The policy intended as as a new stock market stimulus is expected to prevent sharp fluctuation in the stock market.Jakarta (ANTARA News) - The Financial Service Authority (OJK) plans to issue a regulation allowing publicly listed companies to buy back their shares from the public.
The new regulation is expected to be issued by the end of the third week of August, the agency said in a news release here on Friday.
The policy intended as as a new stock market stimulus is expected to prevent sharp fluctuation in the stock market.
The policy is a follow up of the stimulus policy package issued on July 24 to deal with the regional and global economic condition.
OJK said it has and will continue efforts to maintain the confidence of the market players in the countrys stock market.
OJK has held a series of meetings with relevant agencies and organizations after issuing the stimulus package.
On Aug. 3 OJK held a meeting with 200 publicly listed companies in a bid to maintain their confidence as well as investors confidence.
It also held a meeting with leaders of 15 associations such as the Institute of Internal Auditor (IIA) Indonesia, the Communications Forum of Directors of Obedience (FKDKP), Association of Certified Fraud Examiners (ACFE) Indonesia, and Indonesian Association of Audit Committee(IKAI), to encourage the associations to take part in overseeing application of good corporate governance principles by financial service industrialists.
There has also been similar meeting between OJK and the managements of state companies and subsidiaries in the attempt to strengthen the countrys stock market.(*)
Editor: Heru Purwanto
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