Read publication

Recent Developments

To increase investor protection and keep up with the developments in market practice, on 18 April 2016, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan - OJK) enacted OJK Rule No. 20/POJK.04/2016 on the Licensing of Securities Companies that Undertake Business Activities as Underwriters and Broker-Dealers (OJK Rule No. 20/2016). This rule was published on OJK's website in late April 2016.

This rule replaces Rule of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) No. V.A.1 on the Licensing of Securities Companies, as attached to Decision of the Chairman of Bapepam-LK No. Kep-334/BL/2007 (Rule No. V.A.1). The provisions of OJK Rule No. 20/2016 are far more extensive and detailed than those of the previous rule and they set out more requirements and prohibitions than the previous rule.
Explore More Insight