Other Financial Market Advisory
Aktivitas Advisori Pasar Keuangan Lainnya
🏦 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.
Financial Market Advice: Open Nationally, Closed to PMA in Bali
This advisory activity is nationally open to full foreign ownership, yet Bali’s permanent PMA moratorium blocks registration at a Bali address.
A national 100% foreign-ownership ceiling does not create a PMA registration path in Bali under the island-wide moratorium.
Direct 1:1 match from KBLI 2020 — code and scope unchanged.
What You Need
Who This Is For
A foreign entrepreneur in a regulated sector who is prepared to clear a sector-specific licensing review before registering.
Regulatory Divergence
The licensing previously shown for 66159 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 66159 'Aktivitas Advisori Pasar Keuangan Lainnya' (other financial-market advisory not elsewhere classified — financial consultants, mortgage advisers and brokers, mortgage consultants, and other investment consultants, e.g. robo-advisor services) carries a served per_skala row verified this session, by direct read of the canonical payload, to be the SAME cooperative-rating licensing regime documented above for the other codes in this lot's payload_cross_contamination class (byte-identical kewajiban block) — topically unconnected to financial-market advisory services. canonical status_mapping='MATCH_LANGSUNG', pp28_sources=['66159'] — crosswalk metadata NOT disputed by this cure; the defect is confined to the served payload. Per the detach-all rule (same convention as Lot 1/2/3), the entire per_skala array is detached. per_skala detached; the licensing regime for other financial-market advisory is not retrievable from the pinned sources as hunted. Lot 4 conductor gate (second signing), run wf_66ea406e-b0d, 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 other financial market advisory business in Indonesia?
What license is required for KBLI 66159?
What is KBLI 66159?
How did KBLI 66159 change from KBLI 2020 to 2025?
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