​Indonesia Financial Services Authority (OJK) herewith announces the results of formal investigation in the case of violations of Capital Market regulations by PT Pratama Capital Assets Management.

Considering the role and involvement of each Persons in the violations and in order to create deterrence effect for financial services industry players, on October 14th, 2026 OJK imposes administrative sanctions as follows:

1. OJK imposes PT Pratama Capital Assets Management an Administrative Sanction in form of revocation of the Securities Company business license as an Investment Manager because PT Pratama Capital Assets Management was proven to have committed the following violations:

   a. Provisions of Article 3 paragraph (3) POJK Number 24/POJK.04/2014 because there was a concurrent position held by the President Director as the Coordinator o​f Investment Function and Research of PT Pratama Capital Assets Management;

   b. Article 8 paragraph (3) POJK Number 24/POJK.04/2014 because there was a concurrent position held by the Coordinator of Risk Management, Compliance, and Internal Audit Functions and the Investment Management Team;

   c. Articles 15 and 19 POJK Number 24/POJK.04/2014 juncto. Article 47 paragraphs (4), (5), and (7) POJK Number 17/POJK.04/2022 because PT Pratama Capital Assets Management did not update and implement its risk management strategy since 2020;

   d. Section 3 letter a Regulation V.A.3 as revoked and re regulated in Article 26 paragraph (2) POJK Number 5 of 2026 and Article 21 paragraph (2) POJK Number 10/POJK.04/2018 because since 2019 PT Pratama Capital Assets Management did not have an Commissioner Independent and only submitted the nomination of a candidate for Independent Commissioner to OJK on August 25th, 2023;

   e. Article 6 paragraph (1) letter l juncto. Article II point 1 POJK Number 2/POJK.04/2020 concerning Amendments to OJK Regulation Number 23/POJK.04/2016 concerning Mutual Funds in the Form of Collective Investment Contracts because PT Pratama Capital Assets Management did not dispose of Securities from prospective or Unit Holders and/or Affiliated Parties within the deadline of January 9th, 2023 in Pratama Dana Cemerlang Saham Mutual Fund and Pratama Dana Mantap Saham Mutual Fund;

   f. Article 27 paragraph (1) of Law Number 8 of 1995 concerning the Capital Market (UUPM) juncto. Article 6 paragraph (1) letter d and Article 8 POJK Number 23/POJK.04/2016 because the composition of KIJA shares in Pratama Dana Cemerlang Saham Mutual Fund, Pratama Dana Saham Unggulan Mutual Fund, Pratama Dana Alpha Saham Mutual Fund, Pratama Dana Atraktif Saham Mutual Fund, and Pratama Dana Gemilang Saham Mutual Fund exceeded 10% (ten percent) as a result of transactions conducted by PT Pratama Capital Assets Management and was not adjusted within more than 10 (ten) trading days from the receipt of the notification letter from the Custodian Bank;

   g. Article 27 paragraph (1) of Law Number 8 of 1995 junctis. Article 2 letter c, Article 2 letter g POJK Number 17/POJK.04/2022 and Article 23, Article 25, Article 27, and Article 29 POJK Number 17/POJK.04/2022 because PT Pratama Capital Assets Management did not perform its duties in good faith and with full responsibility solely for the interest of the Mutual Funds, where in its management PT Pratama Capital Assets Management did not apply the principles of professionalism and protection of customer assets by having adequate working papers and investment decisions based on rational reasons;

   h. Article 37 paragraphs (2) and (3) POJK Number 17/POJK.04/2022 because PT Pratama Capital Assets Management did not conduct periodic review of the appointment of Broker-Dealers (Perantara Pedagang Efek/PPE) and executed Securities transactions through 1 (one) Broker-Dealer exceeding 30% (thirty percent) of the total transaction value for 1 (one) year in 2023 and 2024;

   i. Article 35 paragraph (1) POJK Number 10/POJK.04/2018 and Article 4, Article 6 paragraph (1) POJK Number 33/POJK.04/2019 jis. Article 2 letter k POJK Number 17/POJK.04/2022, Article 7 paragraph (1) POJK Number 33/POJK.04/2019, and Article 96 POJK Number 3/POJK.04/2021 because as an Investment Manager that owns and manages Sharia Mutual Fund products, PT Pratama Capital Assets Management did not have a Sharia Supervisory Board and did not implement Sharia principles in the Capital Market in accordance with the provisions. Furthermore, the required submission of annual supervisory report on the fulfillment of compliance with Sharia Principles in the Capital Market for the supervised Pratama Sharia Mutual Funds was not submitted.

   j. Article 7 paragraphs (2) and (3) POJK Number 21/POJK.04/2017 because PT Pratama Capital Assets Management did not report 17 (seventeen) Reports on the Termination of KPD between PT Pratama Capital Assets Management and Customers within a maximum period of 10 (ten) business days from the Individual Customer Portfolio Management Agreement.

   k. Article 54 paragraph (4) POJK Number 17/POJK.04/2022 because PT Pratama Capital Assets Management did not submit the Asset and Liability Liquidity Profile Assessment Report and Investment Product Stress Test Report for the periods of April and May 2026.

   l. Article 4 paragraph (2) POJK Number 51/POJK.03/2017 because PT Pratama Capital Assets Management was late in submitting the Sustainable Finance Action Plan Report for Investment Managers for the 2026 reporting period.

   Following the revocation of its business license as an Investment Manager, OJK to orders PT Pratama Capital Assets Management to cooperate and support the Custodian Bank appointed by OJK in carrying out the dissolution of Mutual Funds, as follows:

   a. Pratama Dana Alpha Saham Mutual Fund
   b. Pratama Dana Atraktif Saham Mutual Fund
   c. Pratama Dana Cemerlang Saham Mutual Fund
   d. Pratama Dana Gemilang Saham Mutual Fund
   e. Pratama Dana Mantap Saham Mutual Fund
   f. Pratama Dana Campuran Mutual Fund
   g. Pratama Dana Unggulan Mutual Fund Saham
   h. Pratama Dana Dinamis Saham Mutual Fund
   i. Pratama Saham Mutual Fund
   j. Pratama Investa Saham Mutual Fund Mandiri
   k. Pratama Syariah Mutual Fund
   l. Pratama Pendapatan Tetap Mutual Fund
   m. Pratama Dana Maksimum Saham Mutual Fund
   n. Pratama Dana Optimum Saham Mutual Fund Dana
   o. Pratama Ekuitas Mutual Fund

2. OJK imposes Mr. Iwan Margana as the President Director of PT Pratama Capital Assets Management an Administrative Sanction in the form of revocation of the Investment Manager Representative License and a prohibition on serving as a commissioner, director, and/or company management personnel in Financial Services Sector for 5 (five) years from the date of the sanction decision, as the person concerned has been proven to have caused PT Pratama Capital Assets Management to commit the violations.

3. OJK imposes Mr. Alfa Sri Aditya as the Director of PT Pratama Capital Assets Management an Administrative Sanction in the form of revocation of the Investment Manager Representative License and a prohibition on serving as a commissioner, director, and/or company management personnel in Financial Services Sector for 2 (two) years from the date of the sanction decision, as the person concerned has been proven to have caused PT Pratama Capital Assets Management to commit the violations.
   

4. OJK imposes Mr. Janto Supandi as the Director of PT Pratama Capital Assets Management an Administrative Sanction in the form of revocation of the Investment Manager Representative License and a prohibition on serving as a commissioner, director, and/or company management personnel in Financial Services Sector for 2 (two) years from the date of the sanction decision, as the person concerned has been proven to have caused PT Pratama Capital Assets Management to commit the violations.