Indonesia’s Financial Services Authority (OJK) reported that 107 securities firms and 85 investment managers had submitted commitments on their chosen business categories as of Oct. 29, 2026. The submissions mark an initial step toward meeting requirements under two regulations issued in May 2026, which link permitted activities to firms’ capacity and strengthen capital, governance and risk management requirements. Among securities firms, 74 selected category 3, which permits the broadest activities, while 22 chose category 2 and 11 chose category 1. Among investment managers, 70 selected category 2, which permits the full range of investment management activities, and 15 selected the more restricted category 1.
Fulfillment of the requirements is targeted for April 2029. During the transition, OJK will monitor each firm’s progress, with shareholder support needed to ensure adequate capital and strengthen governance and operational capacity. Alongside this implementation update, securities firms involved in violations have been instructed to strengthen employee supervision, internal controls and compliance functions. They must also assess the causes of violations, take steps to prevent recurrence and report their evaluations and corrective measures to OJK.