OJK Pushes Implementation of Capital Market Deepening Action Plan

The Executive Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Authority at the Financial Services Authority (OJK), Hasan Fawzi, stated that the authority continues to encourage the implementation of the capital market deepening action plan from the perspectives of product supply and investor demand.

“All these initiatives will continue to be monitored through close coordination and collaboration to ensure the implementation of the 8 Action Plans proceeds consistently and in an integrated manner,” said Hasan at the Indonesia Stock Exchange (BEI) office in South Jakarta on Thursday, 2 April 2026.

From the supply side, he said, OJK has issued POJK Number 2 of 2026, which regulates mutual funds in the form of collective investment contracts with tradable participation units on the exchange and based on gold. That gold Exchange-Traded Fund (ETF) instrument is now entering the implementation phase together with stakeholders.

Meanwhile, from the demand side, OJK, together with industry players, is developing the PINTAR Reksa Dana programme or Systematic Investment Plan (SIP) to sustainably expand the retail investor base.

OJK also emphasised strengthening law enforcement in the capital market sector. According to him, up to 31 March 2026, OJK has imposed administrative sanctions in the form of fines totalling Rp96.33 billion on 233 parties, both for violations and delays in obligations. OJK has also applied other sanctions such as written warnings, suspension of licences, revocation of licences, certain actions, as well as written orders or prohibitions.

For handling suspected market manipulation in 2026 up to 31 March, OJK imposed fines of Rp29.30 billion on 11 parties, as well as written warnings to one individual. OJK issued written warnings to two individuals for conducting investment advisory activities without a licence.