield & Fee Benchmark: 30-Day SEC Yield vs. Trailing 12-Month Distribution Yield Audit (4.31% 30-Day SEC Yield (3 bps ER) Benchmark)
iShares 0-3 Month Treasury Bond ETF (SGOV) Yield & Fee Benchmark (SGOV-0-3M-UST) stands at 4.31% (30-Day SEC Yield (3 bps ER)) (Source: SEC Form N-1A / U.S. Treasury, 2026-10-20), governing Form N-1A Item 26 accrual acco
Statutory licensing classes, base capital rules, and investor protection summaries for BAPPEBTI (Indonesia) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on BAPPEBTI’s official public register.