Indonesia’s Financial Services Authority (OJK) has imposed 1,277 administrative sanctions, prohibitions and written orders so far in 2026.

These were issued to issuers, public companies, capital market support professions and other related parties, for capital market and reporting compliance violations, according to OJK’s own press release.

OJK said the enforcement actions are meant to protect market integrity and maintain public trust in Indonesia’s capital market.

Capital Market Violations

OJK issued 93 sanction letters for capital market rule violations. These comprised administrative fines totaling Rp73.99 billion, 8 written warnings, 5 written orders, 10 prohibitions and 6 license freezes.

OJK directed these sanctions at issuers, their directors and commissioners, and securities companies acting as underwriters.

Public accountants, accounting firms and controlling shareholders were also among those sanctioned.

The violations covered a range of issues, including the flow of funds from public offerings and IPO share allotment processes.

They also included financial statement presentation and audits, along with share buyback transfer obligations.

OJK also cited violations related to affiliate and conflict-of-interest transactions, annual shareholder meetings, auditor appointment processes, and issuer governance.

By party type, issuer directors accounted for the largest group sanctioned, with 50 penalized, followed by 23 issuers, 13 public accountants or accounting firms, 8 issuer commissioners, 6 securities companies, 6 securities company directors, 4 shareholders or controllers, and 3 other parties.

Companies named among those sanctioned include PT Bakrie Telecom Tbk, PT Bakrie & Brothers Tbk, PT Sawit Sumbermas Sarana Tbk, and PT Nippon Indosari Corpindo Tbk.

Reporting Compliance Violations

Separately, OJK issued 1,184 administrative sanctions for reporting compliance failures, with combined fines of Rp253.07 billion and 304 written warnings.

Late periodic report submissions accounted for the bulk of these, 876 sanctions worth Rp243.33 billion in fines and 126 warnings. Late incidental reports drew 91 sanctions worth Rp7.87 billion, while late governance-related reports resulted in 209 sanctions worth Rp1.83 billion and 178 warnings.

Capital market support professions accounted for 8 sanctions worth Rp32.3 million.

OJK said it will continue taking firm action within its authority to encourage industry compliance and deter violations, aiming to keep Indonesia’s capital market orderly, fair, efficient and well-governed.

Featured image: Edited by Fintech News Indonesia based on an image by Magnific.