JAKARTA (Yosefardi) – The Financial Services Authority (OJK) has issued 7 new regulation for boosting the liquidity of the capital market, to compete with other markets.
For boosting the liquidity, new products of investment are needed to be created and regulated. Such new products and regulations include the secondary financing for housing (asset-based securities in the form of participated letter/EBA-SP) and simplifying the procedure (know your customers) to welcome the small and big investors.
Other new regulations are designed for the guarantee of transaction settlement at stock exchange, guidelines for the function of investment managers, the licenses for investment manager deputy, the monthly report for the asset-based collective investment contract (KIK-EBA), and the licenses for underwriter and broker of securities offering and trading.