Indonesia’s Financial Services Authority (OJK) and PT Kustodian Sentral Efek Indonesia (KSEI) officially launched the integration of their mutual fund licensing and registration systems to simplify processes and strengthen governance in the capital market (22/12).

The integration combines OJK’s Integrated Licensing and Registration System (SPRINT) with KSEI’s Electronic Securities Registration System (SPEK) to improve service certainty and streamline mutual fund product registration.

Officials Formalize System Integration at IDX

The launch of the OJK–KSEI Integrated Investment Product Registration System was carried out by OJK’s Chief Executive for Capital Market, Derivative Finance, and Carbon Exchange Supervision, Inarno Djajadi, together with KSEI President Director Samsul Hidayat.

The event took place at the Main Hall of the Indonesia Stock Exchange in Jakarta and was attended by capital market stakeholders and regulators.

OJK Emphasizes Efficiency and Service Quality

In his remarks, Inarno said the integration of SPRINT and SPEK represents a concrete step toward building a more modern capital market supported by efficient work processes and improved service quality.

“The integration of SPRINT and SPEK is not only interpreted as system integration, but also as a step to build a new way of working that is more efficient, simpler, more consistent, and service-quality oriented,” Inarno said.

He noted that the increasingly dynamic capital market requires integrated services to accelerate licensing, reduce potential errors, and strengthen risk-based supervision.

Simplified Registration and Stronger Oversight

Through this integration, mutual fund product registration processes that were previously handled separately can now be carried out in a more unified manner.

The system provides clearer processes and greater certainty for industry participants, while reinforcing OJK’s supervisory framework to be more responsive and adaptive to market developments.

KSEI Highlights Digital Transformation and Green Economy Support

KSEI President Director Samsul Hidayat said the system integration supports the acceleration of digital transformation in mutual fund product registration.

“This step not only increases the effectiveness of administrative processes, but is also in line with KSEI’s efforts to support the growth of the green economy in Indonesia’s capital market,” Samsul said.

He added that the integration minimizes document duplication, improves efficiency, and maintains data integrity and consistency, which is expected to support mutual fund investor growth.

Improved Data Quality and Public Information

The integration also enhances data accuracy and consistency between OJK and KSEI, strengthening supervisory quality and public information reliability.

Consistent and accurate data will support better regulatory oversight and improve the quality of information disclosed to investors and the public.

PHOTO: OJK

This article was created with AI assistance.