Senin, September 18, 2023

Inclusion of Mutual Funds as Collateral Further Confirmed

The Board of Directors of PT Kliring Penjaminan Efek Indonesia ("KPEI") originally addressed the inclusion of mutual fund collective investment contracts on the list of securities that are allowed to be placed as collateral ("Mutual Funds") through the issuance of Decree of the Board of Directors of KPEI No. Kep-043/DIR/KPEI/0823 ("Decree 43/2023"). As mandated under Decree 43/2023, the Board of Directors of KPEI has now decided to clarify the implementation of Mutual Funds through the issuance of Decree No. Kep-047/DIR/KPEI/0923 ("Decree 47/2023"), which has been in force since 5 September 2023.
Decree 47/2023 confirms that the provisions that relate to Mutual Funds, as set out in Rule II-12 under the Appendix to Decree 43/2023, have been declared valid. As a consequence, the provisions on applicable securities for collateral, which were previously set out under Dictum IV to Decree 43/2023, have now been revoked.

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*Syarat dan ketentuan berlaku

The Board of Directors of PT Kliring Penjaminan Efek Indonesia ("KPEI") originally addressed the inclusion of mutual fund collective investment contracts on the list of securities that are allowed to be placed as collateral ("Mutual Funds") through the issuance of Decree of the Board of Directors of KPEI No. Kep-043/DIR/KPEI/0823 ("Decree 43/2023"). As mandated under Decree 43/2023, the Board of Directors of KPEI has now decided to clarify the implementation of Mutual Funds through the issuance of Decree No. Kep-047/DIR/KPEI/0923 ("Decree 47/2023"), which has been in force since 5 September 2023.
Decree 47/2023 confirms that the provisions that relate to Mutual Funds, as set out in Rule II-12 under the Appendix to Decree 43/2023, have been declared valid. As a consequence, the provisions on applicable securities for collateral, which were previously set out under Dictum IV to Decree 43/2023, have now been revoked.

......

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