TEMPO.CO, Jakarta - The Financial Services Authority (OJK) is drawing up a mechanism for reporting bond and sukuk transactions in the secondary markets; both in stock exchanges or over the counter markets.
According to the OJK, as Bisnis Indonesia reported on Dec. 7, 2016, bond and sukuk transactions in secondary market have mostly been done outside the stock exchange—a method known as over-the- counter transactions.
The OJK will mandate traders and buyers to report the transactions through a reporting facility in a bid to improve market integrity and price formation quality, as well as to strengthen oversight on bond transactions.
The system will be operated by a Securities Transaction Report Receiver (PLTE) appointed by the OJK.
The rule draft stated that securities transaction that will be reported are bonds and sukuks sold through public offerings, convertible bonds released through a rights offering, state securities (SBNs), and other securities mandated for reports.
Reporting should be done in real time manner, which include data on the name and the securities series, sellers and buyers' SID, yields, transaction value and volume, transaction types and status of ownership.
BISNIS.COM
