OJK's Strategic Policy to Support Infrastructure Priorities
JAKARTA - The Financial Services Authority (OJK) seeks to encourage the utilization of the Indonesia capital market to mobilize investment funds from within and abroad for infrastructure projects. This was revealed by the Chairman of the Board of Commissioners of OJK, Wimboh Santoso.
Wimboh Santoso explained to support it OJK has launched various strategic policies in the field of capital market.
OJK from the regulatory side has launched POJK No. 4 of 2017 concerning Multi Asset Investment Fund in the form of Collective Investment Contract, issued in order to support the implementation of Law Number 11 of 2016 on Tax Remission.
OJK has also issued POJK No. 53 and 54 of 2017 which issued to provide an opportunity for issuers with small and medium scale assets to obtain funding through the Capital Market. Recently OJK has also issued POJK No. 52 on Infrastructure Investment Funds in the form of Collective Investment Contracts (POJK DINFRA), issued to provide collective investment schemes for various infrastructure projects.
Not only that, OJK also established a policy that allows infrastructure financing to be optimized through the utilization of several existing instruments, such as collective investment contracts, as well as the launching of new instruments such as perpetual securities and project bonds.
Wimboh explained as reported from tempo.co (14/8/2017),"We also continue to encourage the increasing number of domestic investors, both retail and institutional, especially non-bank financial industries such as insurance and pension funds. In addition to encouraging them to increase their investment portfolio, we also encourage them to Go-Public to utilize long-term funding sources from the capital market."