The Financial Services Authority (OJK) has introduced Regulation No. 32 of 2024 (POJK 32/2024) to enhance the integrity and efficiency of Indonesia’s capital market. The new regulation also aims to strengthen investor protection and support sustainable economic growth.

POJK 32/2024 follows the mandate of Law No. 4 of 2023 on Financial Sector Development and Strengthening (UU P2SK), which revised and expanded regulations from Law No. 8 of 1995 on the Capital Market. The updated framework refines rules on transactions and capital market institutions, ensuring better oversight and compliance.

Key provisions under POJK 32/2024 include:

• Expanded services by Self-Regulatory Organizations (SROs) with OJK approval
• Enhanced transaction settlement guarantees through Clearing and Guarantee Institutions
• Broader utilization of guarantee funds for capital market transactions
• Trading of debt securities and/or sukuk under the Deposit Insurance Corporation (LPS)
• New risk management rules for stock exchanges, clearinghouses, and securities firms facing financial difficulties

The regulation took effect on December 23, 2024, upon its official enactment. OJK remains committed to developing adaptive regulations that support the stability and competitiveness of Indonesia’s financial industry.

PHOTO: MI/RAMDANI

This article was created with AI assistance.