Gold ETF Issuers Subject to New Electronic Gold Receipt Registration Framework: Mandatory Reconciliation and Physical Gold Verification Now Required

PT Kustodian Sentral Efek Indonesia (“ KSEI ”) has issued Rule No. II-F (“ Rule II-F ”) on the Registration of Electronic Gold Receipts (“ EGR ”) [1] at KSEI, as the Appendix to the Decree of the Board of Directors of KSEI No. KEP-0043/DIR/KSEI/0726 (“ Decree 43/2026 ”). Rule II-F and Decree 43/2026 will now serve as an implementing framework to Regulation of the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) No. 2 of 2026 (“ Regulation 2/2026 ”) [2] , which governs collective investment contract mutual funds whose participation units are traded through the stock exchange (Exchange Traded Fund) with underlying assets in the form of gold (“ Gold ETF’ ). [3]