Securities Companies Conducting Business as PPE and PEE Required to Submit Various Reports to the OJK

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 8/POJK.04/2022 on Reporting for Securities Companies Conducting Business Activities as Securities Underwriters and Securities Brokers (“Regulation 8/2022”) in order to strengthen supervision within the financial services sector, which requires complete and accurate information in order to function optimally. Moreover, Regulation 8/2022 also harmonizes various provisions that address the various reports that should be submitted by securities companies as part of their business activities as securities underwriters (penjamin emisi efek – “PEE”) and securities brokers (perantara pedagang efek – “PPE”). Said provisions were previously spread across several different legal frameworks.[1]