Suara.com – The market’s Financial Services Authority (OJK) suspended the license of Investment Manager PT Maseri Asset Management because it violated capital market regulations because it did not have an office.
Apart from that, Maseri Asset Management also does not carry out activities as an investment manager, does not have employees to carry out Investment Manager functions, cannot fulfill Certain Action Orders; and has not submitted a report to the OJK since June 2020.
Quoting OJK’s statement, Friday (22/9/2023) the above conditions violate the provisions of Number 7 letter a point 2) jo. letter f point 1) letter a), letter b), letter c), and letter d) Regulation Number VA3 Attachment to Decision of the Chairman of Bapepam and LK Number Kep479/BL/2009 dated 31 December 2009 concerning Licensing of Securities Companies Carrying Out Business Activities as Managers Investment.
“Maseri Asset Management was banned from carrying out business activities as an Investment Manager,” said the statement.
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Then, OJK is also required to complete all obligations to customers in business activities as an Investment Manager if any.
Then you are required to complete all obligations for Administrative Sanctions in the form of Fines to the OJK through the OJK Revenue Information System if any.
Next, you are required to disband the Securities Company no later than 180 days after this decision letter is issued, as regulated in Article 46 paragraph (1) and paragraph (2) of Financial Services Authority Regulation Number 3/POJK.04/2021 concerning the Implementation of Activities in the Market Sector Capital
Lastly, Maseri Asset Management is prohibited from using the Company’s name and logo for any purpose and activity, other than for activities related to the dissolution of the Limited Liability Company.
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