Regulatory AlertsOpen Company Share Repurchase Due to Cancellation of Effect Listing by the Stock Exchange Because of Significant Conditions or Events Negatively Affecting Business Continuity
The Financial Services Authority (OJK) of Indonesia issued Circular Letter No. 13/SEOJK.04/2023 to regulate the repurchase of shares by open companies when their listing is cancelled due to significant conditions or events negatively affecting business continuity. This regulation establishes the procedural framework and requirements for such share repurchases to ensure orderly market conduct and protect shareholder interests during delisting scenarios. It serves as the primary guidance for listed entities facing delisting risks stemming from severe operational or financial disruptions.
Circular Letter of the Financial Services Authority of the Republic of Indonesia Number 13 /SEOJK.04/2023 concerning Share Repurchase of Open Companies Due to Cancellation of Effect Listing by the Stock Exchange Because of Significant Conditions or Events Negatively Affecting Business Continuity.