- In order to realize the creation of a Sharia Securities List, as mandated under Regulation of the Financial Services Authority ("OJK") No. 35/POJK.04/2017, the OJK now has issued Circular No. No. 8/SEOJK.04/2023 on the Submission of Information by Issuers or Public Companies under the Framework for the Preparation of a List of Sharia Securities ("Circular").
- Within 30 days of the submission of periodic financial reports ("Financial Report"), issuers or public companies are required to submit necessary information in order to help with the drawing up of a Sharia Securities List, as based on the abovementioned Financial Reports. The submission of information should be conducted through the Electronic Reporting System, which can be accessed via https://spe.ojk.go.id.
- The first such information should be submitted by no later than May 20 (for financial reports submitted after 20 April), while the second submission should be completed by November 20 (for Financial Reports submitted after 21 October), as evidenced through proofs of receipt that are sent via email
- All issuers and public companies are responsible for the truth and accuracy of all sent information
- Issuers and public companies may not submit any information that is subject to the conditions and procedures set out under points 12 and 13 of this Circular.
- The Circular has been in force since 2 March 2023.
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