For the purpose of promoting increased investment in mutual funds, the Financial Services Authority (“OJK”) recently issued Circular Letter No. 7/SEOJK.04/2014 titled the Application of Implementing Face-to-Face Meetings for the Acceptance of Holders of Mutual Fund Securities to Open an Account Electronically, and Electronic Subscription and Redemption of Mutual Fund Securities (“Circular Letter”).
Mutual Funds: Electronic Subscription and Redemption
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