Regulatory AlertsOJK Regulation No. 13 of 2025 on Internal Control and Conduct of Securities Companies Acting as Underwriters and Securities Brokers
The Financial Services Authority (OJK) issued Regulation No. 13 of 2025 to establish comprehensive internal control and conduct standards for securities companies acting as underwriters and brokers, addressing prior regulatory gaps and increasing business complexity. The regulation mandates specific mandatory functions, including dedicated information technology risk management and marketing partner oversight, while strictly defining prohibited behaviors and conflict of interest handling. It simultaneously repeals several previous regulations on internal control and conduct to consolidate the regulatory framework effective six months after its promulgation.
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