The Financial Services Authority (OJK) Muliaman D, Hadad. ANTARA/Widodo S. Jusuf
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) will issue a regulation that makes it easier for small and medium sized enterprises or SME to register their holdings at the stock exchange. OJK Chairman, Muliaman Hadad, says that it will be published before he steps down on July.
“In general, the process is simplified. [We’ll] also facilitate them, that is basically the essence of the regulation,” Muliaman said on Monday evening, June 12.
According to Muliaman, the regulation will classify the SMEs according to the assets they currently own, but is different to the SME classification that is contained in the SME Law. “We have also eliminated the terms of profit and loss,” He said.
The provision was issued to give SMEs a chance to seek new funding outside of banks, in this case is through the capital market.
Muliaman hopes that the current index strengthening, as is the positive trend at the Indonesia Stock Exchange, would last so that SMEs could benefit from entering the stock market.
