EN
ID
MEDIA
MEDIA COVERAGEEVENTSRESEARCH REPORTSUSTAINABILITY REPORTPUBLIC EXPOSE AND ANALYST MEETINGPRESS RELEASEANNOUNCEMENT
NEW OJK REGULATION NO. 11/POJK.04/2017
14 March 2017
NEW OJK REGULATION NO. 11/POJK.04/2017
14 March 2017
On March 14, 2017 The Indonesian Financial Services Authority (OJK) published Rule No. 11/POJK.04/2017 on reporting share ownership or changes in share ownership in public companies.
With key summaries as follows:
- Directors or Commissioners must report to OJK their direct or indirect ownership in such public companies and every change either directly or indirectly. – Article 2 (1)
- The obligation referred to in clause (1) shall apply to any Party who directly or indirectly own at least 5% (five percent) of paid up capital in a public company. – Article 2 (2)
- The reporting obligation applies to any shareholders on shares in a public company with changes at least 0.5% from their initial paid up capital as a result of a single transaction or a series of transactions. – Article 2 (3)
- Reports referring to clause (1) and clause (2) must be submitted at least 10 (ten) days since the acquisition or changes in share ownerships in the public company. – Article 2 (4)