OJK Regulation No. 5 of 2026 on the Conduct of Investment Manager Business Activities

Regulation of the Financial Services Authority Number 5 of 2026 concerning the Conduct of Investment Manager Business Activities

Abstract: This Financial Services Authority Regulation is established considering the development of the investment management industry to increase the capacity and professionalism of investment managers; the need to organize and develop the efficiency and effectiveness of investment manager business activities; and the regulation of licensing and the conduct of investment manager business activities that need to be adjusted to the needs of the investment management industry in the capital market.

The legal basis for this Financial Services Authority Regulation 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 the conduct of Investment Manager Business Activities (MIKU), Investment Manager criteria, procedures for applying for Investment Manager licensing, changes in the grouping of Investment Manager business activities, ownership and control, ongoing obligations, supervision, reporting, electronic systems for the submission of data, information, and/or reports, revocation of business licenses, dissolution of Investment Managers, and human resource quality development.

Note: This Financial Services Authority Regulation comes into force on the date of promulgation. This Financial Services Authority Regulation was promulgated on April 29, 2026, and established on April 10, 2026.

Upon the entry into force of this Financial Services Authority Regulation: a. Decision of the Chairman of the Capital Market and Financial Institution Supervisory Board Number KEP-460/BL/2008 dated November 10, 2008 concerning the Obligation to Submit Periodic Reports by Securities Companies Number X.E.1 which is its attachment; b. Decision of the Chairman of the Capital Market and Financial Institution Supervisory Board Number KEP-479/BL/2009 dated December 31, 2009 concerning Licensing of Securities Companies Conducting Business Activities as Investment Managers Number V.A.3 which is its attachment as amended in KEP-26/BL/2010 dated February 18, 2010 concerning the Amendment to the Decision of the Chairman of the Capital Market and Financial Institution Supervisory Board Number Kep-479/BI/2009 concerning licensing of Securities Companies Conducting Business Activities as Investment Managers; c. Decision of the Chairman of the Capital Market and Financial Institution Supervisory Board Number KEP-283/BL/2012 dated May 24, 2012 concerning Monthly Reports of Investment Managers Number X.N.1; d. Article 21 of the Financial Services Authority Regulation Number 10/POJK.04/2018 concerning the Implementation of Investment Manager Governance; e. Article 2 paragraph (4) of the Financial Services Authority Regulation Number 52/POJK.04/2020 concerning Maintenance and Reporting of Working Capital Adjustments; f. Article 41 paragraph (4) of the Financial Services Authority Regulation Number 3/POJK.04/2021 concerning the Conduct of Activities in the Capital Market Sector; and g. Article 66 of the Financial Services Authority Regulation Number 17/POJK.04/2022 concerning Investment Manager Code of Conduct, are revoked and declared invalid.