OJK Tightens Investment on Pension Fund

The Financial Services Authority (“OJK”) has issued Regulation No. 3/POJK.05/2015 on Pension Fund Investment (“2015 Regulation”). The stated aim of the 2015 Regulation is to allow pension fund providers to invest the necessary funds for optimum results, while at the same ensuring the success of pension programs in Indonesia.

To that end, the 2015 Regulation provides provisions on managing investment activities by pension funds established by an employer (Dana Pensiun Pemberi Kerja/”DPPK”)[1] or a financial services institution (Dana Pensiun Lembaga Keuangan/”DPLK”)[2] (together referred to as “Pension Fund Organizers”), covering: