OJK Issues 3 New Regulations to Strengthen Capital Market Industry

- 22 September 2022 15:36 WIB
OJK building
OJK building

JAKARTADAILY.ID – The Indonesian Financial Services Authority (OJK) has issued three new regulations to strengthen regulation and supervision of the Capital Market industry.

The three new rules are OJK Regulation (POJK) Number 14/POJK.04/2022 concerning Submission of Periodic Financial Reports of Issuers or Public Companies, POJK Number 15/POJK.04/2022 concerning Stock Splits and Share Mergers by Public Companies, and POJK Number 17/POJK.04/2022 concerning the Code of Conduct for Investment Managers.

"The three new regulations are aimed at realizing the creation of an orderly, fair and efficient Capital Market activity as well as protecting the interests of investors and the public," said OJK Public Relations Director, Darmansyah, quoted from the ojk.go.id page, Thursday, September 22, 2022.

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POJK Number 14/POJK.04/2022 is a provision for the improvement of Indonesian Capital Market and Financial Institution Supervisory Agency (Bapepam) Regulation Number X.K.2 concerning Submission of Periodic Financial Reports of Issuers or Public Companies, attachment to Decree of the Chairman of the Capital Market and Financial Institution Supervisory Agency Number: Kep-346/BL/2011 dated July 5, 2011, concerning Submission of Periodic Financial Reports of Issuers or Public Companies that have been adjusted to the development of OJK policies and pay attention to best practices in the Capital Market (best practices), market needs and international standards.

Darmansyah said that the provision for the submission of the Issuer or Public Company Periodic Report is important because it plays a role in making shareholder decisions, especially public shareholders.

"Availability of financial reports faster to public shareholders is expected to help public shareholders to be able to make the right investment decisions," he said.

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This POJK stipulates that Issuers or Public Companies whose registration statements have been declared effective must submit Periodic Financial Reports to OJK and announce Periodic Financial Reports to the public. Submission of Periodic Financial Reports must be done through the OJK electronic reporting system.

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Editor: Suksmajati Kumara

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