New Rules on Securities Transactions Introduced

As a result of the increasing complexity of securities transactions, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) recently issued Regulation No. 22/POJK.04/2019 on Securities Transactions (“Regulation 22/2019”). This new framework adjusts provisions which address securities transactions in a bid to increase the protection which is afforded to investors and capital-market players.[1]

Regulation 22/2019 repeals and replaces Decree of the Head of the Capital Market Supervisory Agency No. Kep-42/PM/1997 on Securities Transactions (“Rule III.A.10”).[2]