Discovering the Prospect of Securities Crowdfunding for Startup Ecosystem
Four operators are already submit for SFC license
OJK's act to expand alternative capitals for SMEs from equity crowdfunding (ECF) to securities crowdfunding (SCF) should be appreciated as the previous regulation had many cracks that did not accommodate SMEs, which were most are yet to be a form of limited liability companies.
The detailed regulations are contained in POJK 57/2020 concerning Securities Offerings through Information Technology-Based Crowdfunding Services, replacing POJK 37/2018 which has a limited concern to stock-based crowdfunding services and Islamic stocks.
The regulation, which contains 13 chapters and 92 articles, contains the detail of licensing, business activities, obligations and prohibitions, reporting, practice of securities offering and trading, also sanctions.
Already have an account? Login
Not ready to subscribe yet? Purchase and access this article
Subscribe to keep reading and get unlimited premium article access with all subscription benefit
Subscribe and get:
- Access to premium article
- Download paid research
- Premium newsletter
- Ads free
Choose your subscription period:
Rp 150,000 /month
Pay for a month
- Rp 450,000
Rp 350,000 /quarter
Pay for 3 months
- Rp 1,800,000
Rp 1,033,000 /year
Pay for a year
Sign up for our
newsletter