OJK Welcomes Danantara's Plan to Become Liquidity Provider in Indonesian Capital Market
JAKARTA, investor.id – The Financial Services Authority (OJK) has welcomed the intention of the Daya Anagatha Nusantara Investment Management Agency (BPI Danantara) to serve as a liquidity provider (LP) in the Indonesian capital market.
"Discussions to that end have already taken place," said OJK Board of Commissioners Chairman Mahendra Siregar at an online press conference following the Monthly Board of Commissioners Meeting (RDKB) for March 2025, on Friday (11/4/2025).
He explained that OJK recognises and encourages the need to strengthen domestic investment in the national capital market. The idea is specifically directed at domestic institutional investors, particularly Danantara and its holding members, to participate in maintaining the stability and development of Indonesia's capital market.
"What we also wish to encourage and see going forward is the strengthening of domestic investment in our capital market, particularly by institutional investors, including those from government-owned or state-owned financial services institutions," said Mahendra.
Danantara and its holding members indeed possess the capability to serve as liquidity providers in the Indonesian stock market. Beyond mere intention, the move by Danantara and its holding members to invest directly in the capital market has already reached the coordination stage.
"In this regard, coordination with Danantara as the holding company for government financial services institutions is being carried out to also encourage greater possibilities for financial services institutions under Danantara to invest in the capital market as institutional investors," Mahendra elaborated.
In addition, Mahendra said OJK itself has been working to suppress volatility in the capital market in recent times, amid the influence of global uncertainty. Measures already taken include enabling share buybacks without a general meeting of shareholders (RUPS), as well as adjustments to trading halt provisions and the lower auto-rejection limit (ARB).
"Discussions to that end have already taken place," said OJK Board of Commissioners Chairman Mahendra Siregar at an online press conference following the Monthly Board of Commissioners Meeting (RDKB) for March 2025, on Friday (11/4/2025).
He explained that OJK recognises and encourages the need to strengthen domestic investment in the national capital market. The idea is specifically directed at domestic institutional investors, particularly Danantara and its holding members, to participate in maintaining the stability and development of Indonesia's capital market.
"What we also wish to encourage and see going forward is the strengthening of domestic investment in our capital market, particularly by institutional investors, including those from government-owned or state-owned financial services institutions," said Mahendra.
Danantara and its holding members indeed possess the capability to serve as liquidity providers in the Indonesian stock market. Beyond mere intention, the move by Danantara and its holding members to invest directly in the capital market has already reached the coordination stage.
"In this regard, coordination with Danantara as the holding company for government financial services institutions is being carried out to also encourage greater possibilities for financial services institutions under Danantara to invest in the capital market as institutional investors," Mahendra elaborated.
In addition, Mahendra said OJK itself has been working to suppress volatility in the capital market in recent times, amid the influence of global uncertainty. Measures already taken include enabling share buybacks without a general meeting of shareholders (RUPS), as well as adjustments to trading halt provisions and the lower auto-rejection limit (ARB).