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Jakarta Post

OJK to ease reporting requirements for SMEs listed on IDX

  • Riska Rahman

    The Jakarta Post

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Jakarta   /   Fri, January 10, 2020   /  12:11 pm
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The Financial Services Authority (OJK) logo displayed at the institution's headquarters in Jakarta. (kontan.co.id/File)

The Financial Services Authority (OJK) plans to issue a new regulation that will relax requirements on small and medium enterprises (SMEs) listed on the Indonesia Stock Exchange (IDX) when disclosing their financial performances and price-sensitive activities. OJK capital market division deputy commissioner Justini Septiana said in Jakarta on Wednesday that the current OJK regulations only facilitated small and medium-sized companies — companies with assets of between Rp 50 billion (US$3.57 million and Rp 250 billion — to launch an initial public offering (IPO) and list their shares on the IDX. “Our current regulations only ease listing requirements but it is unfair for them because they still have to fulfill the same kind of obligations as their bigger and more professional counterparts in other activities,” she said during her spee...