The Investment Manager Business License of Paytren Revoked by OJK

FINANCIAL SERVICES - JAKARTA. JAKARTA. The Financial Services Authority (OJK) has imposed administrative sanctions on PT Paytren Asset Management. The OJK's sanction involves the revocation of the company's business license as a Sharia investment manager. 

Yunita Linda Sari, Deputy Commissioner for Capital Market and Securities Agency Investment Management Supervision at the OJK, explained in a release on Monday (13/5) that after an inspection and further supervision process on May 8, 2024, Paytren was found to have violated capital market laws.