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News Updates 09 November 2024
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OJK Issues POJK Number 16 of 2024, PT SMI Reveals Its Impact

The Financial Services Authority (OJK) has officially issued the Financial Services Authority Regulation (POJK) Number 16 of 2024 concerning the Supervision of PT Sarana Multi Infrastruktur (Persero) or PT SMI.

Responding to this, PT SMI said that the company felt the impact of the issuance of this provision.

"The impact on PT SMI's business is the addition of financing objects, namely industrial ecosystem infrastructure and battery-based electric motor vehicle infrastructure," said PT SMI to KONTAN, Saturday (9/11).

In addition, PT SMI can provide financing for sectors or areas of climate change mitigation or adaptation. The implementation related to climate change mitigation or adaptation will be further studied by the company.

In general, PT SMI explained that POJK 16/2024 revoked POJK 46/2020 which was previously in effect. This is due to the enactment of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector, which states that PT SMI is an infrastructure financing company and/or development activities formed due to a special assignment from the government and is not included in the scope of the financing services business.

Thus, PT SMI, which has obtained a business license as an infrastructure financing company guided by Financial Services Authority Regulation Number 46/POJK.05/2020 concerning Infrastructure Financing Companies, needs to be adjusted to current conditions in order to implement supervision of PT SMI.

As of September 2024, the value of PT SMI's financing and investment commitments reached IDR 147.39 trillion and the outstanding reached IDR 93.15 trillion.

 

keuangan.kontan.co.id

 

 

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