Rabu, Januari 10, 2024

BEI Sets the Applicable Securities Transaction Fees at the SPPA: Correction and Cancellation Fees Newly Introduced

Following the end of the transition period for the implementation of transaction fees through the Alternative Market Organizing (Sistem Penyelenggara Pasar Alternatif – "SPPA") system, which fell on 31 December 2023, the Board of Directors of PT Bursa Efek Indonesia ("BEI") has now decided to introduce provisions that apply in relation to securities transaction ("Transaction") fees that are processed through the SPPA system ("Securities Fees") through the issuance of Circular No. SE-00018/BEI/12-2023 ("Circular 19/2023"), which has been in force since 1 January 2024. The enforcement of Circular 19/2023 has now simultaneously repealed and replaced the previous framework for Transaction Fees, as outlined under Circular of the Board of Directors of BEI No. SE-00009/BEI/06-2023 ("Circular 9/2023").
At its core, Circular 19/2023 has made no significant changes to the forms of Transaction mechanisms that are subject to Transaction fees, as originally featured under Circular 9/2023. Said fees break down as follows:

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Following the end of the transition period for the implementation of transaction fees through the Alternative Market Organizing (Sistem Penyelenggara Pasar Alternatif – "SPPA") system, which fell on 31 December 2023, the Board of Directors of PT Bursa Efek Indonesia ("BEI") has now decided to introduce provisions that apply in relation to securities transaction ("Transaction") fees that are processed through the SPPA system ("Securities Fees") through the issuance of Circular No. SE-00018/BEI/12-2023 ("Circular 19/2023"), which has been in force since 1 January 2024. The enforcement of Circular 19/2023 has now simultaneously repealed and replaced the previous framework for Transaction Fees, as outlined under Circular of the Board of Directors of BEI No. SE-00009/BEI/06-2023 ("Circular 9/2023").
At its core, Circular 19/2023 has made no significant changes to the forms of Transaction mechanisms that are subject to Transaction fees, as originally featured under Circular 9/2023. Said fees break down as follows:

......