NEW OJK REGULATION NO. 11/POJK.04/2017

14 March 2017

NEW OJK REGULATION NO. 11/POJK.04/2017

14 March 2017

On March 14, 2017 The Indonesian Financial Services Authority (OJK) published Rule No. 11/POJK.04/2017 on reporting share ownership or changes in share ownership in public companies.

With key summaries as follows:

  • Directors or Commissioners must report to OJK their direct or indirect ownership in such public companies and every change either directly or indirectly. - Article 2 (1)
  • The obligation referred to in clause (1) shall apply to any Party who directly or indirectly own at least 5% (five percent) of paid up capital in a public company. - Article 2 (2)
  • The reporting obligation applies to any shareholders on shares in a public company with changes at least 0.5% from their initial paid up capital as a result of a single transaction or a series of transactions. - Article 2 (3)
  • Reports referring to clause (1) and clause (2) must be submitted at least 10 (ten) days since the acquisition or changes in share ownerships in the public company. - Article 2 (4)

OJK REGULATION NO. 11/POJK.04/2017

PT Total Bangun Persada Tbk published this content on 14 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 April 2017 03:26:02 UTC.

Original documenthttp://www.totalbp.com/post-detail/603/new-ojk-regulation-no-11pojk042017-/en

Public permalinkhttp://www.publicnow.com/view/1DB6E28238C9EDD7259BDD28BEB0C45584C7B1AB