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KBLI Navigator/Section K/66114
KBLI 66114

Alternative-Market Derivatives Trading

Penyelenggaraan Perdagangan Kontrak Derivatif di Pasar Alternatif

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect Match🏝️✅Registrable in Bali· medium conf.

Alternative-Market Derivatives Trading: Nationally Open, Not Blocked in Bali

An own-account alternative-market derivatives activity that is nationally open to 100% foreign ownership and is not blocked by Bali’s PMA moratorium.

By the numbers
Foreign-ownership ceiling
100%
Open business scales
Mikro, Kecil, Menengah, Besar
National PMA source
Perpres 10/2021, 49/2021
Bali status
OK_or_HIGHER_RISK
Bali does not block PMA registration for this activity under the stated moratorium rule.
What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

Nationally, this activity is open to 100% foreign ownership. In Bali, the island-wide moratorium (in force since 13 May 2026) only halts PMA registrations for Low and Medium-Low risk lines — this KBLI's large-scale (Besar) risk class is higher, so it is not caught: PMA registration in Bali remains possible.

Who This Is For

A foreign entrepreneur who wants to run a proprietary derivative trading operation on alternative platforms, but who is not in a rush to set up in Bali specifically.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
Processing3 working days
2020 → 2025
Previous codes (KBLI 2020): 66114
Common Questions
Can foreigners operate a alternative-market derivatives trading business in Indonesia?
Yes. KBLI 66114 (Penyelenggaraan Perdagangan Kontrak Derivatif di Pasar Alternatif) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66114?
KBLI 66114 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: 3.
What is KBLI 66114?
KBLI 66114 is the Indonesian business classification code for "Penyelenggaraan Perdagangan Kontrak Derivatif di Pasar Alternatif" (Alternative-Market Derivatives Trading). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.
How did KBLI 66114 change from KBLI 2020 to 2025?
KBLI 66114 was mapped from previous code 66114 (KBLI 2020). This is a direct match — the code number and scope remained the same. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

66115Section K

Money & Forex Market Trading Facility

Penyelenggaraan Sarana Transaksi di Pasar Uang dan Pasar Valuta Asing

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66113Section K

Digital Financial Asset Exchange

Penyelenggaraan Bursa Aset Keuangan Digital

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66116Section K

Financial Services Supervision (Non-Insurance, Non-Pension)

Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan Dana Pensiun

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66112Section K

Futures Exchange

Bursa Berjangka

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66117Section K

Self-Regulatory Organization

Aktivitas Regulator Mandiri

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66111Section K

Securities Trading System Operator

Penyelenggaraan Sistem Perdagangan Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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