New Regulation for Activities of Bonds and Sharia-Bonds Securities Brokers

In a bid to ensure standards for all parties which engage in the intermediary sales activities of bonds and sharia bonds, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 9/POJK.04/2019 on Securities Brokers for Bonds and Sharia Bonds (“Regulation 9/2019”).[1] With this goal in mind, Regulation 9/2019 sets out details relating to the various activities of securities brokers for bonds and sharia bonds (Perantara Pedagang Efek untuk Efek Bersifat Utang dan Sukuk – “PPE-EBUS”) and specifically addresses the following matters: