On 22 August 2022, the Financial Services Authority (“OJK”) enacted Regulation No. 15/POJK.04/2022 on Share Split and Reverse Share Split by Public Companies (“OJK Regulation 15/2022”) which will take effect on 22 February 2023, six months after its enactment.
OJK Regulation 15/2022 is expected to provide specific regulatory framework regarding share split and reverse share split by public companies which was briefly regulated under the Decision of the Board of Directors of PT Bursa Efek Indonesia No. Kep-00101/ BEI/12-2021 on Listing of Shares and Equity Securities Other Than Shares Issued by Public Companies covering among others shares listing provisions in general, including the listing of shares resulting from stock split and reverse stock, and the relevant timeframe in which a public company is restricted from conducting a share split or reverse share split.
This publication sets out the key regulatory provisions of OJK Regulation 15/2022 and the impact on public companies.
Click here to find out more
Managing Associate, Jakarta
Widyawan & Partners supports the Self-Regulatory Principles for Online Behavioral Advertising of the Digital Advertising Alliance (DAA), the Digital Advertising Alliance of Canada (DAAC), and the European Interactive Digital Advertising Alliance (EDAA).
Alternatively, privacy settings in most browsers will allow you to prevent your browser from accepting new cookies, have it notify you when you receive a new cookie, or disable cookies altogether. If your browser is set to not accept any cookies, you will not receive Interest-Based Advertising, but your use of the Widyawan & Partners service may be impaired or unavailable. In addition, if you use our cookie tool to opt-out of certain cookies, your opt-out preferences will be remembered by placing a cookie on your device. It is therefore important that your browser is configured to accept cookies for your preferences to take effect. If you delete or clear your cookies, or if you change which web browser you are using, you will need to set your cookie preferences again.
Note that from time to time we are over-inclusive in which cookies are listed in the opt-out tool. For example, we do not use Facebook, Twitter or Google cookies in all regions.
Lifespan: Most cookies are session cookies (which are only active until you close your browser) or are cookies which are only active for one day. Some cookies are active for a longer time, ranging from 3 to 12 months. The cookies used to prevent fraud and maintain the security or our services are active for a maximum period of 24 months.
These cookies help us to customize and enhance your online experience with Widyawan & Partners. For example, they help us to remember your preferences and prevent you from needing to re-enter information you previously provided (for example, during member sign up). We also use these cookies to collect information (such as popular pages, conversion rates, viewing patterns, click-through and other information) about our visitors' use of the Widyawan & Partners service so that we can enhance and customize our website and service and conduct market research. Deletion of these types of cookies may result in limited functionality of our service.
Lifespan: Most cookies are only active for one day. Some cookies are active for a longer time, ranging from 3 to 12 months.
These cookies use information about your use of this and other websites and apps, your response to ads and emails, and to deliver ads that are more relevant to you and for analytics and optimization purposes. These types of ads are called "interest-based advertising" and will be shown to you outside the Widyawan & Partners domain. Widyawan & Partners uses contractual and technical measures designed to prevent advertising partners from accessing information regarding specific title selections you make, URLs you land on, or shows you have watched on our service. We do not share information about title selections or your shows you have watched on our service. The advertising cookies associated with our service belonging to our advertising partners as listed under cookie details. Please choose your settings for advertising cookies below. If you want to opt out of the advertising cookies across all websites, go here.