INDONESIA: OJK Releases New Rules Regarding Internal Control and Securities Company Conduct

Tuesday July 15 2025

On 15^th July 2025, the Financial Services Authority (OJK) issued Financial Services Authority Regulation (POJK) Number 13 of 2025 concerning Internal Control and Conduct of Securities Companies Conducting Business Activities as Underwriters and Brokers, to update the internal control and conduct regulations for Underwriters (PEE) and Brokers (PPE) including Regional Securities Companies (PED) and PPE which are Marketing Partners in a more comprehensive manner.

In addition, this POJK also regulates provisions related to the implementation of risk management in the use of information technology, including the use of technology service providers, as well as licensing provisions for social media activists who collaborate with Securities Companies.

The regulations related to internal control and the behavior of Securities Companies in this POJK are expected to improve and strengthen the aspect of investor protection in the Capital Market from the aspect of improving the quality of Issuers, mitigating conflicts of interest in public offerings, strengthening the functions of PEE and PPE, as well as the use of social media in the implementation of Securities Company activities.

This POJK was promulgated on June 11^th, 2025 and will come into effect 6 (six) months from the date of promulgation, namely December 11^th, 2025.

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