Dematerialisasi Efek Bersifat Ekuitas dan Pengelolaan Aset yang Tidak Diklaim di Pasar Modal

Short Review of OJK Regulation No. 9 of 2025 Regulation No. 9 of 2025 issued by the Financial Services Authority (OJK) of Indonesia outlines the framework for the dematerialization of equity securities and the management of unclaimed assets in the capital market. This regulation aims to enhance liquidity, ensure accurate and transparent ownership records, and establish legal recognition for unclaimed assets. Key Points 1. Dematerialization of Equity Securities: - Companies are required to convert physical equity securities (warkat) into electronic form. - The deadline for dematerialization is set at five years from the regulation's enactment. 2. Management of Unclaimed Assets: - Procedures are established for handling unclaimed equity securities and other assets. - Owners have a five-year window to claim their unclaimed assets after the dematerialization period. 3. Reporting Requirements: - Companies must report the progress of dematerialization to OJK biannually. - Public announcements regarding dematerialization must be made at least twice a year. 4. Prohibition on Transactions: - Trading of physical equity securities is prohibited after the dematerialization period. - Exceptions exist for specific legal circumstances (e.g., inheritance). 5. Administrative Sanctions: - Violations of the regulation can lead to administrative sanctions, including fines and business activity restrictions. Prohibitions - Trading of Warkat: After the dematerialization period, equity securities in physical form cannot be traded. - Failure to Comply with Reporting: Companies that do not report progress on dematerialization face penalties. - Unauthorized Claims: Claims for unclaimed assets must be substantiated with proper documentation. Required Actions 1. For Companies: - Initiate the dematerialization process for all equity securities. - Ensure compliance with reporting requirements to OJK. - Announce the dematerialization process to stakeholders. 2. For Shareholders: - Submit claims for unclaimed assets within the specified timeframe. - Maintain updated records of ownership to facilitate the dematerialization process. 3. For Custodians and Administrators: - Implement systems for tracking and managing unclaimed assets. - Validate ownership claims and maintain accurate records. Related Reports and Documentation - Biannual Progress Reports: Companies must submit reports on the status of dematerialization to OJK every six months. - Public Announcements: Required disclosures regarding dematerialization must be made publicly, including on company websites and through direct communication with shareholders. Conclusion OJK Regulation No. 9 of 2025 represents a significant step towards modernizing Indonesia's capital market by promoting electronic records and efficient management of unclaimed assets. Compliance with this regulation is crucial for companies, shareholders, and custodians to ensure legal and operational integrity in the capital market.