OJK tightens oversight: IPO proceeds must be placed in dedicated account

Jakarta — The Indonesian Financial Services Authority (OJK) will tighten oversight of Initial Public Offering (IPO) proceeds through a requirement that funds be placed in a dedicated account.

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

“This is one of the provisions we have just issued. When there is an IPO, the IPO proceeds must be placed in a dedicated account. This way, we can monitor its usage,” Eddy said during the Road to Indonesia Investor Relations Forum 2026 at the Indonesia Stock Exchange building in Jakarta on Tuesday.

Eddy added that the OJK will issue several additional regulations aimed at strengthening Indonesia’s capital market industry more comprehensively.

He noted that these strengthening measures were already part of the regulator’s work programme, but current market dynamics in Indonesia’s capital market are prompting the OJK to accelerate their implementation.

“Although we already had this scheduled, this momentum will make it move faster,” Eddy said.

The provisions regarding IPO fund usage are set out in OJK Regulation (POJK) No. 40 of 2025 on the Usage of Public Offering Proceeds.