Acknowledgment of Securities Company Associations Acting as Underwriters and Securities Brokers

To:
The Board of Directors of Securities Companies conducting business as Underwriters and/or Securities Brokers at your place.

COPY

CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY NUMBER 19 /SEOJK.04/2017

CONCERNING

ACKNOWLEDGMENT OF SECURITIES COMPANY ASSOCIATIONS CONDUCTING BUSINESS AS UNDERWRITERS AND SECURITIES BROKERS

In order to implement the provisions of Article 58 paragraph (4) of Financial Services Authority Regulation Number 20/POJK.04/2016 concerning Licensing of Securities Companies Conducting Business as Underwriters and Securities Brokers (State Gazette of the Republic of Indonesia Year 2016 Number 66, Supplement to the State Gazette of the Republic of Indonesia Number 5868), it is necessary to regulate regarding the acknowledgment of Securities Company Associations conducting business as Underwriters and/or Securities Brokers in this Financial Services Authority Circular Letter as follows:

I. GENERAL PROVISIONS

In this Financial Services Authority Circular Letter, the following terms are meant:

Underwriter is a Party that makes a contract with an Issuer to conduct a Public Offering for the benefit of the Issuer with or without the obligation to purchase the remaining Securities that are not sold.
Securities Broker is a Party that conducts business activities of buying and selling Securities for its own benefit or for the benefit of other Parties.
Securities Company Association, hereinafter referred to as PE Association, is a legal entity in the form of an association consisting of Securities Companies conducting business as Underwriters and/or Securities Brokers.
Member of the PE Association, hereinafter referred to as Member, is a Securities Company that has obtained a license as an Underwriter and/or Securities Broker from the Financial Services Authority and has rights and obligations in accordance with the articles of association, bylaws, and internal regulations of the PE Association.

II. REQUIREMENTS FOR SECURITIES COMPANY ASSOCIATIONS TO OBTAIN ACKNOWLEDGMENT FROM THE FINANCIAL SERVICES AUTHORITY

To obtain acknowledgment from the Financial Services Authority, the PE Association must meet the following requirements:

has obtained approval as a legal entity in the form of an association from the competent Government agency;
has at least 1/2 (one half) of the total number of Securities Companies that have business licenses as Underwriters and/or Securities Brokers;
has a PE Association code of ethics;
has a PE Association organizational structure;
has a management structure, at least consisting of a chairman or other title, secretary or other title, and treasurer or other title;
has working committees responsible at least for the functions:
a. research and development; b. ethical supervision; and
c. implementation of PE Association activities;
has standard operating procedures for the implementation of PE Association activities, at least covering:
a. the implementation of continuing education for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers; and

b. the implementation of other education and/or training that enhances the competence and skills of members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers;
has membership regulations, at least containing:
a. requirements and procedures for admission and dismissal of Members; b. membership limitations in similar PE Associations where a Member can only become a member of 1 (one) PE Association;
c. rights and obligations of Members;
d. management and membership of the PE Association; e. funding of PE Association activities; f. membership fees; g. sanctions; and h. procedures for Members to submit objections to the PE Association regarding sanctions imposed by the PE Association;
has a PE Association activity plan, at least covering:
a. the organization of continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers; and

b. the organization of other education and/or training that enhances the competence and skills of members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers;
has an adequate internal control system, at least containing:
a. supervision of conflict of interest risks in the implementation of tasks and functions of the PE Association;

b. supervision of Members in implementing the code of ethics; and
c. supervision in the implementation of periodic and continuous evaluations of the implementation of PE Association activities;
has a Member database that at least contains:
a. name of the Securities Company conducting business as an Underwriter and/or Securities Broker; b. license number of the Securities Company conducting business as an Underwriter and/or Securities Broker;
c. headquarters address;
d. address of offices in locations other than the headquarters; and e. telephone number; and
has or controls adequate facilities and infrastructure, at least consisting of:
a. a building or room as the location of the PE Association office; and b. other supporting facilities such as computers, telephones, fax, and email and has a website with an Indonesian domain name containing general information about the PE Association that can be accessed by the public.

III. PROCEDURES FOR APPLICATION FOR ACKNOWLEDGMENT OF SECURITIES COMPANY ASSOCIATIONS

An application for acknowledgment as a PE Association is submitted by the applicant in the form of printed documents to the Financial Services Authority in accordance with the format of the Application Letter for Acknowledgment of Securities Company Associations Conducting Business as Underwriters and Securities Brokers as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
In the event that the Financial Services Authority has provided an electronic system, the application for acknowledgment as a PE Association can be submitted through that electronic system.
Applications for acknowledgment as a PE Association as referred to in item 1 and item 2 must be accompanied by the following document completeness:
a. photocopy of the document approving the PE Association as a legal entity in the form of an association from the competent Government agency, along with the latest changes to the articles of association that have obtained approval or have issued a notice of acceptance of changes to the articles of association from the competent agency (if any);

b. data of Securities Companies conducting business as Underwriters and/or Securities Brokers registered as Members at least 1/2 (one half) of the total number of Securities Companies conducting business as Underwriters and/or Securities Brokers at the time of submission to the Financial Services Authority in accordance with the format of Data of Securities Companies as Members of Securities Company Associations Conducting Business as Underwriters and/or Securities Brokers as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter;

c. copy of the PE Association code of ethics;

d. organizational structure of the PE Association as well as the composition of the management and working committees of the PE Association accompanied by documents:
1) latest signed curriculum vitae;
2) photocopy of valid Identity Cards or Passports;
3) latest color photos size 4x6 cm with a red background amounting to 1 (one) sheet; and
4) statement of integrity in accordance with the format of the Statement of Integrity as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter;

for each member of the management and leaders of the working committees of the PE Association;

e. standard operating procedures for the implementation of PE Association activities, at least covering:
1) the implementation of continuing education for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers; and
```
 2) the implementation of other education and/or training that enhances the competence and skills of members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers;
```
f. copy of PE Association membership regulations, at least containing:
1) requirements and procedures for admission and dismissal of Members;
2) membership limitations in similar PE Associations where a Member can only become a member of 1 (one) PE Association;
3) rights and obligations of Members;
4) management and membership of the PE Association;
5) funding of PE Association activities;
6) membership fees;
7) sanctions; and
8) procedures for Members to submit objections to the PE Association regarding sanctions imposed by the PE Association;

g. PE Association activity plan, at least covering:
1) the organization of continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers; and
```
 2) the organization of other education and/or training that enhances the competence and skills of members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers;
```
h. documents related to an adequate internal control system, at least containing:
1) supervision of conflict of interest risks in the implementation of tasks and functions of the PE Association;
```
 2) supervision of Members in implementing the code of ethics; and  
 3) supervision in the implementation of periodic and continuous evaluations of the implementation of PE Association activities;
```
i. documents related to the Member database;

j. domicile letter from the building manager or competent agency;

k. photocopy of proof of ownership or lease agreement for the PE Association office; and

l. list of employee names other than management accompanied by their functions (if any).
In the event that the application for acknowledgment is submitted by the applicant in the form of printed documents to the Financial Services Authority as referred to in item 1, the application documents for acknowledgment as a PE Association as referred to in item 1 and item 3 must also be prepared in digital format and submitted to the Financial Services Authority using digital media such as compact disk or others.
In order to process the application for acknowledgment as a PE Association, the Financial Services Authority reviews the completeness of the application documents.
In order to assess the readiness of the applicant as a PE Association, the Financial Services Authority is authorized to:
a. conduct inspections at the PE Association office; b. request the PE Association to present the PE Association activity plan; and/or
c. request data and information that are needed.
Acknowledgment of the PE Association is given by the Financial Services Authority at the latest 20 (twenty) working days after the receipt of the acknowledgment application for the PE Association that meets the requirements.
In the event that the application for acknowledgment as a PE Association does not meet the requirements at the time of receipt, at the latest 20 (twenty) working days after the receipt of the application, the Financial Services Authority provides a notification letter to the applicant stating:
a. the application does not yet meet the requirements; or b. the application is rejected because it does not meet the requirements.
In the event that the application for acknowledgment as a PE Association does not yet meet the requirements, the applicant is required to complete the deficiencies required in the notification letter as referred to in item 8 letter a at the latest 20 (twenty) working days after the date of the notification letter.
The submission of document changes, additional information, and/or completeness of missing requirements as referred to in item 9 is considered to have been received by the Financial Services Authority on the date of receipt of the document changes, additional information, and/or completeness of missing requirements.
Since the receipt of document changes, additional information, and/or completeness of missing requirements as referred to in item 10, the application for acknowledgment as a PE Association is considered newly received by the Financial Services Authority and processed as referred to in item 7.
Applicants who do not complete the deficiencies required within the time limit as referred to in item 9 are considered to have cancelled the application for acknowledgment as a PE Association that has been submitted to the Financial Services Authority.

IV. DUTIES, AUTHORITIES, AND PROHIBITIONS OF SECURITIES COMPANY ASSOCIATIONS

PE Associations that have obtained acknowledgment from the Financial Services Authority have the following duties and authorities:
a. organize continuing education for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers in accordance with the established curriculum;

b. organize other education and/or training to enhance the competence and skills of members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers;

c. conduct monitoring and evaluation periodically every 6 (six) months regarding the implementation of PE Association activities;

d. establish PE Association membership regulations;

e. establish and enforce the code of ethics for Members;

f. ensure Members comply with PE Association membership regulations and the Member code of ethics;

g. update the Member database if there are changes in Member data; and

h. establish other matters that support PE Association activities.
PE Associations that have obtained acknowledgment from the Financial Services Authority are prohibited from:
a. giving different treatment to Members; and/or b. taking actions that contradict their duties and authorities as referred to in this Financial Services Authority Circular Letter, the articles of association, bylaws, and internal regulations of the PE Association.

V. FUNDING SOURCES

In order to support its activities, PE Associations can obtain funding from:
a. registration fees and regular membership dues;

b. continuing education fees for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers;

c. fees for organizing other education and/or training that enhance competence and skills, such as workshops, seminars, and/or training related to underwriting and securities brokerage;

d. other sources as long as established in the articles of association, bylaws, and/or internal regulations of the PE Association as long as they do not contradict legislation.
PE Associations are required to create financial accountability reports to Members at least 1 (one) time in 1 (one) year.

VI. REPORTING

PE Associations that have obtained acknowledgment from the Financial Services Authority are required to submit reports to the Financial Services Authority:
a. annual activity plan report, at the latest on every January 12, in accordance with the format of the Annual Activity Plan Report, as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter;

b. report on admission and/or dismissal of Members, at the latest 7 (seven) working days since the admission and/or dismissal of Members occurred, in accordance with the format of the Report on Admission and/or Dismissal of Members, as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter;

c. mid-year activity realization report, at the latest on every January 12 and July 12 in accordance with the format of the Mid-Year Activity Realization Report, as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter;

d. report on changes to the PE Association office address, at the latest 7 (seven) working days since the change occurred (if any); and

e. report on changes to the articles of association, bylaws, PE Association management structure, and/or working committees, at the latest 30 (thirty) days since the change occurred (if any).
The Financial Services Authority may request the PE Association to make adjustments to the annual activity plan report as referred to in item 1 letter a that has been submitted, including but not limited to the syllabus or material of continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers.
In order to submit the mid-year activity realization report to the Financial Services Authority, in addition to using the format of the Mid-Year Activity Realization Report as referred to in item 1 letter c, the PE Association is also required to submit a report on the list of certificates of continuing education programs for members of the Board of Directors and members of the Board of Commissioners issued as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter, accompanied by supporting documents in the form of proof of attendance of participants in the continuing education program for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers.
Reports on the organization of continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers which are part of the mid-year activity realization report as referred to in item 1 letter c must meet the following provisions:
a. for continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers with face-to-face methods, at least containing:
1) name of the institution or agency organizing the continuing education program for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers;
```
 2) place and time of the activity;

 3) syllabus or material of the continuing education program for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers; and

 4) attendance list or register of participants in the continuing education program for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers; and
```
b. for continuing education programs for members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers in forms other than face-to-face, at least containing:
1) name of the institution or agency organizing the continuing education program for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers; and
```
 2) report on the fulfillment of the continuing education program for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Underwriters and/or Securities Brokers.
```
In the event that the deadline for submitting reports as referred to in item 1 letter a, letter c, and letter e falls on a holiday, the reports are submitted at the latest on 1 (one) working day following.
Reports as referred to in item 1 are submitted to the Financial Services Authority in the form of printed documents and can also be prepared in digital format using digital media such as compact disk or others.
In the event that the Financial Services Authority has provided an electronic system, reporting as referred to in item 1 can be submitted through that electronic system.
The Financial Services Authority may at any time request the PE Association to submit a report on the results of internal control as referred to in item II item 10 to the Financial Services Authority.

VII. REVOCATION OF ACKNOWLEDGMENT OF SECURITIES COMPANY ASSOCIATIONS

The acknowledgment letter as a PE Association becomes invalid if:
a. the legal entity of the PE Association is dissolved; and/or b. the legal entity status of the PE Association is revoked by the competent Government agency.
The Financial Services Authority may revoke the PE Association acknowledgment letter if there are the following matters:
a. the PE Association returns the PE Association acknowledgment letter it possesses;

b. the PE Association office cannot be found;

c. the PE Association violates this Financial Services Authority Circular Letter;

d. the PE Association does not carry out duties for 12 (twelve) consecutive months;

e. the PE Association has received 3 (three) warning letters, but within 1 (one) month since the issuance of the third warning letter does not meet the provisions as contained in the content of the warning letter; and/or

f. does not meet the requirements as referred to in item II.
In the event that the revocation of the PE Association acknowledgment letter is caused by the PE Association returning the acknowledgment letter as referred to in item 2 letter a, the PE Association is required to submit a letter requesting the return of the acknowledgment letter as a PE Association to the Financial Services Authority accompanied by documents as follows:
a. information regarding the reasons for the return of the acknowledgment letter;

b. the acknowledgment letter as a PE Association by the Financial Services Authority;

c. statement of accountability letter from the PE Association management regarding the obligations of the PE Association to third parties and/or Members; and

d. decision letter from the Member meeting result approving the return of the acknowledgment letter as a PE Association by the Financial Services Authority.
In the event that the revocation of the PE Association acknowledgment letter is caused by the provisions as referred to in item 2 letter b to letter f, the PE Association is required to settle its obligations to Members and/or third parties.
The invalidity of the PE Association acknowledgment letter as referred to in item 1 and the revocation of the PE Association acknowledgment letter as referred to in item 2 can be announced by

Otoritas Jasa Keuangan through mass media.

VIII. OTHER PROVISIONS

Members may submit an objection request regarding the imposition of membership termination sanctions to the Securities Association (PE Association) no later than 20 (twenty) working days since the issuance of the membership termination letter by the PE Association.
The PE Association issues a decision on the objection request regarding the imposition of membership termination sanctions submitted by the Member, no later than 20 (twenty) working days since the receipt of the objection request as referred to in item 1.
In the event that the PE Association rejects the objection request submitted by the Member, the Member may submit an objection request to the Otoritas Jasa Keuangan (OJK) no later than 20 (twenty) working days since the rejection of the Member's objection request by the PE Association.
Members undergoing the process as referred to in items 1, 2, and 3, until the OJK issues a decision on the Member's objection request, are considered to still meet the provisions of Article 58 paragraph (1) of the Otoritas Jasa Keuangan Regulation regarding Licensing of Securities Companies Conducting Business as Issuance Underwriters and Securities Trading Brokers.

IX. TRANSITIONAL PROVISIONS

The obligation to submit annual activity plan reports by the PE Association to the OJK as referred to in item VI item 1 letter a, does not apply in the event that the PE Association is recognized by the OJK after January 12.

This copy is consistent with the original
Legal Director 1
Legal Department signed
Yuliana

X. CLOSING PROVISIONS

This Otoritas Jasa Keuangan Circular Letter takes effect on the date it is established.

Established in Jakarta on May 23, 2017
EXECUTIVE HEAD
CAPITAL MARKET SUPERVISOR, signed
NURHAIDA

-1---1-1-
APPENDIX
OTORITAS JASA KEUANGAN CIRCULAR LETTER
NUMBER 19 /SEOJK.04/2017
REGARDING
RECOGNITION OF SECURITIES COMPANY ASSOCIATIONS CONDUCTING BUSINESS AS ISSUANCE UNDERWRITERS AND SECURITIES TRADING BROKERS

APPLICATION FOR RECOGNITION
OF SECURITIES COMPANY ASSOCIATIONS CONDUCTING BUSINESS AS ISSUANCE UNDERWRITERS AND SECURITIES TRADING BROKERS

Number : ....., ........................... 20....
Attachments :
Subject : Application for Recognition
Securities Company Association Conducting Business as Issuance Underwriter and Securities Trading Broker

To
The Executive Head
Capital Market Supervisor
Otoritas Jasa Keuangan in Jakarta

I, the undersigned below:

Name : ………………………………………………...........
Address : ………………………………………………...........
………………………………………………...........
(street name and number)
……………………………………..........…- 
(city and postal code)
Telephone Number : ………………………………………………...........

Hereby on behalf of*):

Association Name : ………………………………………………...........
Full Address : ………………………………………………...........
(street name and number)
……………………………………..........…- 
(city and postal code)
Telephone Number : ………………………………………………...........
Number and date of deed :
establishment following amendment of articles of association
………………………………………………...........
………………………………………………...........
Number and date
of approval/agreement
/notification from the Minister who conducts government affairs in the field of law and human rights
: ………………………………………………...........
………………………………………………...........
………………………………………………...........
………………………………………………...........
………………………………………………...........
………………………………………………...........

submits an application for recognition of the Securities Company Association conducting business as an Issuance Underwriter and Securities Trading Broker. To complete this application, we attach the following documents:

photocopy of the document approving the Securities Company Association as a legal entity in the form of an association from the competent Government agency, along with the latest amendment of the articles of association that has received approval or has been issued a notification acceptance letter for the amendment of the articles of association from the competent agency (if any);
data of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers registered as Members totaling at least 1/2 (one half) of the total number of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers at the time of submission to the Otoritas Jasa Keuangan according to the format Data of Securities Companies as Members of PE Associations Conducting Business as Issuance Underwriters and/or Securities Trading Brokers as stated in the Appendix of the Otoritas Jasa Keuangan Circular Letter regarding Recognition of Securities Company Associations Conducting Business as Issuance Underwriters and Securities Trading Brokers;
copy of the Code of Ethics of the Securities Company Association;
organizational structure of the Securities Company Association along with the composition of the board of directors and working committees of the Securities Company Association completed with documents:
a. latest signed curriculum vitae; b. photocopy of valid Identity Card or Passport;
c. latest color photo size 4x6 cm with a red background consisting of 1 (one) sheet; and
d. integrity statement according to the format of the Integrity Statement Letter as stated in the Otoritas Jasa Keuangan Circular Letter regarding Recognition of Securities Company Associations Conducting Business as Issuance Underwriters and Securities Trading Brokers; for each board member and committee leadership of the PE Association;
standard operating procedures for the implementation of activities of the Securities Company Association, at least including:
a. the implementation of continuing education for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers; and b. the implementation of other education and/or training that enhances the competence and expertise of members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers;
copy of the membership regulations of the Securities Company Association, at least containing:
a. requirements and procedures for acceptance and termination of Members; b. membership limitations on similar PE Associations where Members can only become members of 1 (one) PE Association;
c. rights and obligations of Members;
d. management and membership of PE Associations; e. funding of PE Association activities; f. membership fees; and g. sanctions;

h. procedures for submitting Member objections to the PE Association regarding sanctions imposed by the PE Association.
activity plan of the Securities Company Association, at least including:
a. the implementation of continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers; and b. the implementation of other education and/or training that enhances the competence and expertise of members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers;
documents related to the internal control system, at least containing:
a. supervision of conflict of interest risks in the implementation of tasks and functions of the Securities Company Association; b. supervision of Members in implementing the code of ethics; and
c. supervision in the context of conducting periodic and continuous evaluations of the implementation of activities of the Securities Company Association;
documents related to the Member database;
domicile letter from the building manager or competent agency;
photocopy of proof of ownership or lease agreement for the office of the Securities Company Association; and
list of employee names other than board members along with their functions (if any).

This application is submitted, and we thank you for your attention.

Chairman of the Association,
...........................................
(clear name and signature)

Note:
*) the competent party representing the PE Association or its proxy stamp

DATA OF SECURITIES COMPANIES AS MEMBERS OF PE ASSOCIATIONS CONDUCTING BUSINESS AS ISSUANCE UNDERWRITERS AND/OR SECURITIES TRADING BROKERS

As of: date/month/year
No.
Name
Securities Company
Securities Company License
Conducting Business as Issuance
Underwriter and/or
Securities Trading Broker
Address
Head Office
Registration Date
Number of Decision
Letter
Date of
Decision Letter

.........., ...................... 20.......
(place and date)

Chairman of the Association,
...........................................
(clear name and signature)

INTEGRITY STATEMENT LETTER

I, the undersigned below:
Name : ………………………………………………...........
Position : ………………………………………………...........
Address : ………………………………………………...........
………………………………………………...........
(street name and number)
……………………………………..........…- 
(city and postal code)
Telephone Number : ………………………………………………...........

hereby state that I:
a. have good character and morality; b. capable/incapable*) performing legal acts;
c. have/have not*) committed disgraceful acts and/or been punished for proven criminal offenses in the financial services sector;
d. have/have not*) been subject to license revocation, approval cancellation, and/or registration cancellation sanctions by the Otoritas Jasa Keuangan during the last 3 (three) years; e. have/have not*) been declared bankrupt or served as a manager whose fault caused a company to be declared bankrupt; and f. have a high commitment to comply with laws and regulations.

This statement is made truthfully so that it can be used as appropriate.

.........., ...................... 20.......
(place and date)

Applicant,
..............................................
(clear name and signature)

Note:
*) strike out what is unnecessary stamp

ANNUAL ACTIVITY PLAN REPORT
YEAR....

Number : ....., ........................... 20....
Attachments :
Subject : Annual Activity Plan Report for Year ......
To
The Executive Head
Capital Market Supervisor
Otoritas Jasa Keuangan in Jakarta
Up. Director of Supervision
Securities Agency
Association Name : ................................
The annual activity plan for year .......... is as follows:
No. Activity Plan Implementation Period
Details of the implementation of continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers as follows:
Organizer : ……………………………………………….
Theme/Core Material of
Continuing Education Program
: ……………………………………………….
……………………………………………….
Venue & time of implementation : ……………………………………………….
Duration of activity : ……………………………………………….
Target number of participants : ……………………………………………….
Institution/Cooperating Agency : ……………………………………………….

.........., ...................... 20.......
(place and date)

Chairman of the Association,
.................................................
(clear name and signature)

Note:
) face-to-face/non-face-to-face
No.
Theme/Core
Material
Time
Type of PPL)
Duration
Speaker/
Tutor
Target Participants
1.
2.
3.
4.
5.
6.

MID-YEAR ACTIVITY IMPLEMENTATION REALIZATION REPORT

Number : ....., ........................... 20....
Attachments :
Subject : Mid-Year Activity Implementation Realization Report To The Executive Head Capital Market Supervisor Otoritas Jasa Keuangan in Jakarta Up. Director of Supervision Securities Agency
Association Name : ................................
The mid-year activity implementation realization for the period .................... is as follows:
No. Activity Plan
Mid-Year Activity
Implementation Realization
(Fulfilled/Not
Fulfilled)
Remarks
Details of the implementation of continuing education programs for members of the Board of Directors and members of the Board of Commissioners of Securities Companies conducting business as Issuance Underwriters and/or Securities Trading Brokers, as follows:
Organizer : ………………………………………………...........
Institution/Cooperating Agency : ………………………………………………...........
………………………………………………...........
Type of PPL *):
face-to-face/non-face-to-face

Implementation of Continuing Education Programs (face-to-face/non-face-to-face) No.
Theme/
Core
Material
Date and
Venue
Duration Speaker/
Tutor
Number of
Participants
Registered
Number of
Participants
Present
Attendance
Percentage
(%)
1.
2.
3.
4.
5.
.........., ...................... 20.......
(place and date)

Chairman of the Association,
.................................................
(clear name and signature)

Note:
*) strike out what is unnecessary
*) for continuing education programs other than face-to-face, the format can be adjusted according to needs

REPORT OF CONTINUING EDUCATION PROGRAM CERTIFICATES ISSUED TO BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS MEMBERS

Theme/Core Material : …………………………………………..
Venue & Time of Implementation : …………………………………………..
Duration of Activity : …………………………………………..
Number of Registered Participants : …………………………………………..
Participant Attendance Percentage : …………………………………………..
No. Certificate Number
For & On Behalf of
Participant Name
Director/Commissioner*)
Name
Securities Company
1.
2.
3.
4.
5.
.........., ...................... 20.......
(place and date)

Chairman of the Association,
.................................................
(clear name and signature)

Note:
*) strike out what is unnecessary

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REPORT OF MEMBER ACCEPTANCE AND/OR TERMINATION

Name : ………………………………………….........................
Period : ………………………………………….........................

Member Acceptance
Securities Company Association Conducting Business as Issuance Underwriter and Securities Trading Broker

Member Termination
Securities Company Association Conducting Business as Issuance Underwriter and Securities Trading Broker

No.
Name
Securities Company
Securities Company License Conducting Business as Issuance Underwriter and Securities Trading Broker Date of Becoming Member No.
Name
Securities Company
Securities Company License Conducting Business as Issuance Underwriter and Securities Trading Broker Date of Termination Number of Decision Letter Date of Decision Letter Number of Decision Letter Date of Decision Letter

Total members holding Securities Company Licenses Conducting Business as Issuance Underwriters and/or Securities Trading Brokers: ...........

.........., ...................... 20.......
(place and date)

Chairman of the Association,
.................................................
(clear name and signature)

Established in Jakarta on May 23, 2017
EXECUTIVE HEAD
CAPITAL MARKET SUPERVISOR, signed
NURHAIDA

This copy is consistent with the original
Legal Director 1
Legal Department signed
Yuliana

Acknowledgment of Securities Company Associations Acting as Underwriters and Securities Brokers

Lineage: In force