BEI to Suspend Stock Exchange Activities on Election Day

  • As mandated under Article 167 (3) of Law No. 7 of 2017 on General Elections, which states that, "Voting is carried out simultaneously on holidays or days that are closed nationally," the Financial Services Authority (Otoritas Jasa Keuangan – "OJK") issued Letter No. S-33/PM.122/2024 on 5 February 2024 on the Request for Directions Regarding the Stipulation of Exchange Holidays for the 2024 General Election ("Letter 33/2024"), which addresses the stipulation of a holiday on election day, which falls on 14 February 2024.
  • In order to reflect the above-described mandate, PT Bursa Efek Indonesia ("BEI") has stipulated that all activities related to stock exchange trading through BEI will be suspended on 14 February 2024 due to voting in the national general election.
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  • As mandated under Article 167 (3) of Law No. 7 of 2017 on General Elections, which states that, "Voting is carried out simultaneously on holidays or days that are closed nationally," the Financial Services Authority (Otoritas Jasa Keuangan – "OJK") issued Letter No. S-33/PM.122/2024 on 5 February 2024 on the Request for Directions Regarding the Stipulation of Exchange Holidays for the 2024 General Election ("Letter 33/2024"), which addresses the stipulation of a holiday on election day, which falls on 14 February 2024.
  • In order to reflect the above-described mandate, PT Bursa Efek Indonesia ("BEI") has stipulated that all activities related to stock exchange trading through BEI will be suspended on 14 February 2024 due to voting in the national general election.
......

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Rp 2.500.000

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