Regulatory AlertsOJK Regulation No. 18 of 2024 on Liquidity Providers
The Financial Services Authority (OJK) issued Regulation No. 18 of 2024 to establish a legal framework for Liquidity Providers to enhance capital market liquidity and price stability through continuous quoting. This regulation grants exemptions from prohibitions on fictitious transactions and market manipulation for specific liquidity maintenance activities, aligning with the Capital Market Law as amended by the Financial Sector Development and Strengthening Act. It also sets forth requirements, prohibitions, and oversight mechanisms for Liquidity Providers while repealing conflicting provisions in previous derivative and warrant regulations.
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