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No. ATT. Jakarta, (Account Holder) Re : Sub Account Lockup Confirmation (Lock Up) Dear Sirs, Referring to information we received from (Account Holder) through Letter No. dated regarding Securities
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What is re sub account lock-up?
Re sub account lock-up refers to the requirement for certain entities to hold a portion of a sub account's assets locked up for a specific period of time, prohibiting withdrawals or transfers.
Who is required to file re sub account lock-up?
Entities that maintain sub accounts subject to lock-up requirements are required to file re sub account lock-up.
How to fill out re sub account lock-up?
To fill out re sub account lock-up, entities need to provide the necessary information and declarations as outlined in the filing instructions and submit the completed form to the relevant authority.
What is the purpose of re sub account lock-up?
The purpose of re sub account lock-up is to ensure the stability and integrity of the financial system by restricting the movement of certain sub account assets within specified timeframes.
What information must be reported on re sub account lock-up?
Entities filing re sub account lock-up must report detailed information about the locked-up sub account, including its assets, duration of lock-up, and any exceptions or exemptions applied.
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