IDX Demands Easier Access to Capital Markets

ANT, Andin Aditya Rahman
 
The Indonesia Stock Exchange (IDX) recently submitted a request to the Financial Services Authority (OJK) to refine a number of regulations to make it easier for the general public to invest in capital markets.
 
“We have visited provinces and cities asking for public input. Many people find it difficult to be investors because they collide with the rules,” stated Friderica Widyasari Dewi, Director of Development of the IDX, in Jakarta on Thursday.
 
According to Mrs. Dewi, this problem is especially pertinent for students who are yet to obtain a Taxpayer Identification Number (NPWP), a mandatory requirement to open a securities account.
 
“We also requested that the NPWP requirement is exempted for academics, and specifically for students because it is impossible for them to borrow from their parents,” she explained.
 
To attract more investors, especially students, Mrs. Dewi added that the IDX has removed its market information fee of IDR 33 thousand per month for every customer.
 
This step was taken given that potential investment from academics has reached a potential number of 4,800 individuals, according to a recent visit to various Indonesian universities.
 
“Back then, we approached students as a part of the education program based on the long-term. Later on they will become investors. But now, many are ready to invest immediately. The majority prefer to directly invest in shares because they have studied analyses,” said Mrs. Dewi.
 
The IDX also requested further review of the know-your-customer principles which requires securities agents and potential customers to meet face-to-face,
 
“We have asked for this to be reviewed,” indicated Mrs. Dewi.
 
(hot/kc)
ANT, Andin Aditya Rahman
 
The Indonesia Stock Exchange (IDX) recently submitted a request to the Financial Services Authority (OJK) to refine a number of regulations to make it easier for the general public to invest in capital markets.
 
“We have visited provinces and cities asking for public input. Many people find it difficult to be investors because they collide with the rules,” stated Friderica Widyasari Dewi, Director of Development of the IDX, in Jakarta on Thursday.
 
According to Mrs. Dewi, this problem is especially pertinent for students who are yet to obtain a Taxpayer Identification Number (NPWP), a mandatory requirement to open a securities account.
 
“We also requested that the NPWP requirement is exempted for academics, and specifically for students because it is impossible for them to borrow from their parents,” she explained.
 
To attract more investors, especially students, Mrs. Dewi added that the IDX has removed its market information fee of IDR 33 thousand per month for every customer.
 
This step was taken given that potential investment from academics has reached a potential number of 4,800 individuals, according to a recent visit to various Indonesian universities.
 
“Back then, we approached students as a part of the education program based on the long-term. Later on they will become investors. But now, many are ready to invest immediately. The majority prefer to directly invest in shares because they have studied analyses,” said Mrs. Dewi.
 
The IDX also requested further review of the know-your-customer principles which requires securities agents and potential customers to meet face-to-face,
 
“We have asked for this to be reviewed,” indicated Mrs. Dewi.
 
(hot/kc)
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