IDX Ready To Pocket Rp2.55 Billion If These 51 Issuers Do Not Fulfill Obligations To Submit Financial Statements For The First Quarter Of 2022

Indonesia Stock Exchange Building. (Angga Nugraha/VOI)

JAKARTA - The Indonesia Stock Exchange (IDX) has issued a second written warning and a fine of IDR 50 million to 51 listed companies or issuers. This is because the 51 issuers did not fulfill their obligation to submit interim financial statements for the first quarter of 2022.

"There are 51 listed companies which as of June 30, 2022 have not submitted their interim financial statements ending as of March 31, 2022," explained the IDX announcement on Tuesday, July 12.

To 51 listed companies, the IDX imposed a written warning II and a fine of IDR 50 million. This means that the IDX will pocket IDR 2.55 billion from the proceeds from the payment of the fine.

The deadline for submitting interim financial statements ending as of March 31, 2022 which is not audited and not reviewed on a limited basis by public accountants after written warning I and for interim financial statements ending as of March 31, 2022 which are reviewed on a limited basis by public accountants is June 30, 2022 .

The provisions III.1.1.5. Exchange Regulation No. The IE on Obligations to Submit Information regulates interim financial statements.

"Referring to provision II.6.2 of Stock Exchange Regulation No. IH concerning Sanctions, the Exchange has issued a written warning II and a fine of Rp 50 million to 51 listed companies that do not fulfill their obligation to submit interim financial statements ending on March 31, 2022 in a timely manner," confirmed the IDX announcement.