Indonesia's OJK Prepares Rules for Strategic Mineral Exchange Ahead of 2027 Launch
Indonesia's OJK is preparing regulations for the Strategic Mineral and Commodity Exchange, targeted to begin operations on Jan. 1, 2027.
The Financial Services Authority of Indonesia (OJK) is working on implementing regulations to support the establishment of the Strategic Mineral and Commodity Exchange (BMKS) by January 1, 2027. This directive was given by President Prabowo. The upcoming regulations include an OJK Regulation outlining the phased transition of strategic mineral and commodity trading, along with one detailing the operation of the exchange itself.
OJK Board of Commissioners Chair Friderica Widyasari Dewi stated that these regulations must be completed by September 17, 2026, after being approved by the House of Representatives. The BMKS is expected to act as a commodity price benchmark and deepen the domestic market, even though Indonesia is a leading global producer of strategic commodities.
The exchange will function as a spot market for strategic commodities, with the goal of improving transaction transparency and accountability.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
