Regulatory Alerts2026-04-29
Added · Updated
OJK Regulation No. 3 of 2026 on the Conduct of Securities Company Business Activities as Underwriters and Securities Trading Intermediaries
This regulation establishes a three-tier classification system (PEKU 1, PEKU 2, and PEKU 3) for securities companies acting as underwriters or trading intermediaries, linking permitted business scopes to specific paid-in capital and adjusted net working capital thresholds. It mandates minimum capital requirements of IDR 1 billion, IDR 55 billion, and IDR 110 billion for PEKU 1, PEKU 2, and PEKU 3 respectively, alongside corresponding working capital maintenance obligations. The rule defines specific operational activities for each tier, imposes strict integrity and clean-record requirements for underwriting functions, and requires regulatory approval for controlling shareholders, directors, and commissioners.
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