Happy Independence Day! As we commemorate this momentous occasion in our beloved nation’s history, we’re excited to bring you the latest legal updates in our newsletter, celebrating progress and growth in our nation’s legal landscape.

This month’s newsletter brings you the latest developments in Indonesia’s mining and finance sectors, where several key legislative updates have been introduced. In mining, new regulations have been enacted for licensing, and for the reopening of reclaimed areas. Additionally, the deadlines for exporting refined copper, iron, lead, and zinc have been extended, to support companies still completing their refining facilities.

In finance, upcoming regulations effective on 28 August 2024, will increase transparency in the capital markets by strengthening disclosure requirements for public companies. The Indonesia Stock Exchange has also introduced new rules on delisting and relisting, focusing on enhanced investor protection, while Bank Indonesia has rolled out new cybersecurity measures to combat rising threats in the financial sector. Moreover, updated guidelines for stock splits and reverse stock splits streamline the approval process, ensuring greater oversight and protection for investors.

As always, if you have any questions or need further clarification on these recent regulatory updates, please don’t hesitate to reach out to your contact at BLP. We’re here to help you navigate these changes and ensure your business is fully compliant and prepared. Thank you for trusting us as your partner, and we look forward to continuing our work together.