Mirae: Capital Market Reform Agenda to Strengthen Retail Investor Security

Jakarta (ANTARA) - PT Mirae Asset Sekuritas Indonesia (MASI) believes that the reform agenda by the Financial Services Authority (OJK), the Indonesia Stock Exchange (BEI), and the Indonesian Central Securities Depository (KSEI) will drive the strengthening of security for retail investors in investing in the Indonesian capital market. Head of Retail Business Support at Mirae Asset, Prisa Ngadianto, stated that the latest provisions set by the authorities should be followed, as they will have a positive impact on the Indonesian capital market. “So far, it feels safe; we just follow the new rules that exist. But it’s good, not hindering or anything; instead, retail customers are more secure,” said Prisa during the Mirae Asset Media Luncheon in Jakarta on Tuesday. Prisa explained that the Indonesian capital market reform agenda, such as the disclosure of share ownership information for listed companies above 1 percent, will be positive for retail investors because it will provide more detailed information. He continued that the Indonesian capital market reform agenda is a positive improvement effort carried out by the authorities, where several countries have already implemented it earlier, such as India and Hong Kong. In line with that, his side is ready to learn from the implementation of capital market reforms abroad to be adapted to Indonesia, given that Mirae also operates in those countries. “So, more or less, we directly ask when there is a policy. How is it there first? What are the changes, everything. We learn from them. We also follow what the regulator gives,” said Prisa.