Legality of Investment Manager Business Activities

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 US companies

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.

Artikel Lainnya
Determining the right term sheet strategy is a crucial step in a startup's journey. By understanding company objectives, selecting the right investors, and paying attention to important details such as capital structure, valuation, protective clauses, and exit requirements, you can help ensure the long-term success of your company.
Bisnis

Complete Guide to Crafting a Startup Term Sheet Strategy

Determining the right term sheet strategy is a crucial step in a startup’s journey. By understanding company objectives, selecting the right investors, and paying attention to important details such as capital structure, valuation, protective clauses, and exit requirements, you can help ensure the long-term success of your company.

Baca »

Apa sih Faktur Pajak itu?

Faktur pajak merupakan bukti pungutan pajak Pengusaha Kena Pajak (PKP) yang melakukan penyerahan Barang Kena Pajak (PKP) atau penyerahan Jasa Kena Pajak (JKP). Ketika PKP

Baca »

Revolusi Industri 4.0

Revolusi Industri 4.0 merupakan upaya transformasi menuju perbaikan dengan mengintegrasikan dunia online dan produksi, yang dijalankan menggunakan internet sebagai penopang utama. Secara sederhana, revolusi industri

Baca »
Pembubaran PT (Perseroan Terbatas) adalah proses yang harus dilalui apabila suatu perusahaan ingin mengakhiri operasional dan aktivitasnya secara resmi. Proses pembubaran PT memiliki beberapa langkah yang harus diikuti dengan teliti dan cermat agar tidak menimbulkan masalah di kemudian hari. Di sini, LegalKu hadir untuk membantu dan mempermudah proses pembubaran PT Anda dengan layanan yang handal dan profesional.
pembubaran pt

Pembubaran PT: Langkah-langkah dan Prosesnya

Pembubaran PT (Perseroan Terbatas) adalah keputusan yang tidak diambil dengan ringan oleh pemilik perusahaan. Proses pembubaran PT memerlukan perencanaan, persiapan, dan pelaksanaan yang cermat untuk memastikan bahwa semua aspek hukum dan administrasi terpenuhi dengan baik. Di tengah kompleksitas proses pembubaran PT, Legalku hadir sebagai mitra yang siap membantu dan memandu Anda melalui setiap langkah dengan profesionalisme dan kepercayaan.

Dalam artikel ini, kami akan membahas langkah-langkah yang perlu diambil dalam proses pembubaran PT serta layanan yang kami tawarkan di LegalKu untuk memudahkan dan memperlancar proses tersebut. Dari konsultasi hingga penyelesaian pembubaran, Legalku siap menjadi mitra terpercaya yang akan mendampingi Anda dalam menghadapi proses pembubaran PT.

Baca »
Semua Layanan Legalku
LegalDoc

Buat Dokumen Praktis

LegalBizz

Urus Legalitasmu

IUMK

Izin Usaha Praktis

Merek

Terdaftar & Terjamin

Edar BPOM

Aman & Terjamin

PIRT

Majukan Usahamu

Izin PSE

Praktis & Mudah

Izin Apotek

Dapatkan Izinmu

Retainer Legal

Oleh Staf Profesional

Retainer ENP

Menjamin Kemulusan Usahamu

Pajak

Mudah & Aman

Kitas

Untuk Izinmu

Sworn Translator

Penerjemah Tersumpah

PT Singapura

Handal & Terjangkau

PT Perorangan

Untuk Usaha Lebih Aman

Pendirian PT

Majukan Usahamu

Sertifikat Halal

Untuk Usahamu Terjamin

LKPM

Pelaporan Praktis

LegalSIstance

Cepat & Membantu

Sertifikat Standard

Buat Izin Uusahamu

Founders Agreement

Buat Mudah Usahamu

PT PMA

Investor Asing

Agreement

Buat Kesepakatan

Shareholder Agreement

Tidak Perlu Repot

Legal Checkup

Cek Izin Usahamu Disini

NIB

Mulai Izin Usaha

Legalku Q&A
Pendirian PT

PMDN – PMA

Drafting Agreement

Drafting Agreement

Terkait Investasi

Legalitas Terkait Investasi

Izin Usaha

Legalitas Izin Usaha

HKI

Hak Kekayaan Intelektual

Legal Due Diligent

Majukan Usahamu

Lainnya

Lihat Semua Knowledge Hukum

Voucher Form

Dapatkan voucher potongan harga dengan mengisi form berikut.

*Setelah mengisi Form diatas, kami tidak akan lagi mengirim Pop-Up ini kepadamu :)
*Oh iya Tenang, kami tidak akan melakukan SPAM kok
Check Keabsahan Legalitas

Berdasarlan PP No. 43 Tahun 2011 tentang Tata Cara Pengajuan dan Pemakaian Nama Perseroan Terbatas minimal 3 kata dan dilarang menggunakan bahasa asing. Untuk PT Perorangan juga berlaku ketentuan yang sama.

Format Penulisan: HURUF BESAR.
Contoh: PT LEGALKU DIGITAL TEKNOLOGI