KPEI has removed the calculation of stock exchange transaction risk parameters for debt securities and has also further regulated the risk charge for buying requests and/or selling offers for derivative securities for futures contracts of groups of government bonds (Kontrak Berjangka Sekumpulan Surat Utang Negara/KBSSUN)

Bilateral PME transactions involve the delivery and receipt of securities by participants, both as lenders and/or loan recipients. Meanwhile, the scope of securities as objects of Bilateral PME transactions comprises shares and fixed-rate government bond series. Moreover, this circular allows for funds, deposits, stocks and fixed-rate government bond series to be used as collateral

PT Bursa Efek Indonesia is gradually reinstating trading policies that were previously in place prior to the various relaxations that were introduced during the COVID-19 pandemic

Indonesia Stock Exchange regulations will now revert to the original provisions that were in place prior to the COVID-19 pandemic, meaning that various forms of relaxation under certain conditions will no longer be available

BUMN, as one type of initiator, should comply with various general and specific requirements and procedures that relate to the submission of Project proposals to the Minister of National Development Planning/Head of the National Development Planning Agency and/or the Minister of Finance.

Several provisions that relate to asset-backed securities have also been removed, including: 1) The obligation to maintain transparency in terms of the information contained within issuers periodic and incidental reports whilst the relevant asset-backed securities are under suspension; 2) Suspensions of asset-backed securities for any issuers that fail to settle their fines within 15 calendar days of their imposition; and 3) Suspensions of asset-backed securities as a form of sanctions that may be imposed upon issuers

The following types of Members are required to fulfill various specific requirements by 15 June 2023: 1) Members who have secured approval letters for securities derivative contracts and options (e.g. Must have an electronic-based storage procedure in place for the Trading of transaction data); and 2) Members who have secured approval letters for the trading of securities derivatives contracts and who may be acting as liquidity providers for index LQ 45 and index IDX 30 Trading activities (e.g. Must have certain executors that understand the products and transaction mechanism in order to perform the above offering and purchasing of securities derivative contracts through JATS).

This decree has now extended the transition period for the imposition of a correction fee for the reporting of securities transactions, specifically data that involves a single investor identity number and the name of the seller/original owner/account owner giving up the account and the single investor identity number and name of the buyer/end owner/account owner. This transition period will now expire on 30 September 2023 (previously, a deadline of 28 February 2023 was set)

The Draft Regulation states that share buybacks can be transferred through the following schemes: 1) Sold either through the stock exchange or outside the stock exchange; 2) Withdrawn by means of capital reduction; 3) Implementation of share ownership programs by employees and/or directors and boards of commissioners; 4) Implementation of payment/settlement of a particular transaction; 5) Implementation of the conversion of convertible debt securities that have been issued; 6) Proportionate distribution of repurchased shares to shareholders; and/or 7) Other methods that have been granted OJK approvals

PT BEI has decided to add a transition period for the implementation of certain deadlines and due dates, and has also decided to impose trading transaction costs in relation to the trading of futures contracts