The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) issued Regulation No.4 of 2024 and replaces OJK Regulation No.11/PoJK.04/2017 on the reporting of share ownership and any changes in share ownership for public companies. 

The key changes on this new regulation includes reporting requirements for share ownership and pledging shares, electronic reporting, as well as administrative sanctions.

From our analysis, we have gathered that these changes aim to enhance transparency by aligning the quality of information disclosure with international standards, mitigate the risks associated with changes in share ownership and introduces stricter compliance requirements. 

Cases exempt from the new regulations are of corporate actions and inheritance. This new regulation will take into effect on August 28th 2024.

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