IDX Officially Submits Applications To Organize Carbon Exchange To OJK

Indonesia Stock Exchange (Photo: Doc. Antara)

JAKARTA - PT Bursa Efek Indonesia (IDX) has officially submitted a request as a carbon exchange organizer to the Financial Services Authority (OJK). This is in accordance with the provisions in the OJK Circular (SEOJK) 12/2023.

"For that, we can convey that the IDX has submitted an application as a carbon exchange organizer in accordance with the provisions in SEOJK 12/2023," said IDX Development Director Jeffrey Hendrik quoting Antara, Friday, September 8.

Jeffrey ensured that the IDX had conveyed all the requirements set out in SEOJK 12/2023, which are technical rules of the Financial Services Authority Regulation (POJK) Number 14 of 2023.

He revealed that the IDX has been preparing to be the organizer of the carbon exchange since early 2022.

Meanwhile, some of these preparations include discussing and communicating with related Ministries/Institutions (K/L), conducting studies, conducting comparative studies, preparing systems, preparing Human Resources (HR), and other preparations.

As is known, on Thursday (07/09) yesterday, the OJK issued a Circular Letter of the Financial Services Authority Number 12/SEOJK.04/2023 concerning Procedures for the Implementation of Carbon Trading through the Carbon Exchange (SEOJK 12/2023) as the technical rules of POJK Number 14 of 2023.

"The issuance of SEOJK 12/2023 is carried out to follow up on procedures for organizing carbon trading on carbon exchanges, operational and internal control of carbon exchange organizers, as well as provisions regarding the requirements and procedures for licensing carbon exchange organizers in POJK 14/2023," said Head of the Literacy, Financial Inclusion, and Communications Department of OJK Aman Santosa.

With the legal basis for the requirements and procedures for licensing carbon trading through carbon exchanges, it is hoped that it can become a legal basis, as well as guidelines for each party that will apply for a business license as a carbon exchange organizer to the OJK.

Meanwhile, these guidelines are related to documentation of business licensing requirements, procedures for application for business licenses as a carbon exchange organizer, including the operation of carbon exchange management business activities.