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FINWIRES

Market Chatter: Indonesia Plans Higher Capital for Brokers, Fund Managers

-- Indonesia's financial regulator plans to raise minimum capital requirements for securities firms and some asset managers, aiming to reduce risks of market manipulation and strengthen investor confidence, Reuters reported Thursday, citing an official.

The Financial Services Authority will introduce a tiered system where firms with higher capital can offer a wider range of services, while smaller players will face tighter limits.

Under the changes, the minimum capital for the smallest brokerage firms will be doubled to 1 billion Indonesian rupiah, with top-tier firms required to hold significantly more. Asset managers offering full services will also face higher capital and asset thresholds.

The move follows concerns raised by MSCI earlier this year about the transparency and accessibility of Indonesia's stock market. Authorities also plan stricter compliance requirements for certain firms, after data showed a notable share of market manipulation cases involved brokers or their executives.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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