Equity Securities Settlements Overhauled: Clearing Members Required to Transition to New Account-Based Settlement Structure

PT Kliring Penjaminan Efek Indonesia (“ KPEI ”) has issued a new version of Rule No. II-5 (“ Current Rule II-5 ”) on the Clearing and Guarantee of Exchange Transaction Settlements for Equity Securities, as the Appendix to Decree of the Board of Directors of KPEI No. KEP-031/DIR/KPEI/0626 (“ Decree 31/2026 ”). The enforcement of Current Rule II-5 has resulted in the repeal and replacement of the following legal frameworks: [1]