Telegraf – The Financial Services Authority (OJK) has released the latest data as of 07 November 2023 at the Discussion & Socialization event on Fulfillment of WPPE, WPEE, WMI, WAPERD Licensing Obligations.
This meeting took place on November 8 2023 at the OJK Mataram building, NTB, with the aim of providing a better understanding to permit holders and prospective permit holders.
The main resource person came from the OJK Capital Market Licensing Directorate.
Naomi Saulina Rentaria Rambe, Senior Analyst Deputy Director of Individual Licensing, Supporting Professionals and Capital Market Supporting Institutions 1.
Devy Arveida, Analyst Deputy Director of Individual Licensing, Supporting Professionals and Capital Market Supporting Institutions 1.
Also present were important figures such as Umar Hidayat, Deputy Head of the NTB OJK Office, GB Ngurah Putra Sandiana, Head of the NTB BEI Representative Office, and Lucky Hisar Manurung, Chair of the Bali Nusa Raya PROPAMI Region, along with license holders from the banking, capital markets and universities in NTB.
In the context of the growth of the capital markets sector, OJK has issued a series of regulations, including;
- OJK Regulation Number 31/POJK.04/2018 concerning Licensing of Investment Manager Representatives,
- OJK Regulation Number 17/POJK.04/2019 concerning Licensing of Mutual Fund Securities Selling Agent Representatives, and
- OJK Regulation Number 20/POJK.04/2018 concerning Licensing of Underwriter Representatives and Securities Broker-Dealer Representatives.
- OJK Regulation Number 22/POJK.04/2016 concerning Licensing Segmentation of Securities Broker-Dealer Representatives
The General Chair of PROPAMI, NS Aji Martono, commented on this development, stating that licensing for capital market players is a crucial step to ensure the integrity of the capital market and provide legal certainty and protection to investors.
OJK emphasizes the importance of licensing for various roles in the capital market, such as WMI (Deputy Investment Manager), WAPERD (Representative Mutual Fund Securities Selling Agent), and WPPE (Deputy Underwriter).
License holders must meet strict requirements, including certification of expertise and maintaining moral integrity.
In addition, permit holders are required to work for financial institutions in Indonesia and may not work for more than one securities company or other financial services institution.
All work activities must be reported to the OJK.
OJK provides a platform, namely Sprint (Individual Person Licensing System), as the main means for applying for new permits or extending permits.
Tutorials on YouTube OJK are also provided to make the licensing process easier.
The importance of fulfilling licensing obligations is the main key in ensuring integrity and security in the Indonesian capital market sector.
The permit holder’s commitment to comply with statutory regulations is an important basis for maintaining the credibility of the capital market in the eyes of investors.
It is hoped that strict regulations will strengthen and develop the Indonesian capital market in the future.
