Implementing Provisions on Continuous Education Programs for Capital Market Related Professions

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) now obliges underwriter representatives and brokerage dealers to upgrade their skills in order to be able to extend their licenses.[1] To this end, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has recently issued Circular Letter No. 45/SEOJK.04/2016 on the Organization of Continuing Education Programs for Underwriter Representatives and Brokerage Dealers (“Circular Letter 45/2016”) to provide further guidelines towards the implementation of  this obligation, and which sets out provisions concerning the following matters: