OJK Fines Investment Manager And Naughty Issuers Worth IDR 475 Million

Illustration (Photo: Doc Antara)

JAKARTA - The Financial Services Authority (OJK) revealed that it had imposed administrative sanctions on a number of investment managers and one issuer on July 31. The witness was given in the form of a fine of Rp475 million.

This was revealed by the Chief Executive of the Capital Market Supervisory, OJK's Derivative Finance & Carbon Exchange Inarno Djajadi in a virtual press conference, Monday, August 5.

Inarno explained that the imposition of the fine was carried out in the context of enforcing parties who violated the capital market sector.

"In the context of enforcing provisions in the capital market sector in July 2024, OJK among others has imposed administrative sanctions in the form of fines for cases of two investment management and one issuer amounting to Rp475 million," he said.

Inarno also said that as a measure to anticipate violations in the capital market, OJK has also issued policies related to bonds and regional sukuk.

Furthermore, Inarno said that the policy was contained in POJK number 10 of 2024 concerning the Issuance and Reporting of Regional Bonds and Regional Sukuk.

"As an effort to overcome the obstacles of issuing bonds or regional tribes and replacing, combining and revoking the implementation of the three POJK existings," he explained.

In addition, Inarno said, his party also prepared provisions related to the capital market industry, including the first one being the RPOJK for the development and strengthening of transactions and securities institutions.

Then, the RPOJK liquidity provider as a follow-up to the P2SK law.

"And to increase liquidity of securities transactions in the measured and regular capital market," he said.