Recital 7

(7)The legally binding requirements applicable to CCPs authorised in Indonesia under the supervision of OJK are laid down in Law of the Republic of Indonesia Number 8 of the Year 1995 regarding Capital Market (‘Capital Market Law’) (Undang-Undang Republik Indonesia Nomor 8 Tahun 1995 tentang Pasar Modal) ² , OJK Regulation Number 3/POJK.04/2021 concerning the Organisation of Activities in Capital Market (Peraturan OJK Nomor 3/POJK.04/2021 tentang Penyelenggaraan Kegiatan di Bidang Pasar Modal) ³ and OJK Regulation Number 22/POJK.04/2019 concerning Securities Transaction (Peraturan OJK Nomor 22/POJK.04/2019 tentang Transaksi Efek) ⁴ (hereinafter collectively referred to as ‘the primary rules’). OJK Regulation Number 22/POJK.04/2019 implements the international standards set out under the Principles for financial market infrastructures (‘PFMIs’) issued in April 2012 by the Committee on Payment and Market Infrastructure and the International Organization of Securities Commissions ⁵ .