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KBLI Navigator/Section K/66122
KBLI 66122

Commodity Futures Brokerage

Kepialangan Perdagangan Komoditas Berjangka

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

This activity covers acting as a broker for buying and selling commodities via futures contracts, sharia derivatives, or other derivative products on behalf of clients. You collect margin funds or securities to guarantee trades, and may also represent other brokers, open branch offices, channel overseas orders, or participate in alternative trading systems.

What Changed

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

What You Need

Nationally, this KBLI is fully open for 100% foreign ownership (PMA). 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 financial services firm or experienced commodity broker seeking to offer derivatives trading and cross-border order execution to clients.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
Processing3 working days
2020 → 2025
Previous codes (KBLI 2020): 66122
Common Questions
Can foreigners operate a commodity futures brokerage business in Indonesia?
Yes. KBLI 66122 (Kepialangan Perdagangan Komoditas Berjangka) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66122?
KBLI 66122 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: 3.
What is KBLI 66122?
KBLI 66122 is the Indonesian business classification code for "Kepialangan Perdagangan Komoditas Berjangka" (Commodity Futures Brokerage). 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 66122 change from KBLI 2020 to 2025?
KBLI 66122 was mapped from previous code 66122 (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

66123Section K

Digital Financial Asset Brokerage

Kepialangan Aset Keuangan Digital

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66121Section K

Securities Brokerage (Non-Carbon)

Kepialangan Efek Selain Unit Karbon

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66124Section K

Money & Forex Market Brokerage

Kepialangan Pasar Uang dan Pasar Valuta Asing

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66119Section K

Other Financial & Commodity Market Administration

Administrasi Pasar Keuangan, Pasar Berjangka Komoditas, dan Pasar Sejenisnya Ytdl

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66125Section K★

Money Changer

Aktivitas Penukaran Valuta Asing (money Changer)

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

Self-Regulatory Organization

Aktivitas Regulator Mandiri

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

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