Non-Money Market Investment Fund
Aktivitas Dana Investasi Bukan Pasar Uang
🏦 Section K — Financial & Insurance Activities
In Bali: a PT PMA cannot register this code
National procedure — does not apply to a PT PMA in Bali
In Bali this activity is blocked for a PT PMA under the 13 May 2026 moratorium. The national procedure below applies only to non-PMA operators.
Investment Funds Beyond the Money Market: Open Nationally, Closed in Bali
This activity is nationally open to foreign investment, yet Bali’s permanent PMA moratorium prevents registration at a Bali address.
Nationally open does not mean registrable in Bali: the permanent PMA moratorium is decisive at a Bali address.
KBLI 2020→2025 mapping: code renumbered.
What You Need
Who This Is For
Foreign fund managers or investment firms aiming to launch a publicly offered investment fund in Indonesia that focuses on longer-term assets rather than money market instruments.
Regulatory Divergence
The licensing previously shown for 64320 was removed because its source could not be verified as applying to this activity. Here is what the sources actually say — with citations.
Correction note — verbatim, with source locators
KBLI 2025 code 64320 'Aktivitas Dana Investasi Bukan Pasar Uang' (non-money-market investment funds — collective investment schemes issuing shares/units, investing chiefly in financial assets other than short-term/non-financial assets) carries canonical status_mapping='CODICE_RINUMERATO', kbli_2020_source='64300', pp28_sources=['64300'], mapping_note 'Agent mapping: 64300 (Trust, Pendanaan dan Entitas K...) [high]'. The pinned PP28 corpus records ABSENT for code 64300 across all 21 lampiran files (11,208 pages, text-hunt) — the cited source row is not retrievable from the pinned corpus as hunted. Chain-of-custody note (Lot 3 gate report §3.2, same split pattern as 60201): the D1 seat for this code ALSO independently flagged mapping_metadata_false; the conductor ruled source_absent_in_vault PRIMARY (same ruling as 60201: the PP28 pointer failure is the harm blocking any licensing basis, the metadata finding is concomitant and recorded). CROSS-CHECK (verified this session): 64330 (this same spec, below) cites the IDENTICAL kbli_2020_source/pp28_sources value ('64300') at the same [high] confidence — two distinct 2025 codes both claiming the same single 2020 code as a 1:1 renumbering source, which is itself a red flag consistent with an unverifiable/misattributed pointer rather than two genuine independent 1:1 matches. per_skala detached, preserved under the disputed key for audit; a future image-grade lampiran sweep may restore it WITH provenance. Lot 3 conductor gate (second signing), run wf_c00a9ec4-c61, 2026-07-19.
The detached licensing rows (source unverified for this activity)1 row
These rows were previously shown on this page and have been detached — the correction note above documents, with source locators, why their source could not be kept for the activity this page describes. They are preserved here as the audit trail of the divergence.
Sources & Verification
Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.
Title and scope as defined by the KBLI-2025 classification.
locator: OSS_RBA_2025_id_version_fff4053d
The previously-served rows were removed because their source could not be verified as applying to this activity. See Regulatory Divergence above for the documented correction note.
The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.
Conservative posture derived from the risk tier · confidence LOW.
Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.
Can foreigners operate a non-money market investment fund business in Indonesia?
What license is required for KBLI 64320?
What is KBLI 64320?
How did KBLI 64320 change from KBLI 2020 to 2025?
Related Codes
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Aktivitas Trust, Warisan, dan Keagenan
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Aktivitas Dana Pasar Uang
Financial Leasing
Aktivitas Sewa Guna Usaha Finansial
Conduit Financing
Aktivitas Pembiayaan Conduit
International Trade Financing
Aktivitas Pembiayaan Perdagangan Internasional
Holding Company
Aktivitas Perusahaan Induk
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