Regulatory AlertsOJK Regulation No. 33 of 2024 on the Development and Strengthening of Investment Management in the Capital Market
The Financial Services Authority (OJK) issued Regulation No. 33 of 2024 to implement Article 24 of the Capital Market Law as amended by the Financial Sector Development and Strengthening Law. This regulation establishes specific requirements for mutual funds regarding the acceptance or provision of loans and the purchase of shares or units in corporate mutual funds or other collective investment contracts. It simultaneously repeals conflicting provisions from previous OJK regulations concerning collective investment contract mutual funds and corporate mutual fund management guidelines.
Regulation / Regulation Search / Development and Strengthening of Investment Management in the Capital Market
Sector: Capital Market
Sub-Sector: Other Regulations
Type of Regulation: OJK Regulation
Regulation Number: 33 of 2024
Effective Date: 12/23/2024
Appendix 1 POJK 33 of 2024 Development and Strengthening of Investment Management in the Capital Market.pdf Abstract of POJK 33 of 2024 Development and Strengthening of Investment Management in the Capital Market.pdf FAQ of POJK 33 of 2024 Development and Strengthening of Investment Management in the Capital Market.pdf
Page Content Regulation of the Financial Services Authority of the Republic of Indonesia Number 33 of 2024 concerning the Development and Strengthening of Investment Management in the Capital Market Abstract: The issuance of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector is expected to provide a positive contribution and support inclusive and sustainable economic growth towards a prosperous, advanced, dignified, trusted Indonesia, as well as to answer and provide regulatory solutions at the Law level for implementation constraints where Law Number 8 of 1995 concerning the Capital Market is considered no longer fully able to meet the needs of legal development and the needs of the Capital Market industry community, thus less supporting the realization of an efficient Indonesian Capital Market with global competitiveness. This Financial Services Authority Regulation is an implementing regulation of Article 24 of Law Number 8 of 1995 concerning the Capital Market as amended by Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector, which relates to Investment Management in the Capital Market. The legal basis for this Financial Services Authority Regulation (POJK) is: Law No. 8 of 1995 as amended by Law No. 4 of 2023; and Law No. 21 of 2011 as amended by Law No. 4 of 2023. This Financial Services Authority Regulation regulates, among other things, the requirements for Mutual Funds when conducting: a. acceptance and/or providing loans; and b. purchase of shares of Mutual Funds in the form of a Corporation and/or Units of Mutual Funds in the form of other Collective Investment Contracts. Note: This Financial Services Authority Regulation was established on December 19, 2024. This Financial Services Authority Regulation was enacted on December 23, 2024. This Financial Services Authority Regulation takes effect on the date of enactment. Upon the entry into force of this Financial Services Authority Regulation: a. Article 6 paragraph (1) letter p and letter q of Financial Services Authority Regulation Number 23/POJK.04/2016 concerning Mutual Funds in the Form of Collective Investment Contracts; Page 1 of 2 https://jdih.ojk.go.id
b. Article 3 letter m of Financial Services Authority Regulation Number 32/POJK.04/2017 concerning Guidelines for Contracts for the Management of Mutual Funds in the Form of Corporations; and c. Article 15 letter m of Financial Services Authority Regulation Number 33/POJK.04/2017 concerning Guidelines for the Management of Mutual Funds in the Form of Corporations, are repealed and declared invalid.