KBLI 66191

Securities Transaction Financing

Aktivitas Pendanaan untuk Transaksi Efek

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect MatchRegistrable in Bali· medium conf.

This covers businesses that provide loans of cash or securities to broker-dealers, enabling them to execute transactions like margin trading, short selling, and repurchase agreements (repos) in the capital market.

What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

In Bali, the island-wide moratorium (in force since 13 May 2026) only halts PMA registrations for Low and Medium-Low risk lines — this KBLI's large-scale (Besar) risk class is higher, so it is not caught: PMA registration in Bali remains possible.

Who This Is For

Foreign entrepreneurs with a background in prime brokerage, securities lending, or capital markets financing who want to extend credit facilities to broker-dealers in Indonesia.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

ProcessingSesuai ketentuan OJK/BI

2020 → 2025

Previous codes (KBLI 2020): 66191

Common Questions

Can foreigners operate a securities transaction financing business in Indonesia?

Yes. KBLI 66191 (Aktivitas Pendanaan untuk Transaksi Efek) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 66191?

KBLI 66191 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 66191?

KBLI 66191 is the Indonesian business classification code for "Aktivitas Pendanaan untuk Transaksi Efek" (Securities Transaction Financing). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.

How did KBLI 66191 change from KBLI 2020 to 2025?

KBLI 66191 was mapped from previous code 66191 (KBLI 2020). This is a direct match — the code number and scope remained the same. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

66192Section K

Trust Custody & Management

Penitipan dan Pengelolaan Berdasarkan Perjanjian Trust

→

Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk

66162Section K

Sharia Fintech P2P Lending

Jasa Intermediasi Pinjam Meminjam Uang Berbasis Teknologi Informasi Syariah

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

66193Section K

Securities Rating

Pemeringkatan Efek

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

66161Section K

Conventional Fintech P2P Lending

Jasa Intermediasi Pinjam Meminjam Uang Berbasis Teknologi Informasi Konvensional

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

66194Section K

Securities Price Valuation

Penilaian Harga Efek

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

66159Section K

Other Financial Market Advisory

Aktivitas Advisori Pasar Keuangan Lainnya

→

Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk

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KBLI 66191

Securities Transaction Financing

Aktivitas Pendanaan untuk Transaksi Efek

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect MatchRegistrable in Bali· medium conf.

What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

Who This Is For

Foreign entrepreneurs with a background in prime brokerage, securities lending, or capital markets financing who want to extend credit facilities to broker-dealers in Indonesia.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

ProcessingSesuai ketentuan OJK/BI

2020 → 2025

Previous codes (KBLI 2020): 66191

Common Questions

Can foreigners operate a securities transaction financing business in Indonesia?

Yes. KBLI 66191 (Aktivitas Pendanaan untuk Transaksi Efek) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 66191?

KBLI 66191 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 66191?

How did KBLI 66191 change from KBLI 2020 to 2025?