​​Indonesia Financial Services Authority herewith announces the results of the formal investigation in the case of violations of Capital Market regulations by PT Nadira Investasikita Bersama. 

Considering the facts and information obtained during the formal investigation, on September 19, 2023 Indonesia Financial Services Authority imposes Business Licence Revocation as Securities Companies Conducting Business Activities As Broker-Dealers Specially Established To Market Mutual Funds on PT Nadira Investasikita Bersama for being proven to violate Capital Market Regulation and PT Nadira Investasikita Bersama fulfilled the following conditions as mentioned on the provisions of Article 49 letter b jo. Article 51 letter a POJK Number 39/POJK.04/2014 concerning Mutual Funds Selling Agent because PT Nadira Investasikita Bersama as follows: 

1. office not found; 
   

2. within a period of 2 (two) consecutive years does not carry out business activities as an Mutual Funds Selling Agent;

3. did not have employees to carry out Mutual Funds Selling Agent functions;

4. unable to comply with the Specific Action Order; 

5. did not submit periodic reports to OJK since June 2021.

Following the Revocation Of The Business License as Securities Companies Conducting Business Activities As Broker-Dealers Specially Established To Market Mutual Funds mentioned above, PT Nadira Investasikita Bersama:

1. ​is prohibited from conducting business activities as BrokerDealers Specially Established To Market Mutual Funds;

2. is required to complete all obligations to OJK regarding administrative sanction in the form of monetary penalty through System Information Penerimaan OJK or SIPO (if any);

3. is required to execute dissolution of the Securities Company no later than 180 (one hundred and eighty) days after this decision letter is stipulated, as regulated in Article 46 paragraph (1) and paragraph (2) of the Financial Services Authority Regulation Number 3/POJK.04/2021 concerning Organizing Activities in the Capital Market Sector; and

4. is prohibited to use the name and logo of the Company for any purposes and activities, other than for activities related to the dismissal of the Limited Liability Company.