Jakarta. The Financial Services Authority (OJK) closed 2025 with a series of regulatory milestones and service transformations aimed at strengthening the capital market, financial derivatives, and carbon exchange ecosystem.

Inarno Djajadi, chief executive for capital markets, financial derivatives, and carbon exchange supervision at OJK, said the policies rolled out throughout the year were designed to reinforce market integrity, improve transparency, and deepen liquidity.

“In line with the performance achieved by Indonesia’s capital market throughout 2025, OJK has completed and issued a number of key policies,” Inarno said at the 2025 year-end trading closure ceremony at the Indonesia Stock Exchange on Tuesday.

Among the major regulations issued this year was OJK Regulation (POJK) No. 1/2025 on securities-based financial derivatives, which provides the legal framework for supervising derivatives transactions with securities as the underlying assets. OJK also released POJK No. 9/2025 on the dematerialization of equity securities and the management of unclaimed assets in the capital market, aimed at enhancing legal certainty.

Another key policy, POJK No. 15/2025, governs the assessment of mutual funds and investment managers based on ratings and rankings. The regulation is expected to improve transparency regarding the quality of investment managers and mutual fund products.

Inarno added that OJK published a guidebook titled “Understanding Carbon Trading for the Financial Services Sector” on July 15, 2025, to help industry players and the public better understand carbon trading mechanisms while supporting sustainable economic development and Indonesia’s net-zero emissions target.

On the operational front, OJK has transformed its services by integrating Sprint OJK with the Indonesian Central Securities Depository (KSEI) system for mutual fund product registration.

“This integration streamlines the licensing process into a single gateway, shortens service time, and improves data accuracy. Going forward, it will be expanded to cover share records and other services,” Inarno said.

OJK also reaffirmed its commitment as a signatory to the Multilateral Memorandum of Understanding (MMOU), a move seen as crucial to ensuring Indonesia’s capital market upholds integrity and transparency in line with global standards.

Looking ahead, Inarno called on all stakeholders to continue strengthening collaboration with the government, industry, and the public to support national strategic programs and drive strong, inclusive, and sustainable economic growth.