OJK prepared priority program for 2024 to develop capital markets industry

The Indonesian Financial Services Authority (OJK) has prepared a potential program for maintaining the growth of capital market industry in Indonesia.

JAKARTA -- The Indonesian Financial Services Authority (OJK) ensures that it will continue to maintain the momentum of capital market growth and development. OJK Chief Executive for Supervision of Capital Markets, Derivative Finance and Carbon Exchanges, Inarno Djajadi, confirmed that OJK has prepared several priority programs for 2024.

This priority program, said OJK, is to follow up on the Financial Sector Strengthening and Development Law (P2SK). "This is done through the preparation of derivative regulations including the implementation of carbon trading and strengthening the legal basis regarding derivative products," said Inarno, Friday (30/12/2023).

OJK increases the protection coverage of the Investor Protection Fund (DPP) for mutual funds and Crowdfunding Services (SCF). Also, OJK will increase the scope of revisions to OJK regulations regarding SCF.

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Inarno ensured that the OJK would formulate provisions regarding the provision of incentives, especially for Sustainability-Based Debt Securities and/or Sukuk Offerings.

OJK improves the quality of investment management by regulating mutual fund rankings or ratings. Likewise with the revision of OJK regulations regarding Margin Transactions and Liquidity Providers to increase transaction liquidity.

"These various priority programs certainly cannot be achieved without the support of all stakeholders in the Indonesian capital market," said Inarno.

For this reason, he appealed to all stakeholders in the capital market to maintain good synergy. This can create a capital market that is capable of driving the national economy for advanced Indonesia and sustainable development.