OJK Review Transfer Of Derivative Products From CoFTRA

Chief Executive of Capital Market Supervisory, Financial Derivative and Carbon Exchange OJK Inarno Djajadi. (Photo: Doc. ANTARA)

JAKARTA - The Financial Services Authority (OJK) has opened its voice regarding the transfer of arrangements and supervision of several derivative products from the Commodity Futures Trading Supervisory Agency (CoFTRA) to the OJK.

Chief Executive of the Capital Market Supervisory, Derivative Finance and OJK Carbon Exchange, Inarno Djajadi, said that the product transferred from CoFTRA to OJK is a derivative financial contract with underlying effects, both sharia and conventional.

"Antara lain, kontrak derivasi indek saham dan kontrak derivasi saham tunggal asing. Saat ini tim OJK sedang melakukan identifikasi dan pemajaran baik pelaku, produk, maupun infrastrukturnya," ungkapnya dalam keterangan tertulis, dikutip Jumat 12 Januari 2024.

Meanwhile, the transition of financial derivative products from CoFTRA to OJK is also still waiting for the stipulation of government regulations regarding the transfer of duties to regulate and supervise digital financial assets, including crypto assets and financial derivatives which will regulate the mechanism for transitioning financial derivative products from CoFTRA to OJK.

Regarding derivative product infrastructure, Inarno explained, currently the Indonesian capital market already has derivative trade in the form of stock option contract effects, and so on through the Indonesia Stock Exchange (IDX) as a Self Regulatory Organization (SRO) supervised by the OJK.

"OJK is still reviewing and mapping the use of derivative product infrastructure in the future," he said.