OJK Gives Administrative Sanctions For 45 Capital Market Actors Until March 2024

JAKARTA - The Financial Services Authority (OJK) has imposed administrative sanctions for examining cases in the capital market for 45 perpetrators, one of whom is subject to a fine of Rp. 17,275 billion.

"Administrative sanctions in the form of fines of Rp. 17,275 billion, 13 written orders, one suspension of individual permits, and one revocation of individual permits, two written warnings," said Chief Executive of Capital Market Supervisory, Derivative Finance and OJK Carbon Exchange Inarno Djajadi at a press conference in Jakarta, quoted from Antara, Wednesday, April 3.

In the same period, the OJK also imposed administrative sanctions in the form of fines for delays with a value of Rp. 15,742 billion to 179 financial service actors in the capital market and 25 written warnings for delays in reporting reports, and imposed two administrative sanctions in the form of written warnings in addition to delays.

Inarno said that in March 2024, the OJK imposed administrative sanctions in the form of fines of Rp. 1.99 billion and/or written orders to five investment managers, one issuer, as well as one board of directors and four other parties who caused violations.

In the same month, the OJK also imposed administrative sanctions in the form of fines of Rp. 3.315 billion to 11 parties and written orders to three parties for two cases of violation in the capital market sector.

He detailed that the sanctions include administrative sanctions in the form of fines of Rp1,215 billion to eight individuals / parties as directors of securities companies and two securities companies, as well as three written orders to three individuals.

Then, administrative sanctions in the form of fines of Rp2.1 billion to one individual related to violations of Article 90 of the Law on PM on cases related to corporate bond transactions.