​SP 147/GKPB/OJK/IX/2023

 
PRESS RELEASE
OJK ISSUES REGULATION ON ISSUANCE AND REQUIREMENTS FOR DEBT AND SUKUK SECURITIES BASED ON SUSTAINABILITY

Jakarta, October 19, 2023. Indonesia Financial Services Authority (OJK) issues Financial Services Authority Regulation Number 18 of 2023 on Issuance and Requirements for Debt Securities and Sukuk Based on Sustainability (POJK 18/2023).

The issuance of POJK 18/2023 is a follows-up to the sustainable finances roadmap to develop capital market industry through Securities and Sukuk (EBUS) (EBUS), which integrates sustainability values such as preserving the environment and social impacts as well as encouraging the development of sustainability based EBUS.

Furthermore, the issuance of POJK 18/2023 is one of OJK's response to the global and ASEAN regional issue in mitigating the impact of climate changes, which was taken up as Indonesia's commitment in the Paris Agreement.

POJK 18/2023 replaces POJK Number 60/POJK.04/2017 on the Issuance and Requirements for Environmental-centric Debt Securities (Green Bond) by expanding the regulations regarding the types of securities, sustainability as the theme, and the securities issuance mechanism.

Therefore, POJK 18/2023 will not only regulate green bonds, but also green sukuk, social bonds/sukuk, sustainability bonds/sukuk, sukuk-linked waqf, and sustainability-linked bonds.

The regulatory substances of POJK 18/2023 are as follows:

1. The scope of POJK includes the regulation on EBUS issuance carried out through Public Offering and issuance without Public Offering upon Securities with due date of more than one year.

2. ​Issuer's obligation to comply with the laws and regulations in the Capital Market sectors and other related regulations, unless specifically regulated in this POJK.

3. Regulation on the types of sustainability based EBUS.

4. Requirements of types of sustainability based EBUS.

5. Sustainability based EBUS Registration Document and Issuance Without Public Offering Document.

6. Sustainability based EBUS Issuance Information Prospectus and Memorandum.

7. Changes on Funds Usage from the Sustainability based EBUS Issuance.

8. Sustainability-centric EBUS Reporting.

9. Status changes on Green sukuk, Social bonds/ sukuk, Sustainability bonds/ sukuk, and Sukuk-linked waqf.

10. External Review Service Provider and Independent Parties

11. Sustainability based EBUS Issuance Incentive

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For more information:

Head of Literacy, Financial Inclusion and Communication Department - Aman Santosa;

Tel. (021) 29600000; E-mail: humas@ojk.go.id