OJK to apply e-Registration in capital market

Jakarta, InfoPublik - The Financial Services Authority (OJK) will apply electronic registration (e-registration) system to process registration statement or corporate action in capital market.

It is aimed to improve the quality of OJK services and explore capital market potentials.

"The electronic registration allows the submission of registration statement to be easier, faster, and more efficient," said OJK’s deputy commissioner for capital market supervisory Fakhri Hilmi in Jakarta, Sunday (5/21).

OJK will conduct dissemination forum to 300 participants representing issuers and public companies, managing underwriters, and capital market supporting professionals.

"The dissemination is intended to give complete information and get input from the participants on the electronic registration implementation plan," he said.

This system will be applied in two phases from 2017 to 2019. In the first phase, this year’s e-registration will be applied for Registration Statement of Equity Securities Public Offering, Debt Securities or Sukuk, and Public Offering of Debt Securities and/or Sukuk.

Limited Public Offering, Business Merger or Consolidation Statement, and Tender Offering Statement—compulsory and voluntarily—will be accommodated in the second phase in 2018—2019.

This system allows the Registration Statement documents to be submitted to OJK electronically, anywhere, and anytime without having to submit the hard copy.

The registration can be submitted to OJK’s website through Integrated Registration System (SPRINT OJK).

The draft of OJK Regulation (RPOJK) concerning Submission of Electronic Registration Statement or Corporation Action has been published on OJK website to get response from related parties.

To broaden stakeholders' understanding on the e-Registration system, OJK will hold follow-up workshops in several classes to be held at the OJK Institute in June and July 2017.