OJK Mandates IPO Proceeds Be Placed in Dedicated Account

The Financial Services Authority (OJK) will tighten oversight of the use of proceeds from Initial Public Offerings (IPOs) through a requirement that funds be placed in a single dedicated account.

Eddy Manindo Harahap, Deputy Commissioner for Capital Market Investment Management and Securities Institution Supervision at the OJK, stated that this policy represents one of the steps to strengthen corporate governance in Indonesia’s capital market.

“This is one of the regulations we have just issued. So whenever there is an IPO, the IPO proceeds must be placed in a single dedicated account. This way, we can monitor their usage, which is one aspect of this,” said Eddy during the Road to Indonesia Investor Relations Forum 2026 held at the Indonesia Stock Exchange building in Jakarta on Tuesday.

Eddy further noted that the OJK will in future issue several additional regulations aimed at strengthening Indonesia’s capital market industry comprehensively.

“Going forward, we will issue a number of regulations designed to strengthen the industry. Such as strengthening securities companies, strengthening Investment Managers and so forth,” said Eddy.

He revealed that these various strengthening measures were already included in the regulator’s work programme, however, the current dynamics in Indonesia’s capital market are prompting the OJK to accelerate their implementation.

“Although this was already in our programme, this momentum will make it happen more quickly,” said Eddy.