- A growing number of cases involving legal violations within the capital-market sector has been gaining public attention of late during this ongoing period of growth within the capital market. In response to these violations and in an effort to realize an organized, practical and efficient capital market, as well as to protect the interests of investors and the general public, the Financial Services Authority (Otoritas Jasa Keuangan – "OJK") is set to strengthen the applicable legal frameworks and supervision regime as a part of its mandate.
- As of 11 October 2022, the OJK had issued 888 sanction letters, which included two sanctions relating to revocations of Registration Letters for Professionals, two sanctions relating to the revocation of licenses, 11 sanctions relating to the temporary suspension of licenses, 85 sanctions that took the form of written reprimands and 789 sanctions that took the form of administrative fines totaling Rp. 115 billion.
- In the near future, the OJK is also planning to issue three legal frameworks that will specifically regulate the following matters: 1) Accounting treatments for transactions involving fund securities companies and accounting treatments for the sale and purchase of the bonds and stocks of securities companies; 2) A new Amendment to Regulation of the OJK No. 10 of 2018 on the Application of Investment Manager Governance; and 3) Procedures for the submission of applications for bankruptcy and suspension of debt payment obligations by securities companies.
......
Subscribe to read more legal analysis.
Hukumonline Pro Intelligence
Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda
*Syarat dan ketentuan berlaku
Ada Pertanyaan? Hubungi Kami 
Professional Solutions
University Solutions
Pro
My Workspace
Pro AI
Terfavorit
Allex QnA
Pro Compliance
