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Jakarta Post

New rules simplify IPO

PREMIUM
Jakarta   /   Tue, July 18, 2017   /  08:12 am
New rules simplify IPO Men look at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Tuesday, April 25, 2017. (AP/Eugene Hoshiko)

Financial Services Authority (OJK) regulations No. 7/ POJK.04/2017 on registration statement documents in public offerings (POJK 7/2017) and No. 8/POJK.04/2017 on the content of prospectus in public offerings of equity securities (POJK 8/2017) shorten the time to take an offering to market and generally improve the regulatory landscape for offerings. Both regulations, issued in March, are expected to improve the overall investment environment for Indonesian securities and enhance the Indonesia Stock Exchange’s (IDX) competitiveness vis-à-vis exchanges in the region. The POJK 7/2017, which will become effective as from September 2017, will shorten the review process for initial public offerings (IPOs) by up to three or four weeks by enabling parallel reviews by the OJK and the IDX. Previously, the process required sequential submissions of the registration statement,...

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