fbpx

Legality of Investment Manager Business Activities

Question:

Permission to ask, can you please explain what an investment manager is? What licenses should an investment manager company have? Why is running an investment manager business considered attractive? Thank you for the opportunity (Agnes, South Jakarta)

Answer: It is good to know about the investment manager’s business activities, the first legal basis we need to look at is Law Number 8 of 1995 concerning the Capital Market (“ Capital Market Law “). Whereas based on the Capital Market Law it is explained that:

“Investment Manager is a Party whose business activities are to manage Securities Portfolios for customers or manage collective investment portfolios for a group of customers, except for insurance companies, pension funds, and banks which carry out their own business activities based on the prevailing laws and regulations.”

So that is easy, an investment manager is the party who manages the Securities Portfolio or Collective Investment Portfolio for its customers, but does not include insurance companies, pension funds, and banks. In practice this investment manager has duties including:

  1. Manage customer assets / funds;
  2. Deciding which investment instrument to use;
  3. Determine the time to sell investment instruments;
  4. Provide reports on the condition of customer assets / funds.

Furthermore, talking about licensing from investment managers, the first thing we need to explain is the Standard Business Field Classification (“ KBLI “) Is the most appropriate. In short, KBLI is a form of reference classification used to classify economic activities / activities carried out by Indonesian business actors into several business fields / business fields. KBLI itself is regulated in the Regulation of the Head of the Central Statistics Agency Number 19 of 2017 (“ Perkabps KBLI ”), Which stipulates that the investment manager’s business activities are included in KBLI as follows:

66123-INVESTMENT MANAGER This group includes the business activities of parties that manage securities portfolios for customers or manage collective investment portfolios for a group of customers, except for insurance companies, pension funds, and banks which carry out their own business activities based on the prevailing laws and regulations.

Then in addition to having the appropriate KBLI, then the company must obtain a business license as an investment manager from the Financial Services Authority (“ OJK “). Following are some of the OJK Regulations (“ POJK ”) Which is the basis for specific rules regarding investment manager business activities:

  1. Financial Services Authority Regulation Number 31 / POJK.04 / 2018 concerning Licensing of Investment Manager Representatives;
  2. Financial Services Authority Regulation Number 10 / POJK.04 / 2018 concerning Implementation of Investment Manager Governance;
  3. Financial Services Authority Circular Letter Number 2 / SEOJK.04 / 2020 concerning the Fit and Proper Test for Prospective Main Party Investment Managers and Investment Advisors;
  4. Etc

One of the things that makes investment managers attractive is the amount of funds or assets currently being managed by the investment manager business actor. Based on data provided by the OJK in February 2020, the total total funds or assets managed by the 3 largest investment manager business actors in Indonesia reached more than IDR 134.5 trillion. Therefore, many other business actors wish to do the same thing as investment managers but do not have the appropriate permits. As a result, the customers of these business actors will clearly suffer losses. That is all we can say, if there are still things you want to ask, please contact LEGALKU Customer Service immediately so that we can immediately contact our experts. Answer: It is good to know about the investment manager’s business activities, the first legal basis we need to look at is Law Number 8 of 1995 concerning the Capital Market (“Capital Market Law “). Whereas based on the Capital Market Law it is explained that:

“Investment Manager is a Party whose business activities are to manage Securities Portfolios for customers or manage collective investment portfolios for a group of customers, except for insurance companies, pension funds, and banks which carry out their own business activities based on the prevailing laws and regulations.”

So that is easy, an investment manager is the party who manages the Securities Portfolio or Collective Investment Portfolio for its customers, but does not include insurance companies, pension funds, and banks. In practice this investment manager has duties including:

  1. Manage customer assets / funds;
  2. Deciding which investment instrument to use;
  3. Determine the time to sell investment instruments;
  4. Provide reports on the condition of customer assets / funds.

Furthermore, talking about licensing from investment managers, the first thing we need to explain is the Standard Business Field Classification (“ KBLI “) Is the most appropriate. In short, KBLI is a form of reference classification used to classify economic activities / activities carried out by Indonesian business actors into several business fields / business fields. KBLI itself is regulated in the Regulation of the Head of the Central Statistics Agency Number 19 of 2017 (“ Perkabps KBLI ”), Which stipulates that the investment manager’s business activities are included in KBLI as follows:

66123-INVESTMENT MANAGER This group includes the business activities of parties that manage securities portfolios for customers or manage collective investment portfolios for a group of customers, except for insurance companies, pension funds, and banks which carry out their own business activities based on the prevailing laws and regulations.

Then in addition to having the appropriate KBLI, then the company must obtain a business license as an investment manager from the Financial Services Authority (“ OJK “). Following are some of the OJK Regulations (“ POJK ”) Which is the basis for specific rules regarding investment manager business activities:

  1. Financial Services Authority Regulation Number 31 / POJK.04 / 2018 concerning Licensing of Investment Manager Representatives;
  2. Financial Services Authority Regulation Number 10 / POJK.04 / 2018 concerning Implementation of Investment Manager Governance;
  3. Financial Services Authority Circular Letter Number 2 / SEOJK.04 / 2020 concerning the Fit and Proper Test for Prospective Main Party Investment Managers and Investment Advisors;
  4. Etc

One of the things that makes investment managers attractive is the amount of funds or assets currently being managed by the investment manager business actor. Based on data provided by the OJK in February 2020, the total total funds or assets managed by the 3 largest investment manager business actors in Indonesia reached more than IDR 134.5 trillion. Therefore, many other business actors wish to do the same thing as investment managers but do not have the appropriate permits. As a result, the customers of these business actors will clearly suffer losses. That is all we can say, if there are still things you want to ask, please contact LEGALKU Customer Service immediately so that we can immediately contact our experts.

Registration

Forgotten Password?

Legalku Talk

Kami Tersedia 24/7 hanya untuk anda

Legal Events & Webinars

april, 2021

All Legalku Services
Legalku Talk

We are available 24/7 just for you

Pertama, mari pilih dokumen

Affordable Legal Services

Temukan Rencana Sempurna Untuk Urusan Bisnis Anda
Bingung daftar Pengusaha Kena Pajak?
Kami bisa membantu Anda mulai dari Rp.3,5 Juta

Edit

Bagi Anda yang menginginkan badan usaha dengan struktur dan regulasi kepemilikan yang jelas, modal terpisah dari aset pribadi, dan kesan yang lebih bonafide.

Syarat Mendirikan PT

Scan of KTP of Company Management and Shareholders
Scan of NPWP of Management and Shareholders
Scan of KK Managers and Shareholders
Photograph of the Director with red background 3 × 4 (4 sheets)
* Company stamp

ADDITIONAL REQUIREMENTS FOR PT FULL (USING OWN ADDRESS)
  • Lease Contract Letter
  • PBB & STTS Current Year
  • IMB
  • Photos from outside and inside
  • Office Zoning Certificate from the sub-district
  • Land Certificate / SHGB
  • Domicile Building

* The management of a PT consists of at least 1 Director and 1 Commissioner

* A PT founder consists of at least 2 Shareholders (Shareholders can simultaneously serve as Directors or Commissioners)

* Husband and wife who set up a PT together and do not have a pre-marriage agreement must include one person to become a third party.

* The Company Stamp follows after the Company Name is Final (Checked and ordered)

* Medium and large company establishments are required to register with BPJS Ketenagakerjaan. BPJS registration can be assisted by the LEGALKU Team

Separate Personal and Company Assets.
Broader Business Access
More Diverse Options for Business Activities
Form of Business with a Legal Entity

Edit

Dapatkan Alamat Bisnis Bergengsi Se-DKI Jakarta

Virtual Office (Kantor Virtual) adalah kantor yang tidak memiliki bentuk ataupun fisik, namun bisa digunakan sebagai alamat legal perusahaan untuk mendapatkan legalitas serta mendapat fasilitas kantor untuk digunakan dalam berbisnis.

Karena sistem zonasi yang membatasi lokasi yang bisa digunakan untuk domisili perkantoran, alamat perusahaan adalah salah satu hambatan bagi pengusaha di Jakarta untuk mendirikan badan usaha seperti PT ataupun CV.

Namun, hal itu tidak lagi menjadi masalah dengan Virtual Office. Virtual Office bisa digunakan sebagai alamat untuk mendirikan PT ataupun CV dan mendapatkan legalitas untuk menjadi perusahaan yang bonafid.

BASIC
PREMIUM

*Harga yang tercantum diatas adalah harga Paket beserta fasilitas yang anda dapatkan.
Untuk mendapatkan penawaran terbaik, silahkan hubungi Pusat Bantuan kami untuk lebih lanjut

Masih bingung ?
Tax & Consulting Service

Terima kasih telah memilih dan menggunakan layanan LEGALKU sebagai rekan dalam memenuhi kebutuhan legalitas bisnis Anda.

Sebagai informasi, saat ini LEGALKU memiliki layanan terbaru berupa jasa konsultan keuangan dan perpajakan yang dapat membantu mempermudah dalam perencanaan serta penyusunan laporan keuangan dan perpajakan, baik untuk individual maupun bisnis Anda.

Selain itu, tim ahli LEGALKU juga akan mencarikan solusi terbaik yang dapat membantu kebutuhan operasional usaha Anda agar menjadi lebih efisien.

Potongan Harga S/d Rp.1.000.000,-

Sebagai bentuk apresiasi kami, selama periode bulan Februari ini Kami akan memberikan potongan harga sampai dengan Rp. 1.000.000,- (Satu Juta Rupiah).

Masih bingung ?

Legal Permit Services

Untuk Anda yang ingin badan usaha dengan modal minim, sistem pengambilan keputusan yang lebih mudah, dan pajak yang lebih rendah

*Harga yang tercantum diatas adalah harga Paket beserta fasilitas yang anda dapatkan.


Untuk mendapatkan penawaran terbaik, silahkan hubungi Pusat Bantuan kami untuk lebih lanjut

Masih bingung ?
Legalku Knowledge Base

Pendirian PT

PMDN - PMA

Terkait Investasi

Legalitas Terkait Investasi

HKI

Hak Kekayaan Intelektual

Drafting Agreement

Drafting Agreement

Izin Usaha

Legalitas Izin Usaha

Legal Due Diligent

Audit Hukum

Dengan layanan jarak jauh dari LEGALKU anda dapat dengan mudah berbicara dengan Ahli Hukum kami Tatap Muka.

Maksud kami benar-benar Tatap Muka dengan wajah Asli, Pakar Asli, dan GRATIS tetntunya!

Legalku Web Service

First, let's select a document

Affordable Legal Services

Find The Perfect Plan For Your Business Affair
.
We can help you starting from IDR 3.5 million

Edit

Bagi Anda yang menginginkan badan usaha dengan struktur dan regulasi kepemilikan yang jelas, modal terpisah dari aset pribadi, dan kesan yang lebih bonafide.

Syarat Mendirikan PT

Scan of KTP of Company Management and Shareholders
Scan of NPWP of Management and Shareholders
Scan of KK Managers and Shareholders
Photograph of the Director with red background 3 × 4 (4 sheets)
* Company stamp

ADDITIONAL REQUIREMENTS FOR PT FULL (USING OWN ADDRESS)
  • Lease Contract Letter
  • PBB & STTS Current Year
  • IMB
  • Photos from outside and inside
  • Office Zoning Certificate from the sub-district
  • Land Certificate / SHGB
  • Domicile Building

* The management of a PT consists of at least 1 Director and 1 Commissioner

* A PT founder consists of at least 2 Shareholders (Shareholders can simultaneously serve as Directors or Commissioners)

* Husband and wife who set up a PT together and do not have a pre-marriage agreement must include one person to become a third party.

* The Company Stamp follows after the Company Name is Final (Checked and ordered)

* Medium and large company establishments are required to register with BPJS Ketenagakerjaan. BPJS registration can be assisted by the LEGALKU Team

Separate Personal and Company Assets.
Broader Business Access
More Diverse Options for Business Activities
Form of Business with a Legal Entity

Edit

Dapatkan Alamat Bisnis Bergengsi Se-DKI Jakarta

Virtual Office (Kantor Virtual) adalah kantor yang tidak memiliki bentuk ataupun fisik, namun bisa digunakan sebagai alamat legal perusahaan untuk mendapatkan legalitas serta mendapat fasilitas kantor untuk digunakan dalam berbisnis.

Karena sistem zonasi yang membatasi lokasi yang bisa digunakan untuk domisili perkantoran, alamat perusahaan adalah salah satu hambatan bagi pengusaha di Jakarta untuk mendirikan badan usaha seperti PT ataupun CV.

Namun, hal itu tidak lagi menjadi masalah dengan Virtual Office. Virtual Office bisa digunakan sebagai alamat untuk mendirikan PT ataupun CV dan mendapatkan legalitas untuk menjadi perusahaan yang bonafid.

BASIC
PREMIUM

* The prices listed above are the package prices and the facilities you get.
To get the best deals, please contact our Help Center for more

Still confused ?
Tax & Consulting Service

Terima kasih telah memilih dan menggunakan layanan LEGALKU sebagai rekan dalam memenuhi kebutuhan legalitas bisnis Anda.

Sebagai informasi, saat ini LEGALKU memiliki layanan terbaru berupa jasa konsultan keuangan dan perpajakan yang dapat membantu mempermudah dalam perencanaan serta penyusunan laporan keuangan dan perpajakan, baik untuk individual maupun bisnis Anda.

In addition, the LEGALKU expert team will also find the best solutions that can help your business operational needs to be more efficient.

Discounts Up to IDR 1,000,000

As a token of our appreciation, during this December period, we will provide discounts of up to Rp. 1,000,000, – (One Million Rupiah).

Still confused ?

Legal Permit Services

For those of you who want a business entity with minimal capital, an easier decision-making system, and lower taxes

* The prices listed above are the package prices and the facilities you get.

To get the best deals, please contact our Help Center for more

Still confused ?
Legalku Knowledge Base

Investment Related

Legalitas Terkait Investasi

IPR

Hak Kekayaan Intelektual

Drafting Agreement

Drafting Agreement

Izin Usaha

Business License Legality

Legal Due Diligent

Legal Audit

With long distance service from LEGALKU you can easily talk to our Legal Experts Face to Face.

We really mean Face to face with Real faces, Real Experts, and FREE of course!

Legalku Web Service

We're getting ready for this :)

We're getting ready for this :)

X