OJK Accelerates ICOMEX Rules Ahead of 2027 Commodity Trading

RRI.CO.ID, Jakarta - Preparations for the launch of the Indonesia Commodity Exchange (ICOMEX) are entering their final stages. The Financial Services Authority (OJK) is expediting regulatory work so the exchange for minerals and strategic commodities can begin trading in early 2027.

“The President plans to inaugurate ICOMEX on Thursday, September 17,” said Speaker of the House of Representatives’ Commission XI, Mukhamad Misbakhun, during a joint working meeting with the OJK in Jakarta on Tuesday, September 15, 2026, as quoted by Antara.

Ahead of the launch, the OJK consulted with the House regarding two draft regulations that will serve as the operational foundation for ICOMEX. The drafts govern the phased transfer of regulatory and supervisory duties over transactions, as well as the operation of the exchange.

“This effort is aimed at building trust and confidence in the market, the public, and society that we are properly carrying out the mandate set forth by the law,” Misbakhun said.

Executive Head of ICOMEX Supervision at the OJK, Sarjito, aims to have both regulations issued by September 17. Internal preparations, stakeholder coordination, and the drafting of implementing regulations will take place from September to November.

ICOMEX’s operating license is scheduled to be issued on January 1, 2027, with the first trading session set to begin on January 4, 2027.

Sarjito declined to reveal ICOMEX’s shareholders before the official announcement. “Wait for the announcement. I cannot reveal anything in advance,” he said.

Under the supervisory structure, the OJK will regulate and supervise the ICOMEX exchange, the clearing house, and transaction settlement or custodianship. The registration of buyers and sellers will fall under the exchange’s authority.

Information regarding ICOMEX’s board of directors has also not been announced because the license has not yet been issued. Prospective board members must undergo a fit‑and‑proper test with the OJK.

“Our priority is to prepare the infrastructure. The structure of PT ICOMEX and other matters will follow. The entire ecosystem must be up and running by January 4,” Sarjito said. ***