The Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) Regulation No. 5 of 2026 concerning  Conduct of Investment Manager Business Activities (the “OJK Reg. No.5/2026”) introduces a different regulatory apparoach for Inve..
                                          
                                             
                                        

Recalibrating the Regulation of Investment Managers in Indonesia under Financial Services Authority Regulation No. 5 of 2026 concerning the Conduct of Investment Manager Business Activities

The Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) Regulation No. 5 of 2026 concerning  Conduct of Investment Manager Business Activities (the “OJK Reg. No.5/2026”) introduces a different regulatory apparoach for Investment Managers in Indonesia. Its inking the scope of the license to the financial capacity and demonstrated scale of the business conducted under the license. 

An Investment Manager is expected to demonstrate over time that its business has developed to a scale commensurate with the Manajer Investasi Klasifikasi Usaha (“MIKU”) classification under which it operates. For existing Investment Managers, the choice between MIKU 1 and MIKU 2 will determine not only the permissible scope of business activities, but also the level of capital, MKBD, and the AUM that must be maintained. Ultimately, the new framework signals a move toward a capacity and scale-based regulatory framework.

By Partner Mochamad Roem Gatot Praditya, S.H.

and Trainee Associate Tavanya Shaliha Putri, S.H.



You may download the full article through the following link.

English version:

[Eng] Recalibrating the Regulation of Investment Managers 📥


Bahasa Indonesia version: 

[Ind] Menata Ulang Regulasi Manajer Investasi di Indonesia 📥

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