Regulatory AlertsOJK Regulation No. 32 of 2024 on the Development and Strengthening of Securities Transactions and Institutions
The Financial Services Authority (OJK) issued Regulation No. 32 of 2024 to implement the mandates of the Financial Sector Development and Strengthening Act (UUP2SK) regarding the enhancement of securities transactions and institutions. This regulation establishes new provisions for Self-Regulatory Organizations to provide additional services, expands the use of guarantee funds, and permits debt securities and sukuk issued by Deposit Insurance Corporation institutions. It also defines distress conditions that threaten the continuity of business operations for market organizers, including stock exchanges, clearing and guarantee institutions, depository and settlement institutions, and securities companies.
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