Machine Translation of "Government Regulation No. 9 Of 1999" (Indonesia)

Government Regulation No. 9 Of 1999

Original Language Title: Peraturan Pemerintah Nomor 9 Tahun 1999

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SHEET COUNTRY
REPUBLIC OF INDONESIA

No. 16, 1999

(Explanation in Additional Sheet Indonesia Republic Number 3805)

GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
Number 9 YEAR 1999
ABOUT
HOSTING TRADE
COMMODITY FUTURES

PRESIDENT OF THE REPUBLIC OF INDONESIA,

.,, in a draw: that in the course of implementation of Law No. 32 of 1997 on the Trade of Commodity Futures, it is necessary to set the Government Regulation on the Hosting Of Commodity Futures Trading;

.,, Given: 1. Section 5 of the paragraph (2) of the Basic Law of 1945;

., 2. Code Number 32 Of 1997 on Commerce Of Commodity Futures (state Gazette 1997 Number 93, Extra State Sheet Number 3720);

DECIDED:

.,, Setting: A GOVERNMENT REGULATION ON THE HOLDING OF COMMODITIES TRADING IN COMMODITIES.

BAB I
THE FUTURES EXCHANGE

The Kesatu section
Attempt permit

Section 1

.,, (1) The Term Exchange is established at least by 11 (eleven) Indonesian legal entity-shaped business entities.

.,, (2) The business entity as referred to in paragraph (1), the majority must be conducting business activities in the field of commodities that are eligible to be traded.

.,, (3) The term of the Exchange Service can only be performed by a Limited Perseroan-shaped business entity that has obtained an enterprise permit from Bappebti.

Section 2

The capital is paid for at least Rp. 10,000,000.00 (ten billion rupiah).

Section 3

.,, (1) the request to obtain the Term Exchange business permit is delivered to Bappebti accompanied by the following documents:

., a., a. The deed to the establishment of a Limited Company passed by the Minister of Justice;

B. term of the Stock Exchange shareholders;
C. Limited-Tax (NPWP) Subject Number (NPWP) Limited;

., d. The economic considerations that underlie the establishment of the Term Exchange include a description of the state of the market to be formed;

., e. Three (3) year plans including organizational arrangements, communication facilities, and training programs to be held;

f. financial projection for 3 (three) years;
G. the opening balance sheet of the Limited Perseroan that has been audited by the Public Accountant;
h. list of potential commissioners and directors;
i. the draft rules and regulations design;

., j. The term of the IBM Cloud Service Agreement with the Cloud Service is available for use with the IBM Cloud Service. No, the draft of the term of the Term Contract; and
I. The term is not available.

.,, (2) the invocation as referred to in paragraph (1) is submitted by using the form form and its contents are set by Bappebti.

Section 4

.,, (1) the annual budget plan and use of the profit, regulation and order, the Term Contract, and the candidate of the commissioner and/or the board of directors of the Service and the changes are required to receive approval from Bappebti.

.,, (2) If the annual budget plan and the use of the profit, regulation and orderly conduct, as well as the candidate of the commissioner and/or the board of directors of the term are rejected, Bappebti provides an excuse for the denial.

Section 5

Bappebti gives the effort permission as referred to in Article 1 with regard to:
a. the integrity and expertise of potential commissioners and directors;
B. the eligibility level of the assembled plan; and

., c. the prospect of setting up a regular, reasonable, efficient, and effective futures market.

Section 6

The further provisions are required regarding the Licensing of the Term Exchange, set by Bappebti.

The Second Part
The Shareholder

Section 7

.,, (1) Which is the holder of the Term Exchange is the founder, and the Member of the Term Exchange has had a Brokerage Firm ' s permit.

.,, (2) The Stock Exchange is a stock on behalf of the same nominal value and the same voting rights.

(3) Each of the Stock Exchange shareholders can only have 1 (one) shares.

., (4) Non-Eligible Trading Partner (s) to be a Member of the Term Exchange or who is no longer a Member of the Term Exchange, unable to use the voting rights over the shares owned.

Section 8

.,, (1) The Stock Exchange may only be transferred to a Member of the Term Exchange who has a business permit as a Term Broker.

., (2) The controlling interest of the Stock Exchange as referred to in paragraph (1) can be done following the Statement of the Term Exchange that the beneficiary of the shares is the Brokerage Futures of the Exchange Member's Futures.

Section 9

.,, (1) Shareholders who are revoked of their business permit as a Compulsory Broker transfer its shares to other-term brokers no later than three (three) months.

.,, (2) If the stock may not be diverted within the term as referred to in paragraph (1), then the Stock auction is referred to at the best price level.

.,, (3) In the event the stock cannot be diverted through the auction as referred to in paragraph (2), then the shareholders who revoked his business permit as a Term Broker did not have a vote in the General Shareholders ' Meeting.

Section 10

The Shareholder Exchange shareholders are prohibited from having a relationship with other shareholders on the same Stock Exchange through:
a. entitlement, both direct and indirect;
B. appointment of the post as a member of the commissioner or the board; or

., c. bending in the field of management and/or corporate discretion both direct and indirect.

The Third Part
The multiplier

Section 11

.,, (1) The number of commissioners and directors of the Exchange are each as many as 7 (seven) people.

.,, (2) The members of the commissioner as referred to in paragraph (1) at least 1 (one) people represent the public.

.,, (3) The Board of Directors of the Service is prohibited from having a double office as a commissioner, a board of directors, or an employee of another company.

.,, (4) Candidates for the commissioner and the board of directors of the Service are required to be submitted to Bappebti for approval.

.,, (5) Bappebti is required to provide consent to the candidate of the commissioner and the directors of the Term of the Exchange as referred to in paragraph (4), if it has met the requirements as set forth in the trade laws. Commodity futures.

.,, (6) Members of the commissioner and directors are appointed for a term of 5 (five) years and may be re-elected.

The Fourth Part
Activity termination

Section 12

The term may not be used for any other purpose, including, but not limited to, the terms of the term for which the Cloud Service can be used, including, without, the total number of, or any other, or any other, or any other, or any other, or any other party or A state that threatens the term of the term exchange, the term of the term, or the term of the term contract, if:

., a., a. Physical and physical infrastructure is available for use with the IBM Cloud Service.

., b. a political, economic or financial crisis in Indonesia or elsewhere that led to the disruption of the contracted contract with the term of the Term of the Excberation;

., c. ensued states of force such as natural disasters, strikes, riots, fires, and wars; or

., d. There has been an infringement of the laws in the field of the Commodity Futures Trade in the term of the Term Trade Agreement on the Term of the Exchange.

Section 13

.,, (1) In the event of circumstances referred to in Section 12, the Exchange terminates the contracted transaction activities within a term of 1 (1) business days.

(2) The (2) Termination as referred to in verse (1) is reported to Bappebti along with the reasons of the termination and the measures performed and may not be able to resolve the issue.

.,, (3) the relationship with termination as referred to in paragraph (1), the Term of the Exchange designates the settlement price for the open position of the Term.

Section 14

., (1) If the Term Exchange is not able to resolve the issue that caused a temporary halt as referred to in Article 13, Bappebti issued a temporary termination decree for the continued contract of the contracted transaction.

., (2) The Decision of Bappebti as referred to in paragraph (1) is announced at least in 2 (two) of the mass media.

Section 15

If the problem that caused a temporary outage has been resolved, then the implementation of the Term Exchange Contract transaction activities must be reopened and announced at least 2 (two) of the mass media.

Section 16

.,, (1) During the temporary termination of the Scheduled Contract Transaction as referred to in Section 14 of the paragraph (1), to the Exchange are given the opportunity to take the necessary resolution or repair measures.

.,, (2) If the Term Exchange may not take settlement steps or fixes as referred to in paragraph (1), Bappebti ordered the Term of the Exchange to carry out the specific actions specified.

Section 17

In the event that the Cloud Service is not available, the Cloud Service can be used as part of Client's use of the Cloud Service, as described in the Cloud Service. The term of the term of the contract transaction is on the Term Exchange.

Section 18

As a result of the termination as referred to in Article 12 and Section 17 becomes the burden and responsibility of the Service Exchange organizer.

Section 19

.,, (1) The termination of the term of the Governing Exchange is kept by Bappebti by revoking the business permit of the Governing Law.

.,, (2) The revocation of the Compulsory Exchange effort is reported to the Minister and immediately announced at least in 2 (two) of the mass media.

Section 20

.,, (1) The Term Exchange revoked its business permit to hold a General Shareholders ' Meeting to decide the dissolution of the statutory body of the Governing Exchange and the formation of the Liliquidation Team.

., (2) The decision of the dissolution of the term of the Term Exchange and the establishment of the Liquidation Team as referred to in paragraph (1), shall be mandatory in the slowest term of 2 (two) months from the date of the revocation date of the business permit.

Section 21

Where the provisions of Section 20 are not met, Bappebti may request the court to issue a set of provisions:
a. the dissolution of the Term Exchange legal entity;
B. appointment of Team Likuities proposed by Bappebti; and

.,, c. the conduct of the liquidation execution in accordance with applicable laws.

Section 22

.,, (1) The Liquiddator Exchange Futures as referred to in Article 20 and Article 21 of the letter b pay for the right of the Alang Broker after being reduced payment to the Nasabah who has a bill to the Concerned Broker in question.

(2) The (2) Nasabah as referred to in verse (1) reserves the right to claim his funds which is on the Alang Berations through the liquidators by submitting valid proofs.

Section 23

The further provisions necessary regarding the termination of the term of the Exchange activities are set forth by Bappebti.

BAB II
THE FUTURES CLEARING INSTITUTE

The Kesatu section
Attempt permit

Section 24

The Futures Clearing Institute ' s activities can only be done by a Limited Perseroan-shaped venture body which has obtained a business permit from Bappebti.

Section 25

The Capital of the Cliring Authority is at least Rp 20,000.000.00 (twenty billion rupiah).

Section 26

The Futures Clearing Institute is required to guarantee and complete the Contractual Contractual Transaction caused by the failure of its members to meet the obligations to the Term Clearing Institution.

Section 27

.,, (1) The request to obtain the Cervical Clearing Institute ' s business permit is submitted to Bappebti accompanied by documents as follows:

., a., a. The deed to the establishment of a Limited Company passed by the Minister of Justice;

B. list of shareholders;
C. Tax (NPWP) Subject Number (NPWP);

., d. plans of activities 3 (three) years including financial projections, organizational arrangements, communication facilities, and exercise programs to be held;

e. the opening balance sheet of the Limited Perseroan that has been audited by the Public Accountant;
f. list of potential commissioners and directors;
G. The term of the IBM Cloud Service is designed to be used by the Cloud Service. ., h. The agreement between the Cloud Service offering is based on the term of the Cloud Service, which will use the Service's Service, and

i. -Long-term hardware and software readiness statements.

.,, (2) the invocation as referred to in paragraph (1), is asked by using the form form and its contents are set forth by Bappebti.

Section 28

Bappebti gives the effort permission as referred to in Article 24 with regard to:
a. the integrity and expertise of potential commissioners and directors;
B. the eligibility level of the assembled plan; and
c. A clearing, secure and efficient clearing and settlement system.

Section 29

., (1) Regulation and order, the candidate of the commissioner and/or the board of directors of the Kliring Institution and its changes are required to obtain the consent of Bappebti.

.,, (2) If the regulation and orderly conduct, as well as the candidate of the commissioner and/or the board of the Termring Client Institution are rejected, Bappebti provides an excuse for the denial.

The Second Part
The Shareholder

Section 30

.,, (1) The Stock Clearing Institute is a stock on behalf of the same nominal value and the same voting rights.

.,, (2) The Stock Clearing Entity can only be owned by a Member of the Term Clearing, the Term Exchange, the government and/or the financial institution Bappebti approved.

.,, (3) The beauty of the rights to the stocks of the Clearing Agencies may only be performed to the parties as referred to in verse (2).

The Third Part
The multiplier

Section 31

.,, (1) The number of commissioners and directors of the Kliring Institute of each term are as many as 7 (seven) people.

.,, (2) The Board of Directors of the Prohibited Client Institution is prohibited from having a double office as a commissioner, directors or employees of another company.

.,, (3) The candidate of the commissioner and board of directors of the Compulsory Clearing Institute is submitted to Bappebti to obtain approval.

.,, (4) Bappebti is required to provide consent to a prospective member of the Commissioner and the Board of Directors of the Term Clearing as referred to in paragraph (3), if it has met the requirements as set forth in the laws of the field Commodities Trading.

.,, (5) Members of the commissioner and directors are appointed for a term of 5 (five) years and may be re-elected.

The Fourth Part
Activity termination

Section 32

.,, (1) The term of the Clearing Institution may cease or cease to remain if:

., a., a. All available services are revoked by the following terms:

., b. all of the Service and the Clearing Institutions are agreed to terminate the cooperation agreement; or

., c. The concerned futures clearing or not being able to carry out legislation in the areas of the Commodity Futures Trade interferes with the integrity of the Ministry for the Term and the interests of Nasabah.

., (2) With the termination of the Permanent Clearing Institute's activities, Bappebti revoked the business permit of the Concerned Clearing Institute and was obliged to immediately report to the Minister, as well as to announce at least 2 (two) mass media.

Section 33

.,, (1) The Governing Client Institution Revoked for its efforts to host a General Shareholders ' Meeting to decide the dissolution of the statutory body of the Governing Body and the formation of Team Liquiities.

.,, (2) The decision of the dissolution of the Statutory Clearing Institute of the Term and the formation of the Liliquidation Team as referred to in paragraph (1), shall be mandatory within the slowest term of 2 (two) months from the date of the revocation date of the business permit.

Section 34

If the provisions as referred to in Article 33 are not met, Bappebti may request the court to issue a set of provisions:
a. the dissolution of the Term Governing Body ' s Law Board;
B. appointment of Team Likuities proposed by Bappebti; and

.,, c. the conduct of the liquidation execution in accordance with applicable laws.

Section 35

.,, (1) The Liquiddator Institute Clearing of the Term as referred to in Article 33 of the paragraph (1) and Article 34 of the letter b foreshadowing the rights of the Brokerage Office of the Clearing Agency after being reduced payment to the Nasabah who has the bill to The futures broker are concerned.

(2) The (2) Nasabah as referred to in verse (1) reserves the right to claim his funds which is on the Alang Berations through the liquidators by submitting valid proofs.

Section 36

The further provisions necessary regarding the termination of the Prescribed Clearing Institute are set by Bappebti.

BAB III
THE FUTURES BROKER, THE FUTURES ADVISOR,
THE FUTURES FUND SENTRA,
AND THE FUTURES TRADER

The Kesatu section
The Futures Broker

Section 37

The implementation of activities as a Term Broker can only be done after obtaining a business permit from Bappebti.

Section 38

The Futures Broker as referred to in Article 37 of the mandatory Limited Perseroan form is established and located in the territory of the Republic of Indonesia.

Section 39

Futures Brokers are required to meet capital requirements as set by Bappebti.

Section 40

.,, (1) The request to obtain a Brokerage Venture permit is submitted to Bappebti accompanied by the following documents and/or captions as follows:

., a., a. The deed to the establishment of a Limited Company passed by the Minister of Justice;

B. list of shareholders ' names;
C. Tax (NPWP) Subject Number (NPWP);

., d. Plan activities that include organizations, acceptance and education systems and employee training, telecommunications facilities and information systems, regulatory oversight and execution systems, operation plan and transaction management, and financial projection for 3 (three) years;

e. the opening balance sheet that has been audited by the Public Accountant;
f. list of commissary names and directors;
G. proof of opening a separate account for the Nasabah fund;
h. evidence of membership on the Term Exchange and the Compensation Fund deposit;
i. list of supervisor names; and

., j. list of names of experts who have permission as the Deputy broker-term of Bappebti.

.,, (2) the invocation as referred to in paragraph (1), is asked by using the form form and its contents are set forth by Bappebti.

.,, (3) Pialang ' s venture permit is given after paying attention to all the requirements and news of the physical means examination conducted by Bappebti.

Section 41

The Futures Brokers have at least three (three) Deputy Brokers Who Are Based as one of the directors and 2 (two) of the Relevant Broker's people,

Section 42

.,, (1) The Brokerage is prohibited from being controlled, either directly or indirectly by a person of the person who:

., a., a. unable to perform legal action;

., b. ever declared bankruptcy or be a director or commissioner found guilty of causing a company to be declared pailit in the last 5 (five) years;

.,, c. was once convicted of being proven to commit criminal acts in the field of economics or finance;

., c. has been shown to commit abuses against the laws in the Commodity Futures Trade;

e. does not have good morals and morals; or
f. has no knowledge in the commodity Commodity Futures Trading.

.,, (2) The Compulsory Venturing reports the party controlling his company both directly or indirectly, including his transformation to Bappebti.

Section 43

.,, (1) The Qualified Broker may open a branch office after meeting the requirements as follows:

., a., a. the addition of capital as specified by Bappebti;
B. have a business plan that is poured in the company ' s activities plan;
c. have a Deputy Broker BerTerm; and
D. have sufficient means and infrastructure.

.,, (2) The opening of the branch office as referred to in paragraph (1) is reported to Bappebti by using the form form and its contents are set by Bappebti.

Section 44

Further provisions are required regarding the licensing of the Alang Beralang set by Bappebti.

The Second Part
The Futures Advisor

Section 45

.,, (1) The implementation of activities as a Term Advisor can only be carried out after obtaining the permission of Bappebti.

., (2) Business licenses as a Mandatory Advisor is owned by a Party performing the activities providing advice directly or through the issuance of a special publication or report via electronic media that contains the analysis of the price or Commodity Futures Trading activities or Option by obtaining payment or profit, except for certain parties excluded under the laws of the Commodity Futures Trade.

.,, (3) The party who has had a business permit as a Brokerage may carry out activities as a Term Advisor.

Section 46

.,, (1) the request to obtain a Service Advisor ' s business permit is submitted to Bappebti accompanied by the following documents and/or captions as follows:

., a., a. the deed of establishment of a company or a Limited Perseroan that has been authorized by the Minister of Justice;

B. Mandatory Subject Number (NPWP);
c. meet the financial requirements specified; and

., d. list of names of experts who have a permit as a Vice-Advisor to the Term of Bappebti.

.,, (2) the invocation as referred to in paragraph (1), is asked by using the form form and its contents are set forth by Bappebti.

.,, (3) Long-term Advisory Efforts Permit after paying attention to all the requirements and news of the physical means examination conducted by Bappebti.

Section 47

The Futures Advisor as referred to in Article 45 is required to have at least one-term Vice-Advisor.

Section 48

.,, (1) The Advisor is prohibited from being controlled, either directly or indirectly by an individual person who:

., a., a. unable to perform legal action;

., b. ever declared bankruptcy or be a director or commissioner found guilty of causing a company to be declared pailit in the last 5 (five) years;

.,, c. was once convicted of being proven to commit criminal acts in the field of economics or finance;

., d. have been proven to conduct violations of the Commodity Futures Trade Laws;

e. does not have good moral and moral; or
f. has no knowledge in the commodity Commodity Futures Trading.

.,, (2) Compulsory Advisors report the Party that controls his company either directly or indirectly including its changes, to Bappebti.

Section 49

.,, (1) The Term Advisor may open a branch office after meeting the requirements as follows:

., a., a. have a business plan that is poured in the company ' s activities plan;
B. has a Term Deputy Advisor; and
c. have sufficient means and infrastructure.

.,, (2) The opening of the branch office as referred to in paragraph (1) is reported to Bappebti by using the form form and its contents are set by Bappebti.

Section 50

The further provisions are required regarding the Permissions Advisor specified by Bappebti.

The Third Part
The Futures Fund Manager

Section 51

The execution of the activities as the Maintainer of the Futures Fund can only be done after obtaining a business permit from Bappebti.

Section 52

The Futures Fund Manager is obliged to meet the capital requirements in the establishment of a Limited Perseroan on the Sentra Dana BerTerm as set forth by Bappebti.

Section 53

.,, (1) the request to obtain the Futures Fund manager permit submitted to Bappebti is accompanied by a document and/or the description as follows:

., a., a. The deed to the establishment of a Limited Company passed by the Minister of Justice;

B. list of shareholders ' names;
C. Mandatory Subject Number (NPWP);
D. list of commissary names and directors; and

., e. the power name of the expert who has permission as the Deputy Maintainer Of The Futures Fund of Bappebti.

.,, (2) the invocation as referred to in paragraph (1), is asked by using the form form and its contents are set forth by Bappebti.

Section 54

The Futures Fund Manager is mandatory at least two (two) people who have been granted permission as the co-director and a Manager of the Sentra Fund Manager. Futures.

Section 55

.,, (1) The Futures Fund Manager is prohibited from being controlled, either directly or indirectly by individual persons who:

., a., a. unable to perform legal action;

., b. ever declared bankruptcy or be a director or commissioner found guilty of causing a company to be declared pailit in the last 5 (five) years;

.,, c. was once convicted of being proven to commit criminal acts in the field of economics or finance;

., d. have been proven to conduct violations of the Commodity Futures Trade Laws;

e. does not have good moral and moral; and
f. It has no knowledge in the field of commodities for commodities.

.,, (2) The management of the Sentra of Futures Funds is required to report the Parties controlling the company both directly or indirectly including the changes, to Bappebti.

Section 56

Further provisions are required regarding the Futures Fund Manager permissions set by Bappebti.

The Fourth Part
The Deputy Broker Futures, The Deputy Futures Advisor, and
The Deputy Maintainer Of The Futures Fund

Section 57

The implementation of the activities as a Deputy Broker, a Term Deputy Advisor, and the Deputy Maintainer Of Sentra Futures Fund can only be done after getting permission from Bappebti.

Section 58.

.,, (1) Permission as a Deputy Broker is only granted to individuals who have expertise in the field of perpetual Contract trade.

.,, (2) Permission as a Term Vice Advisor is granted only to individual persons who have expertise in the field of Commodity Futures Trade analysis.

.,, (3) Permission as a Futures Fund Manager is only granted to individuals who have expertise in the Sentra Fund Management-Term management.

Section 59

.,, (1) the request to obtain a permit as a Deputy Broker-term, a Term Deputy Advisor, and the Deputy Manager of the Futures Fund are submitted to Bappebti with the following documents and/or captions as follows:

., a., a. formal education certificate;

., b. the exam passed the exam organized by Bappebti according to its field of each; and

., c. the recommendation of the Term Broker or the Governing Advisor or the Governing Sentra of the Futures Fund.

.,, (2) the invocation as referred to in paragraph (1), is asked by using the form form and its contents are set forth by Bappebti.

Section 60

The further provisions are required regarding the licensing of the Deputy Brokerage, the Deputy Term Advisor, and the Deputy Maintainer Of The Futures Fund are set by Bappebti.

The Fifth Part
The Futures Trader

Section 61

.,, (1) The implementation of activities as a Service Trader can only be carried out after obtaining a registration certificate from Bappebti.

., (2) The certificate of registration as referred to in paragraph (1), provided by Bappebti to the Parties meeting the requirements as follows:

., a., a. never committed a despicable act and/or punished for proven criminal conduct in the field of economics and finance;

B. have good morals and morals;
c. meet the financial requirements specified; and
D. have expertise in the field of Commodity Futures Trading.

Section 62.

.,, (1) The request to obtain a registration certificate is submitted to Bappebti accompanied by the following documents and/or captions as follows:

., a., a. Exchange membership marks;
B. Tax (NPWP); and

.,, c. expert power names who have had a training certificate in the field of Commodity Futures Trading.

.,, (2) the invocation as referred to in paragraph (1), is asked by using the form form and its contents are set forth by Bappebti.

Section 63

Further provisions are required regarding the awarding of the registration certificate for the Trade Term set by Bappebti.

BAB IV
SENTRA FUND FUTURES

Section 64

.,, (1) The establishment of the Sentra Fund establishment between the Futures Fund Manager and the Penitipan Sentra Funds Compulsory Service is required to receive approval from Bappebti.

.,, (2) the Contract as referred to in paragraph (1), binds to all Sentra Fund participants.

Section 65

The contract, as referred to in Article 64, contains at least the following:
a. name and Manager Of The Futures Fund Sentra;
B. name and address of the Penitipan Bank Sentra Fund Term;

.,, c. the rights and obligations of the Governing Fund of the Futures Fund and the Governing Bank of the Sentra Fund (s);

., d. The term of the Cloud Service can be used as a separate offering for the Cloud Service.

e. the rights and obligations of the Sentra Fund-term participants;
f. venture plans including the goal and direction of investment policy;
G. the amount of the rewards are levied;
h. Charges are charged;

., i. a statement of good faith and the responsibility of the Sentra Fund Manager and the Maintenance Fund for the purpose of performing its duties solely for the benefit of the Sentra Fund participants.

., j. Circumstances that allow the Maintenance Manager to delay or deny the purchase of the Inclusion Certificate;

., k. the resolution of disputes arising between the relevant parties in the activities of the Sentra Fund; and

., l. Circumstances and requirements that require the Sentra-Fund Manager to cease the activities of the Sentra Fund.

Section 66

.,, (1) the consent of the agreement on the contract of the establishment of the Governing Funds as referred to in Section 64, is submitted by the Governing Sentra of the Term Fund to Bappebti accompanied by the following documents and/or captions as follows:

., a., a. The Futures Fund Manager's permission permit;

., b. The Governing Fund's approval of the Bank of Governing Funds, which is published by Bappebti;

c. financial plan and financial projection 3 (three) years;
D. The Deputy Manager's license for the Futures Fund; and
e. The prospectus used in the Sentra Fund's investment offer is available.

.,, (2) the invocation as referred to in paragraph (1), is asked by using the form form and its contents are set forth by Bappebti.

Section 67

The further provisions required regarding the Sentra Dana BerTerm are set by Bappebti.

BAB V
THE COMPENSATION FUND

The Kesatu section
The Compensation Fund Set

Section 68

.,, (1) The Term Exchange sets out the number of Compensation Funds collected from each of the Brokerage Brokers.

.,, (2) The Compensation Fund is set up by the Term Exchange of Pialang Berterm in cash and from other legitimate sources approved by Bappebti.

(3) Another legal source as referred to in paragraph (2), may be raised from:

., a., a. a portion of the cost of information services related to the contracted Contract trade;

., b. a portion of the service charge related to the contracted transaction activity; or

.,, c., some of the proceeds of the Term Exchange are set aside for the Compensation Fund and/or the results obtained from such Compensation Funds.

(4) The (4) charges imposed on the activity as referred to in verse (3) the letters a and the letter b, first must be received by Bappebti.

.,, (5) The Compensation Fund is required to be deployed to the Term Exchange at the time of submission to be a Member of the Term Exchange that is based as a Term Broker.

The Second Part
The Management and Storage Compensation Fund

Section 69

.,, (1) The Term Exchange is to form a Special Unit to manage the Compensation Fund.

.,, (2) Special Units as referred to in paragraph (1), are responsible to the Term Exchange.

.,, (3) The mandatory Compensation Fund is stored in an account made specifically to save the Compensation Fund on the Bank approved by Bappebti.

(4) Bookkeeping Compensation Fund is separated by the Term Exchange bookkeeping.

.,, (5) The financial statements of the Compensation Fund are obliged to be examined and audited by Public Accountants.

.,, (6) The slowest 3 (three) months after the end of the book year, the Compulsory Exchange is required to deliver the financial report of the Compensation Fund as referred to in paragraph (5) to Bappebti.

Section 70

.,, (1) The Term Exchange maintains a minimum amount of Compensation Funds that must be available.

.,, (2) the magnitude of the Compensation Fund which may be provided to pay for damages for damages is set by the Exchange for the approval of Bappebti with regard to the provisions of the paragraph (1).

.,, (3) damages payments as referred to in paragraph (2) may be fully provided or in part of the damages charges submitted to the Term Exchange.

Section 71

The more necessary provisions regarding the management and storage of the Compensation Fund are set by Bappebti.

The Third Part
The Use Of Compensation Funds

Section 72

.,, (1) The Compensation Fund can only be used for payment of restitution to Nasabah as a result of the injury of the Term of the Broker Appointment.

(2) The damages as referred to in paragraph (1) of the loss value.

Section 73

The damages claim to the Term Exchange may only be set up, if:

., a., a. The person in question has been making a maximum billing effort to the Term Broker who is doing the injury of the appointment;

., b. To give evidence of the promise of the covenant of the Nasabah, which is due to the promise of the covenant of the Nasabah, and the promise of the promise of God.

c. The amount of money demanded is the amount of damages that actually occurs.

Section 74

The further provisions necessary regarding the use of the Compensation Fund are set by Bappebti.

BAB VI
FUND STORAGE AT
SEPARATE ACCOUNT

Section 75

.,, (1) the Nasabah Fund, the Compensation Fund, the warranty fund, and the Sentra Fund funds are mandatory in a separate account from the agency ' s accounts that store such funds on the public bank of the bank of devisa.

.,, (2) the Bank as referred to in paragraph (1) may run the Nasabah fund-storage activities, the Compensation Fund, the warranty fund, and/or the Sentra Fund of the Term Fund, upon receiving the consent of Bappebti.

Section 76

To obtain the consent as referred to in Article 75 of the bank it is required to apply to Bappebti with the following documents:
a. basic budget;
B. Mandatory Subject Number (NPWP);
c. attempt to be a public bank with a status as a visa bank;

., d. financial report 3 (three) last year after being audited by Public Accountants;

., e. The operational guide book about the funds ' storage activities in a separate account to be performed by the bank; and

f. recommendations from the Bank of Indonesia.

Section 77

The further provisions necessary regarding the storage of funds on separate accounts are set by Bappebti.

BAB VII
EXCHANGE OF CUSTOMER ' S SERVICES TO THE EXCHANGE
FOREIGN FUTURES

Section 78

.,, (1) Nasabah ' s service delivery to the Foreign Service Exchange may only be made to the Term Exchange and the Term Contract of the list is set by Bappebti.

.,, (2) In setting the list as referred to in paragraph (1) Bappebti is conducting research on the Foreign-term Exchange and the Foreign Service Contract.

Section 79

.,, (1) In setting the list as referred to in Article 78 of the paragraph (1), Bappebti consider:

., a., a. the rules and order of the Foreign Service Exchange are concerned to provide the same protection to the Nasabah in his country and the Nasabah from abroad;

., b. Foreign-Foreign Contracting requirements and liquidity are traded; and

., c. The futures contract, as the letter b, has the benefit of the Indonesian economy.

.,, (2) Further provisions are required regarding the layout of the term of the Term Exchange listing and the Foreign-term Contract is set forth by Bappebti.

Section 80

.,, (1) The delivery of the Nasabah amanat to the Foreign Service Exchange can only be done by the Travelling Broker.

(2), (2) Alang, as referred to in verse (1), are required to receive approval from Bappebti.

.,, (3) To obtain the consent as referred to in paragraph (1), the Mandatory Broker:

., a., a. Refresh the warranty fund as specified by Bappebti;

., b. have a Deputy Broker Who Owns or understands the regulations and the order of the term Trade and Contracting Contracts traded on the country's concerned trade.

.,, (4) The request to obtain consent as referred to in paragraph (1), accompanied by the following documents and/or captions as follows:

., a., a. attempt to venture as Bappebti ' s Brokerage;

., b. a letter of agreement between the applicant with the Futures Brokerage of the Foreign Futures Clearing Agency; and

.,, c. The list of the Term Contract will be traded according to the Bappebti set list.

.,, (5) The request to obtain approval as a Term Broker can channel Nasabah ' s tonsils to the Foreign Service Exchange is filed by using the form form and its contents are set by Bappebti.

Section 81

.,, (1) The warranty grant as referred to in Section 80 of the letter (3) of the letter a, is used to pay for the Nasabah to be unsettled or unsettled to the Nasabah, which is not a result of any such warranty.

., (2) Warranty funds as referred to in Section 80 of the paragraph (3) of the letter a, returned to the Alang BerTerm, if the concerned cease the activities of the Nasabah's mandate to the Foreign Service Exchange.

(3) Tata means the warranty fund management set by Bappebti.

Section 82

The further provision required regarding the Nasabah amanat sprinklers to the Foreign Service Exchange is set by Bappebti.

BAB VIII
ORDER THE GIVING OR REJECTION
WORK PERMIT, PERMISSION, CONSENT, REGISTRATION CERTIFICATE,
AND OTHER APPROVALS

Section 83

.,, (1) the granting or rejection of any Party to obtain a business permit, permission, consent, or registration certificate of Bappebti is mandatory at least 45 days from the request received. complete by Bappebti.

.,, (2) In the timeframe as referred to in paragraph (1), Bappebti may request changes and/or additional information to supplement that request.

.,, (3) If requested changes and/or additional information as referred to in paragraph (2), then grant or rejection of the application permission, permission, consent, or registration certificate, calculated from the date of the receipt of the change and/or additional such information by Bappebti.

Section 84

The permissions as referred to in Section 83 of the paragraph (1) are provided after the party pays the fee in accordance with the applicable law.

Section 85

., (1) Futures Exchange Permit, Futures Clearing, Futures, Futures Advisory, Sentra Futures Fund Manager, and Deputy Pialang futures, deputy futures advisor, deputy manager of Sentra futures, certificates The registration of the trade-term trader, the approval of the Brokerage Agreement to channel the mandate of Nasabah to the Foreign Service Exchange, as well as the approval of the bank, apply as long as the party is still active in performing its activities.

., (2) Licensee's license, license, registration certificate, and approval as referred to in paragraph (1), are required to report on the circumstances and development of its efforts each year at Bappebti by using the form of form and Its contents are set by Bappebti.

Section 86

.,, (1) Approval or rejection of the application of the annual budget plan and use of the profit, regulation and order, term of the contract, candidate of the commissary and/or the board of directors of the term or Service of the Service, is mandatory. were given at least 60 (sixty) days since the request was received in complete by Bappebti, unless administrative regulations may be held in the absence of a rejection of Bappebti, after 10 (ten) days reported.

.,, (2) In the timeframe as referred to in paragraph (1), Bappebti may request to change the material changes to the annual budget plan and the use of profit, regulation and order, Term Contract, commissioning of the commissary and/or the board of directors The Futures Exchange or the Clearing Agencies, and/or request additional information related to the change in question.

.,, (3) If the change and/or additional information as referred to in paragraph (2), then the consent or rejection of the application of the annual budget plan and the use of the profits, regulations and order, the Term Contract, The candidate for the term of the Commissioner and/or the board of the term of the International Service, is calculated from the date of the receipt of the change and/or additional such information by Bappebti.

BAB IX
BOOKKEEPING AND REPORTING

Section 87

., (1) Futures Exchanges, Futures Clearing Agencies, Futures Brokers, Futures Advisers, and Futures Fund Managers are required to create, store, and maintain records regarding:

., a., a. organization, personnel and written documents concerning the wisdom, procedures, and work systems;

B. financial circumstances, wealth, financial obligations and rugi/laba; calculation;
c. membership data, Nasabah, client, or the participants of the Term Sentra Fund; and
D. It's a complete and systematic execution of its business activities.

.,, (2) The form of the record as referred to the verse (1) is further set by Bappebti.

., (3) Notes as referred to in paragraph (1) of the daily transaction data on the IBM Security Exchange and the completion of the transaction by the Cloud Service and its balance sheet and earnings reports, it is required to be published within a specified period of time. in accordance with the laws of the Commodity Futures Trade.

.,, (4) Notes as referred to in paragraph (1) are required to report to Bappebti in accordance with the laws in the Commodity Futures Trade.

Section 88

.,, (1) the term of the Cloud Service is subject to the terms and terms of the IBM International License and the IBM International License for the IBM International License.

., (2) Notes as referred to in paragraph (1), at least load information about date and hours of transaction, number of transactions, type of Contract, or Option, price or premium, month of submission, time of expiration, transaction of the sale Option Or buy, price, and the name of the perpetrator of the transaction.

.,, (3) Notes as referred to in paragraph (2), required to be reported to Bappebti before the trading hour began the next day.

.,, (4) The form of the report as referred to in verse (3), is set further by Bappebti.

Section 89

.,, (1) The Term Exchange is required to publish on any trading day of information about:

., a., a. Trading volume, cash-settled number of contracted transactions, open-term number of contracts, the number of open-term contracts that have been decided closed with the submission of goods, and the number of Options Implemented.

., b. the price in the opening and closing periods, the lowest selling or offering prices, the purchase price or the highest demand price, the highest and lowest transaction prices, as well as the completion price.

., (2) The form of publication as referred to in paragraph (1) is set further by Bappebti.

Section 90

.,, (1) The Statutory Clearing Institute makes, maintains, and maintains records of the contracted Contract transactions and the Options on the Term Exchange.

., (2) Notes as referred to in paragraph (1), at least load information about the date of transaction, time, number of transactions, price or premiums, month of submission or expiration date and transaction of the Option.

.,, (3) Notes as referred to in paragraph (2), required to be reported to Bappebti before the trading hour began the next day.

.,, (4) The form of the report as referred to in verse (3), is set further by Bappebti.

Section 91

The Futures Clearing Institute is required to create, store, and maintain records regarding:

., a., a. the date of receipt and return of a margin of money or a valuable letter;

B. the identity of the institution where the margin is stored separately; and

., c. the margin of the margin of a letter of value as a letter is accompanied by an explanation of the facts and circumstances that caused the thawing to be carried out and the authority to perform the thawing.

Section 92.

.,, (1) The Term Brokerage And Traders are required to create, maintain and retain all financial records correctly and in accordance with the general applicable accounting principles as well as available at any time for inspection, and transaction records, including all of the cards, memos, or recordings related to the contracted transaction activities, Options and commodities in the physical market.

., (2) Notes as referred to in paragraph (1), include all orders that have been translated, which have not been transmitted or cancelled, transaction cards, signature cards, transaction records books, journals, cash books, cheques that are cancelled, Confirm copy, copy, sell, and purchase documents, and other records made in connection with the implementation of the Service, Option, and commodities in the physical market.

., (3) For the transaction the Option must be logged in information about the time of the transaction, the transaction of the sale Option or purchase, due time, the number of transactions, the type of Option, the benchmark price, the premium, the commission, and any other fees.

Section 93

.,, (1) The Term Broker (s) who receive the mandatory mandate immediately notes in the card of the amanat, the name of the Party that gives the tonsils, account numbers and the data of the tonsils.

., (2) The card of the truss as it is referred to in paragraph (1), is mandatory immediately given the receipt of the receipt by using the equipment or the timekeeper's machine.

Section 94

.,, (1) The Compulsory Venturing makes a separate financial record for each Nasabah, covering the money in and out, and all of the Contractual Contracts on the Home and/or overseas exchanges covering the time, price, amount The transaction, and the kind of commodities.

.,, (2) The Compulsory Broker delivered confirmation of Nasabah ' s financial position, covering a range of fees issued for the transaction and its services to Nasabah daily, Tuesday at 12:00 the next day.

.,, (3) Compulsory Brokers make confirmation at least 1 (one) month to the Nasabah about the open position of the term and the current price, profit or net loss, all the Nasabah funds, and the various expenses which is charged to the Nasabah account.

Section 95

.,, (1) The Compulsory Venturing makes a financial report including adjusted net capital calculation every 3 (three) months and each year according to the form of the report set by Bappebti.

.,, (2) The quarterly financial statements as referred to in paragraph (1), are required to be delivered to Bappebti and the slowest 45 (forty-five) days after the end of the end of the reporting period.

.,, (3) the annual financial report as referred to in paragraph (1), must be audited by the Public Accountant and submitted the slowest 90 (ninety) days after the end of the report year.

Section 96.

.,, (1) The Compulsory Venturing reports to Bappebti the following circumstances:

., a., a. The brokerage firm will start, temporarily halt, re-open, or lay off its activities;

., b. The relevant broker's company, or one of the commissioners, directors, managers, or vice-brokers, is in the process of litigation, punishable by proven criminal conduct in the field of economics or finance. was declared bankruptcy by the court or committed a breach in the banking field or is in the process of completing its debt with a third party;

., c. there is a caretaker of the company of the Brokerage Firm, who performs activities beyond his authority;

., d. There is a corporate administrator or clerk who is considered unworthy of the Commodity Commodity Futures, as it is being dishonest or unfair;

., e. there is a Governing Broker in violation of the Commodity Futures Trade;

., f. There is a change in ownership of the shares of the company that exceed 10% (ten perhundred) of the total number of shares that are committed;

., g. not to meet the adjusted net capital limit as specified in the Commodity Futures Trade; or

., h. The volume of transactions of the company Pialang BerTerm for Nasabah has reached the number of mandatory reports of open-term contracts as specified in laws in the field of Commodity Futures Trading.

., (2) If the Broker is aware of the occurrence of circumstances as referred to in verse (1):

., a., a. the letters a, b, c, d, and the letter e are reported to Bappebti 5 (5) days from the known or of the date the problem occurs;

B. letter f reported to Bappebti the slowest 15 (fifteenth) days; and
c. g and letter h were reported immediately to Bappebti.

Section 97

.,, (1) Compulsory Advisors create, maintain, and store all of its activities records properly as well as available at any time to be examined.

.,, (2) The Sentra Manager of the Futures Fund is required to create, maintain, and store all records of transaction and finance activities correctly and in accordance with general applicable accounting principles as well as available at any time to be examined.

.,, (3) the Futures Fund manager submitted the Sentra Funds financial report based on the general applicable accounting principle to the participants of the 30-year-long Sentra Fund after the end of the month.

.,, (4) The form of a financial report as referred to in paragraph (3), set by Bappebti.

Section 98

The futures advisor makes, maintain and store the records as referred to in Article 97 of the paragraph (1) which includes:
a. data and information all clients;
B. all official documents and other captions;

.,, c. client recognition marks have understood the contents of the Company ' s Maturity Document;

D. all written agreements, including Risk Notices Documents;

., e. all original manuscripts or copies of the reports, letters, circuces, memos, publications, writings, and advertisements distributed to clients compiled based on the date set forth in the text; and

., f. Books and other records related to the contracted transaction transaction and transaction in the physical market performed by the Consult or the prinsipales.

Section 99

The Futures Fund Manager is required to create, maintain, and store records as referred to in Article 97 of the paragraph (2) as follows:

., a., a. Daily records of transactions performed for the Sentra Fund-such as transaction date, number, type of contract, price, month of surrender, sale or purchase, a Term broker that manages the account, the Advisor, and the profit. And the loss of the loss

., b. book or other records that indicate all receipt and expense of money, precious mail or other wealth;

.,, c. sign the recognition of the participants of the Eligible Funds Participant who has understood the contents of the Company ' s Maturity Document;

., d. Cash books and other records that indicate the name and address of each participant's Sentra Fund are accepted and the funds received and shared with the participants of any Sentra-Term Fund;

., e. a copy of the transaction confirmation and the monthly report of the Alang Broker for each of the Sentra-term Sentra;

., f. Canceled checks, bank reports, journals, cash books, proof of payment, data from computers, other data, and memos created or received related to the activities of the Sentra Fund.

., g. all original manuscripts or copies of the reports, letters, circuces, memos, publications, writings, and advertisements distributed to the participants of the Eligible Funds set based on the date set forth in the manuscript;

., h. Books and other records related to the contracted transaction transaction are performed by the Futures Fund Manager or the prinsipalnya.

Section 100

.,, (1) Any Trade-Term Merchant who controls or has a position in the number reaches the mandatory limit, is required to submit a report to Bappebti the slowest before trading hours start the next day after being known or receiving notice the state of the position.

.,, (2) The report as referred to in paragraph (1) is delivered during the merchant-run party or has a position on the level of reaching or exceeding the mandatory reporting limit.

.,, (3) The report as referred to in paragraph (2) is made in form as set forth by Bappebti.

Section 101.

The further provisions necessary regarding the bookkeeping and reporting are set by Bappebti.

BAB X
THE IMPLEMENTATION OF THE FUTURES TRADE

The Kesatu section
The Futures Brokerage Behaviour Guidelines

Section 102

The Futures Brokers are obliged to retain the Adjusted Net Capital as set by Bappebti.

Section 103

.,, (1) The Compulsory Broker knows and has data or information about his Nasaies covering the name, position and address, employment and age, financial ability, knowledge of the Commodity Futures Trade, the reason of opening the account Commodity futures trade, and other necessary information.

.,, (2) Data and information as referred to in paragraph (1) are confidential, unless required in a description and inquiry or received written consent from the Nasabah.

Section 104

.,, (1) The Term Broker is prohibited from opening an account and/or receiving the Nasabah mandate for the Commodity Futures Trade for the parties as follows:

., a., a. unable to perform legal action;

., b. which have been declared by the Court in the last 5 (five) years;

., c. that have reached the limit of positions not allowed to perform the addition of a transaction or open an account on the other-term broker;

., d. officials or employees of Bappebti, the Term Exchange, or the Abbreviated Clearing Institute;

., e. the institution ' s objects that serve the general interest, unless the concerned gets the power of the agency;

., f. who have been declared in violation of the Commodity Futures Trade by the judicial body or Bappebti; or

., g. who was negligable to fulfill its obligations within the last 3 (three) years.

(2) A mandatory BROKER:

., a., a. reject the new mandate from Nasabah who has opened a Commodities Futures Trading Account included in the category as referred to in paragraph (1), except only to liquidate its opening position;

., b. close the Nasabah account that is included in the category as referred to in paragraph (1), after all its obligations are resolved; and

., c. notifying the term of an account closing of an account as the letter b in order to be immediately informed to the other members of the Exchange.

Section 105

.,, (1) The travel broker is prohibited from opening or having an account on the other-term brokers.

.,, (2) Brokers Futures and wives or husbands who wish to participate in the Commodity Futures Trade may only open accounts on behalf of each of the Relevant Brokers in question.

Section 106

Before opening a Nasabah account for the contracted Contract transaction, the Compulsory Broker is mandatory:

., a., a. Notify and explain the details of the company contained in the Corporate Information Document, the risks faced in the Commodity Futures Trade contained in the Risk Notice Document, and the contents of the Giving Agreement Amanat whose contents and shape is set by Bappebti;

., b. provide clear and unmisleading information about the Commodity Futures Trade Procedure;

c. explain the contents of the Term Contract to be transmitted by Nasabah;

., d. receive a document as the letter referred to, which has been signed and dated by Nasabah as a sign of evidence to have understood and agreed to the document's contents and the procedure of the contracted transaction.

., e. promptly notify all of its rights, if any changes in the applicable rules; and

., f. Examining all information provided by Nasabah in the application opening request to convince the absence of errors or flaws in the filling.

Section 107

.,, (1) The Term Broker is prohibited from receiving the Nasabah mandate, if it has not received a sufficient number of margins to carry out a specific Term Contract Transaction, except the mandate for liquidation.

.,, (2) If the number of the margin requires an addition, then the Compulsory Broker notifies and asks Nasabah to add to the margin in a certain period of time according to the agreement.

.,, (3) If the Nasabah financial situation as referred to in Article 103 of the paragraph (1) is not sufficient to fulfill its obligations in the contract of a Term Contract, the Compulsory Brokers refuse the mandate of the Nasabah concerned.

.,, (4) If the requested additional margin as referred to in paragraph (2) is not met, the Brokerage May Liquidate the position of the Nasabah term in question.

Section 108.

.,, (1) Each time accepting the mandate of Nasabah to conduct a transaction over the burden of a concerned Nasabah account, the Compulsory Broker notes in the card of the amanat as set forth by Bappebti.

(2) If the mandate of the Nasabah as referred to in paragraph (1) is delivered by telephone, then the order and the talks are mandatory.

.,, (3) If the transaction has been completed, the Alang Broker immediately notified the concerned Nasabah at least two (2) business days later.

.,, (4) The Compulsory Broker delivered to Bappebti the calculation of the calculation of transaction fees or services that Nasabah had to pay for reference.

Section 109

.,, (1) The Compulsory Brokers put the Nasabah funds on a separate account in the Bank that Bappebti approved and made the ledger in accordance with the general applicable accounting system, making it easy to know the amount of funds belonging to each Nasabah.

.,, (2) If the Nasabah does not carry out the transaction within the term of 1 (one) year, then the Nasabah account in question must be closed and the account number shall not be used again.

Section 110

In channeling the amanat Nasabah, the Term broker is prohibited from doing things as follows:

., a., a. hide or change information about the Commodity Futures Trade;

., b. suggest purchasing or selling a certain type of Contract or giving a price assessment will be up or down without being based on the correct calculation with the intent that the Nasabah conduct the transaction;

.,, c. received the Nasabah mandate and completed a grant agreement outside the central office and the official branch office;

., d. leak secrets about the Nasabah amanat or other business secrets obtained in the conduct of the transaction;

e. misuse of its Nasadome funds;

., f. Provide the correct answer to the Nasabah question, thereby harming the interests of Nasabah;

., g. create, store, report and publish against the law on its activities, or make untrue statements in accounts, financial report books, and other documents required in the laws of the Applicable;

., h. Fail to address the various reports that require applicable laws;

., i. lending or borrow money from Nasabah or act as an intermediary for his Nasaans to lend or borrow money from other parties;

J. make a record error regarding the execution of the transaction;

., k. doing invalid changes made on the timestamp on a Nasabah order, transaction reports, or other documents;

., l. Executing a transaction exceeds the maximum number of limits set;

., m. carrying out a transaction for his Nasabah without the command of the Nasabah in question;

., n. not channel Nasabah's tonsils to the Stock Exchange in accordance with the command of the Nasabah;

., o. accepting the power of the Nasabah to conduct the transaction on behalf of the Nasabah concerned, except in certain circumstances set by Bappebti; or

., p. Conduct a breach of any other provisions set out in the applicable laws.

Section 111

The further provisions are required regarding the Brokerage Behaviour guidelines set by Bappebti.

The Second Part
The Futures Advisory Behaviour Guidelines

Section 112

.,, (1) the Advisor is prohibited from establishing or accepting on his behalf, funds or valuable mail as a margin for conducting a contracted transaction transaction from his client.

.,, (2) Before making a merit grant agreement, the Compulsory Consultant tells and explains to the prospective client of the information regarding:

., a., a. The company's expertise in the field of analysis of the Commodities Futures, the activities program, and its business experience as set forth in the Company's Description of the Company;

., b. The risks encountered in the Commodity Futures Trade as set forth in the Risk Notice Document;

.,, (3) The form and content of the document as referred to in paragraph (2) is set by Bappebti.

., (4) The Company ' s Proof of Interest (s) regarding the Compulsory Advisory Business must be true and not misleading as well as applicable only for a term of 6 (six) months and the next mandatory renewal.

., (5) The term of the IBM International Business Partner (s) to the IBM International Business Partner (s) and the IBM International Business Partner ("IBM") and the IBM International Business Partner ("IBM International Business Partner") and the IBM International Business Partner (" IBM

.,, (6) A prohibited-term adviser receives the power to conduct transactions on behalf of his client, except under certain circumstances set forth by Bappebti.

The Third Part
The Entra-fund Maintainer Behavior Guidelines

Section 113

.,, (1) Before receiving a person as a participant of the Sentra Futures Fund, the Sentra Manager of the Futures Fund is required to notify and explain to the candidates for the participants, information about:

., a., a. The company's expertise in the management of the Sentra Fund-term, finance, activities program, and business experience as set forth in the Company's Information Document;

., b. The risks encountered in the Commodity Futures Trade as set forth in the Risk Notice Document.

.,, (2) The form and contents of the document as referred to in paragraph (1) are set forth by Bappebti.

.,, (3) the Company ' s Proof of Maturity Management as referred to in paragraph (1) of the letter a, must be true and not misleading and applies only to a term of 6 (six) months and the next mandatory renewal.

.,, (4) The Manager of the Futures Fund must receive the Company's Information Document and the Risk Notice Documents which have been signed and given the date by the participants of the Sentra Fund, as a sign of evidence has been understood and Approve the document.

BAB XI
ADMINISTRATIVE SANCTION

Section 114.

Any party that obtained a business permit, permission, consent, or registration certificate of Bappebti committed violations of the provisions of the Commodity Futures Trade, subject to administrative sanction in form:
a. written warning;
B. administrative fines, i.e. the liability of paying a certain amount of money;
c. restrictions on business activities;
D. Freezing of business activities;
e. effort revocation;
f. revocation of permissions;
G. revocation of approval; and/or
h. revocation certificate revocation.

Section 115

.,, (1) the sanction as referred to in Article 114 of the letter b, c, d, e, f, g, or letter h may be subject to or without preceded the imposition of the written warning sanction as referred to in Article 114 of the letter a.

.,, (2) the sanction of the fine as referred to in Article 114 of the letter b may be imposed on its own or together with the imposition of the sanction as referred to in Article 114 of the letter c, d, e, f, g, or letter h.

Section 1

., (1) Any Party as referred to in Section 87 of the paragraph (1), Section 88 of the paragraph (1), Section 90 of the paragraph (1), Section 91, Section 92, Section 94, Section 94, Section 94, Section 94, Section 98, and Section 99 of the remiss of making, storing, and maintaining information records. in form and content as set forth in the applicable laws given the commemoration in writing by Bappebti.

(2) The written warning as referred to in verse (1), given as many as three (three) times.

Section 117

.,, (1) If the Party as referred to in Section 116 does not comply with the last written warning, Bappebti may appoint a consultant to conduct the company's bookkeeping.

.,, (2) The charges arising out of the assignment as referred to in paragraph (1), be the burden of the company concerned.

Section 118

Each overdue report or confirmation as referred to in Section 87 of the paragraph (4), Article 88 of the paragraph (3), Section 90 of the paragraph (3), Section 94 of the paragraph (2) and (3), Section 95, and Section 96 are subject to the sanction of the administrative fine as a result of the following. following:

., a., a. The Futures Exchange or Cliring Institution is subject to the sanction of an administrative fine of at least Rp 500,000.00 (five hundred thousand rupiah) for any delay in the delivery of the report in question provided that the overall number of fines Most Rp 500,000.000.00 (five hundred million rupiah);

., b. Futures, futures advisors, and Futures Fund Managers are charged with the most administrative fines of Rp 100,000.00 (one hundred thousand rupiah) each day the delay of the report is referred to as the sum of the number of the overall administrative fine of Rp 100.000.00 (one hundred million rupiah).

Section 119

The Futures Exchange negligation of the publication as referred to in Article 89 is subject to the most administrative fine of Rp 100,000.00 (one hundred million rupiah).

Section 120

Any party that does not reach a net capital requirement is adjusted or has reached the limit of the mandatory reporting position as referred to in Article 96 of the letter g and the letter h, and Article 100 of the paragraph (1), may be subject to restrictions on the limitations of the effort.

Section 121

The business permit of the futures exchange, the futures clearing, futures brokerage, futures advisor, the Sentra-fund manager can be frozen within a given period of time set by Bappebti, if the concerned:

., a., a. not heed the written warning that has been given by Bappebti as much as 3 (three) times;

., b. cannot maintain the financial integrity and business reputation required; or

.,, c. the company was submitted to the court for being accused of violating the laws in the field of Commodity Futures Trading.

Section 122

Business licenses, permits, approvals and registration certificates owned by any of the Parties may be revoked, if:

., a., a. The subject is condemned by a court decision that has had a fixed legal force;

., b. The party is intended to act as a violation of the terms of the Agreement and the Agreement for any other party.

., c. The Futures Exchange or the Cliring Institution is not carrying out the obligations as referred to in Article 17 or Article 27 Law No. 32 Year 1997 on Trade Commodity futures;

., d. Bappebti has a strong reason that the Deputy Secretary of the Term, or the Vice-Advisor, or the Deputy Manager of the Concerned Fund, does not carry out its activities in truth and open; or

., e. The party is intended to provide information or information that is not correct in the request of a permit or a report submitted to the Term Exchange, the Specified Clearing or Bappebti Institute.

Section 123

The permission of the deputy futures broker, the deputy futures advisor, and the Deputy Maintainer Of The Futures Fund expire if the world is dead.

Section 124

The deputy broker's permit, the deputy futures advisor, and the deputy manager of the futures fund can be frozen, if:

., a., a. Long-term brokerage, the term advisor, or the Futures Fund Manager designating them as Vice-freezes; or

., b. Representatives of the futures, the deputy futures advisor, or the deputy manager of the futures fund, were filed in the court for allegedly violating the laws of the commodities trade, and the term was accused of violating the trade laws of the commodities futures.

Section 125

The deputy broker's license, the deputy futures advisor, and the Deputy Maintainer Of The Futures Fund may be revoked, if:

., a., a. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no

B. unable to carry out its function for 6 (six) consecutive months.

Section 126

The Futures Exchange that does not store the Compensation Fund in a Separate Account at the bank approved by Bappebti, is charged with the most administrative fine of Rp 500,000.00 (five hundred million rupiah).

Section 127

Sanction of administrative fines, in addition to as referred to in Section 118 may be subject to any Party as referred to in Article 114 of the most Rp 50,000,000.00 (fifty million rupiah) for individuals and most Rp 100,000,000.00 (one hundred million rupiah) for non-individual parties, in violation of the Commodity Futures Trade.

Section 128

The imposition of administrative sanctions as referred to in Article 114 can be announced in the mass media by Bappebti.

Section 129

The further provisions are required regarding administrative sanctions as set out in this Government Regulation, set by Bappebti.

BAB XII
THE TRANSITION PROVISION

Section 130

.,, (1) Before the Statutory Clearing Institute was established under the terms of Law No. 32 of 1997 on Trade Commodity Futures and its implementation regulations, the Managing Board of the Comoditi granted the venture permission to PT (Persero) Clearing and Warranty of the Compdited Exchange as set out in the laws applicable to carry out the duties, obligations, and authority of the Service of the Clearing Institution.

.,, (2) PT (Persero) Kliring and Guarantee of the Komoditi Exchange, as referred to in paragraph (1), are required to conform to the terms of the Law Number 32 of 1997 on the Trade of Commodity Futures and its implementation rules in the term At least one (one) year after obtaining a business permit.

BAB XIII
CLOSING PROVISIONS

Section 131

Further provisions are required regarding the hosting of the Commodity Futures Trade as set out in this Government Regulation, set by Bappebti.

Section 132.

This Government Regulation shall come into effect on the date of the promulctest.

In order for everyone to know it, order the invitational of this Government Regulation with its placement in the State Sheet of the Republic of Indonesia.

.,, Set in Jakarta
on January 27, 1999
PRESIDENT OF THE REPUBLIC OF INDONESIA

BACHARUDDIN JUSUF HABIBIE

Promulgated in Jakarta
on January 27, 1999
MINISTER OF STATE SECRETARY OF STATE
REPUBLIC OF INDONESIA

AKBAR TANDJUNG

ADDITIONAL
STATE SHEET RI

No. 3805

(explanation Of State Sheet 1999 Number 16)

EXPLANATION
Above
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
Number 9 YEAR 1999
ABOUT
HOSTING TRADE
COMMODITY FUTURES

UMUM

., in order to realize the performance of the Commodity Futures in a regular, reasonable, efficient and effective manner, it needs to be set out a variety of requirements and ways to be met by any Party that performs activities in the field. Commodities Trading.

.,, Requirements and grammar are referred to in the framework of the futures exchange, the futures clearing, futures, futures advisory, the Sentra-futures fund manager, the futures trader, the futures fund, the vice-brokerage, and the vice president of the country. Futures, deputy futures advisor, deputy manager of the Sentra futures fund, and a separate hedge fund bank.

., in addition to the requirements and conditions that need to be met in the course of licensing, then the requirements and the terms of the Compensation Fund, the Fund Storage on a Separate Account, the Discourse of the Nasabah Amanat to Bursa Overseas futures, bookkeeping and Reporting, as well as the implementation of the futures trade. Furthermore, in order for the enforcement of various regulations in the field of Commodity Futures Trading, it was necessary to provide provisions for the imposition of administrative sanctions.

.,, Given many and developing the form of abuses that take place in the activities of the Trade-term, then this Government Regulation is handing out further arrangements regarding administrative sanctions to Bappebti within the boundaries of which established in this Government Regulation.

.,, in relation to these matters above and as a further definition of Law Number 32 of 1997 on the Trade of Commodity Futures, it is seen as necessary to establish a Government Regulation on the Hosting Of Futures Trading. Commodities.

SECTION BY SECTION

Section 1

.,, Verse (1)

.,, the economic function of the Term Exchange is as a means of diversion of risk through the hedge-value activity (hedging) and the establishment of price (price discovery) pricing required as a reference. The exchange must be acticued and licuid, therefore it must be many parties, either as a risk-liability (hedger) or investor in exchange on the Term Exchange.
The 11 (eleven) non-affiliated business entities are not affiliated with the other that are actipping in the transaction of the Term Exchange, which is considered sufficient to be able to carry out the activities of the Term Store reasonably (fair).

Verse (2)

., in question, the majority in this verse is that most or for example, at least six (six) of the 11 (eleven) entities must be an entity that performs business activities in the field of the commodity. Traded on the Store, while the rest was open to the business entity that attempted in other areas of business.

Verse (3)

.,, the Limited Liability-based Trading Board of businesses aims to provide a means and infrastructure that allows for its members to carry out transactions in a regular, reasonable, efficient, and transparent transaction. Thus, the main mission of the trade is not to seek profit. In the event of a profit or profit, it must be used as large as to provide ease and ease for its members in carrying out transactions.

Section 2

.,, pretty clear.

Section 3

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

.,, pretty clear

Letter i

.,, pretty clear

The letter j

.,, pretty clear

Letter k

.,, pretty clear

Letter l

.,, pretty clear

Verse (2)

.,, pretty clear

Section 4

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 5

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Section 6

.,, pretty clear.

Article 7

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Article 8

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Article 9

.,, Verse (1)

.,, in this provision included for the reelection broker ' s resignation.

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Article 10

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Article 11

.,, Verse (1)

.,, pretty clear

Verse (2)

., essentially, the Term Exchange carries a special mission that is oriented to help or support communities especially the world of effort and farmers in carrying out risk management through a hedge fund activity (hedging). can be done transparently and reasonably (fair) and the society is protected by its interests. Because it is necessary for a public figure to represent the interests of the people sitting in the membership of the commissioner. Individuals referred to among others can be from employers and governments who have a good integrity, view and understand the commodity futures trade.

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Verse (5)

.,, pretty clear

Verse (6)

.,, pretty clear

Article 12

.,, the letter a

., if the event of an event results in an expiration or termination of a particular term or partial Contract transaction activity, then the termination of the term of the Exchange is solely for the term of the Term of the Service. Concerned. In fact, physical infrastructure is like electrical interference, damage to communications, not computer-functioning as well as other activities that impede the implementation of transaction activities.

Letter b

., if a crisis in the political, economic, or financial field in the country or abroad brings an impact or interfere with the implementation of the Term Exchange of the Term Exchange, then it is first made various attempts to reduce the negative impact of the crisis. However, if the terms of the contract are passed on, it will be very detritable to the managers, perpetrators, people, and governments, and the term of the term will be discontinued.

Letter c

., in the event of a situation outside of the human ability to control it and resulting in the undoing of the well-running of the Trade activities, then the activities of the Long-term Exchange will need to be immediately terminated.

Letter d

.,, violation of the laws in the Commodity Futures Trade that results in the non-working market mechanism such as manipulation or conspiracy that may result in increasingly loss. Greater than any other perpetrator or even a society, then the term of the Term Exchange can be stopped either for a certain term or all-term contract.

Article 13

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, Expiration of the Contractual Transaction event means no price can be used for the basis of calculation and liquidation of the still open-term Contract position owned by Nasabah or other parties, for that of Bursa Futures need to set settlement prices in accordance with the laws in the Commodity Futures Trade.

Section 14

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Article 15

.,, pretty clear.

Section 16

.,, Verse (1)

.,, the correcting steps are intended to be either correcting or changing the term of the Term Contract, adding or reducing the place of submission of goods, setting a certain settlement price, setting an additional capital greater, which is be reckoned to be able to fix things and/or do savings and efficiency.

Verse (2)

.,, pretty clear

Section 17

.,, pretty clear.

Article 18

., with the termination of the Bappebti Term Exchange activities, financial and legal obligations that have been present or arising later as a result of such dismissal, remain the responsibility of the Organizing Exchange ' s organizer to be resolved in accordance with the applicable laws.

Section 19

.,, Verse (1)

.,, the Long-term Exchange Permit is revoked after Bappebti believes that the activities of the Exchange are not likely to be reactivated or may no longer benefit the economy and society.
Bappebti must first study in depth and consider the various interests related to the revocation of the business license, Nasabah, Member of the Extraction Exchange. the concerned and other related agencies.

Verse (2)

.,, pretty clear

Section 20

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 21

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Article 22

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 23

.,, pretty clear.

Section 24

.,, a Limited Perseroan Governing Body enterprise enterprise aims to support the creation of a regular, reasonable, efficient, and effective Contractual Transaction Transaction in the Term Store.
The Futures Clearing Institute is a supporting institution of the International Market in creating the smooth and ease for its members to carry out commodities transactions based on the Term-based Contract on the Term of the Exchange. Thus the primary mission of the Proper-Term Agency is not to seek profit.
The relatively inexpensive cost of service and transaction is one of the key elements in the effort to create a licuid market, as it is the Clearing Institute for which it is necessary to pay attention to the element. In the event of the remainder of the business, the remainder of the effort is required to be used as large as for the benefit of the city and the ease of clearing and clearing activities of the clearing and the members of the Clearing House of the Union. In question.

Section 25

.,, pretty clear.

Article 26

.,, pretty clear.

Section 27

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

.,, pretty clear

Letter i

.,, pretty clear

Verse (2)

.,, pretty clear

Article 28

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Article 29

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Article 30

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Article 31

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Verse (5)

.,, pretty clear

Section 32

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Verse (2)

.,, pretty clear

Section 33

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Article 34

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Section 35

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 36

.,, pretty clear.

Section 37

.,, pretty clear.

Article 38

.,, pretty clear.

Article 39

.,, pretty clear.

Section 40

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

.,, pretty clear

Letter i

.,, pretty clear

The letter j

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 41

.,, pretty clear.

Article 42

.,, Verse (1)

., referred to as the Party that controls both direct and indirect, is the commissioner, director, shareholder, or other party who has power that may affect the company ' s discretion and activities.
Letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, criminal Tindak in the field of economics among other criminal acts in the field of commerce, industry, or agriculture. A criminal offence is a criminal offense in banking, insurance, capital markets, or taxation.

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

Verse (2)

.,, pretty clear

Article 43

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Verse (2)

.,, pretty clear

Section 44

.,, pretty clear.

Section 45

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, the excluded parties from the obligation of having a business permit as the Term Advisor referred to in this Section are:

., 1) banks, bank employees, news reporters, newspapers, lawyers, accountants, teachers, Futures Brokers, Futures Fund Managers, or the Term Exchange, who do not continue to perform such activities or professions;

., 2) a party that provides advice to collective investment groups in a single entity whose control is controlled, in addition to the Sentra Fund of the Term; or

3) Other parties are excluded under the laws of the Commodity Futures Trade.

Verse (3)

.,, the broker is eligible to be at once a Term Advisor, so that in carrying out activities as a Term Advisor does not require any further venture permission as a Term Advisor.

Section 46

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 47

.,, pretty clear.

Section 48

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

Verse (2)

.,, pretty clear

Section 49

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Verse (2)

.,, pretty clear

Section 50

.,, pretty clear.

Section 51

.,, pretty clear.

Section 52

.,, pretty clear.

Section 53

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Verse (2)

.,, pretty clear

Section 54

.,, pretty clear.

Section 55

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

Verse (2)

.,, pretty clear

Section 56

.,, pretty clear.

Section 57

.,, pretty clear.

Section 58

.,, Verse (1)

.,, the expertise in this event is indicated by having a test pass the exam organized by Bappebti in the field to be dealt with.

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 59

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

., referred to as "concerned" is the company in which the Deputy Broker-term, the Vice-Advisor, and the Deputy Maintainer Of The Futures Fund will work.

Verse (2)

.,, pretty clear

Section 60

.,, pretty clear.

Section 61

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Section 62

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Verse (2)

.,, pretty clear

Article 63

.,, pretty clear.

Section 64

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 65

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

.,, pretty clear

Letter i

.,, pretty clear

The letter j

.,, the Manager of the Futures Fund may delay or decline the Repurchase of the Inclusion Certificate if the price of the Inclusion Certificate is difficult to determine due to the termination of the transaction in part or all of its term and its financial circumstances. to reach a specific limit that is not possible to buy back the Inclusion Certificate.

Letter k

.,, pretty clear

Letter l

.,, the Ongoing Fundraising Activities may cease or cease to remain, if the entire contract that is the basis of the Sentra Fund's investment is terminated or the term of the term of the term of the Sentra Fund is terminated.

Section 66

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Verse (2)

.,, pretty clear

Section 67

.,, pretty clear.

Section 68

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, the profits of the trade in its operations are obtained from various sources such as the sale of membership of the Exchange, annual dues, transaction fees, facility leases, and other service services. The remainder of the revenue after minus the expenses for the operating market must be used as large as to develop the Term Exchange by increasing the facilities and services for its members to make the Stock Exchange more efficient and more efficient. increased his integrity. One component that can improve the integrity of the Term Exchange is the amount of sufficient Compensation Funds. Therefore, the benefits of the term exchange may be set aside in part to add to the Compensation Fund.

Verse (4)

.,, pretty clear

Verse (5)

.,, pretty clear

Section 69

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Verse (5)

.,, pretty clear

Verse (6)

.,, pretty clear

Section 70

.,, Verse (1)

.,, the minimum amount of available funds is taken into account of the required funds needed to pay for damages to Nasabah.

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 71

.,, pretty clear.

Section 72

.,, Verse (1)

.,, pretty clear

Verse (2)

., in question the value of the loss is the real loss value Nasabah must receive including interest if there is, and the cost issued by the Nasabah in the process of complaint and investigation of the damages demands.

Section 73

.,, the letter a

, in order to claim damages to the exchange for the loss caused by the injury of the promise of the ventured broker, the Nasabah concerned should be able to show the evidence has attempted to charge it directly to Pialang. Futures were injured by the promise and believed that there was no good faith from the venturing to settle the case.

Letter b

.,, pretty clear

Letter c

.,, assigns charges that may be filed must be in accordance with the amount of real losses suffered plus other expenses such as interest, and expenses incurred by Nasabah relating to the complaint process and the investigation of the change charges Loss.

Section 74

.,, pretty clear.

Section 75

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 76

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

Section 77

.,, pretty clear.

Article 78

.,, Verse (1)

.,, Bappebti in setting the list of overseas exchanges while establishing the term-term Contract which may be used for the delivery of the Nasabah amanat to the Term Exchange.

Verse (2)

.,, the designation of the Overseas Exchange and its Contracted Contract by Bappebti are essentially intended to make the Nasabah in the country that will use the contracted Contract traded on the Foreign Service Exchange in question. Completely protected from things that can harm him, for example because of the terms of the Term Exchange and the clearing and guarantee, it is judged not to provide sufficient protection for the Nasabah, or the market is not licuid. For that before the List of Foreign Exchange and Contractual Contracts are established, there is first careful research, among other rules and regulations, both for both the term and the Institute. The Futures Clearing, as well as the Governing Contract and the cooperation of the Supervising Board and the Foreign Service Exchange are concerned to assist in the completion of the complaint and/or dispute Nasabah has filed.

Section 79

.,, Verse (1)

.,, the letter a

., in question, the same protection is the absence of any difference in the treatment and completion of the complaint or the demands that the Nasabah has filed, whether the Nasabah in the country is concerned or Nasabah. Foreign.

Letter b

.,, pretty clear

Letter c

.,, the Long-term Exchange Contract Transaction should essentially provide benefits to the Indonesian economy both for hedge, arbitration, and so on.

Verse (2)

.,, pretty clear

Article 80

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Verse (4)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Verse (5)

.,, pretty clear

Section 81

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 82

.,, pretty clear.

Section 83

.,, Verse (1)

., the invocation is fully accepted if the request is referred to have been supplemented with all the documents required without any request for change and/or additional information from Bappebti.

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Article 84

.,, pretty clear.

Section 85

.,, Verse (1)

.,, which is still active is the parties that obtain the permissions still carry out its activities according to their respective functions.

Verse (2)

.,, pretty clear

Section 86

.,, Verse (1)

.,, the administrative rules are the administrative directions required in the organization of the Term Exchange and the Service Clearing Agencies, such as the rules regarding etiquette in the office or the floor of the Term Exchange, the document flows, the flow of truss Nasabah, the layout of document storage, and the kearsipan.

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 87

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Article 88

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Section 89

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Verse (2)

.,, pretty clear

Article 90

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Section 91

.,, the letter a

.,, pretty clear

Letter b

.,, which is referred to by the identity of the institution where the margin is stored is the name of the bank where the Clearing Agencies are holding the margins received from the reorganization.

Letter c

.,, pretty clear

Section 92

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 93

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 94

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, referred to in the open position of the term Contract is the selling position or purchase of a term that has not yet been liquidated or due.

Section 95

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 96

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

.,, pretty clear

Verse (2)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, which is referred to as soon as the report must be delivered no later than the trading hours start the next day.

Section 97

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Section 98

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, in the Company ' s Maturity Document also there is a transaction program that must be known and understood by each of its clients.

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

Section 99

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, in the Company ' s Maturity Document also there is a transaction program that must be known and understood by any participant Sentra Dana BerTerm.

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

., referred to by other records is the account of any transaction for personal or principals from the company Manager Sentra Futures Fund covering transaction date, number, type of Contract Contract, price, month of surrender, Pialang Futures administing accounts, selling or purchasing transactions and profits or losses, including the monthly confirmation and report submitted by the Term broker.

Article 100

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Section 101

.,, pretty clear.

Section 102

.,, pretty clear.

Article 103

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 104

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Verse (2)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Section 105

.,, Verse (1)

.,, the Prohibition of opening or having an account on the other-term broker is to prevent a conspiracy that can harm Nasabah and the unlateness of transaction activities in the market is reasonable and transparent.

Verse (2)

.,, the provisions of this section are intended to make the wife or husband of the future broker employees be used to conspire to conduct a previously arranged transaction which results in the non-working market mechanism. reasonable (fair) and avoid the possibility of a transaction by a group of people or his family beyond the fixed position limit.

Section 106

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, the things to be explained regarding the term of the Term Contract include the maximum extent of the transaction, the position of entitlement of the contracted term to report, the price fluctuation limit, the margin, and the other provisions applicable.

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

Section 107

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Article 108

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Section 109

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Article 110

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

.,, pretty clear

Letter i

.,, pretty clear

The letter j

.,, pretty clear

Letter k

.,, pretty clear

Letter l

.,, pretty clear

Letter m

.,, pretty clear

Letter n

.,, pretty clear

Letter o

.,, the intended state is among other things if the Nasabah is not in place during a given period and for transactions that aim to avoid a greater loss (stop loss) in accordance with the provisions set by Bappebti.

The letter p

.,, pretty clear

Section 111

.,, pretty clear.

Article 112

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Verse (5)

.,, pretty clear

Verse (6)

.,, which means certain circumstances are among other things if the client is not in place during a given period and for transactions that aim to avoid greater loss (stop loss) in accordance with the provisions of Bappebti specified.

Section 113

.,, Verse (1)

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Verse (2)

.,, pretty clear

Verse (3)

.,, pretty clear

Verse (4)

.,, pretty clear

Article 114

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Letter f

.,, pretty clear

The letter g

.,, pretty clear

Letter h

.,, pretty clear

Section 115

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 116

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 117

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, pretty clear

Section 118

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Section 119

.,, pretty clear.

Article 120

.,, pretty clear.

Section 121

.,, the letter a

.,, pretty clear

Letter b

., in question, financial integrity is the financial capability of the company or the individual person measured from capital and/or wealth owned according to the specified requirements as well as the observance of paying all obligations in the the finance field, especially the tax payments by the concerned.
What is meant to be a good business reputation is the ability to manage businesses well and have credibility as well as good behavior, which are marked among others:
1) has never been convicted of committing a criminal offence;
2) has never entered the banking blacklist;

.,, 3) has never been declared pailit in the last 5 (five) years; and

4) has the expertise in the field of Commodity Futures Trading.

Letter c

.,, pretty clear

Section 122

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Letter c

.,, pretty clear

Letter d

.,, pretty clear

Letter e

.,, pretty clear

Section 123

.,, pretty clear.

Section 124

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Section 125

.,, the letter a

.,, pretty clear

Letter b

.,, pretty clear

Section 126

.,, pretty clear.

Section 127

.,, pretty clear.

Section 128

.,, pretty clear.

Section 129-

.,, pretty clear.

Article 130

.,, Verse (1)

.,, pretty clear

Verse (2)

.,, the Term as referred to in this verse, if deemed necessary to be extended by Bappebti.

Article 131

.,, pretty clear.

Section 132

.,, pretty clear.

Government Regulation No. 9 Of 1999

Original Language Title: Peraturan Pemerintah Nomor 9 Tahun 1999

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