The Financial Services Authority has introduced significant new obligations for commercial banks relating to the provision of digital services.* The purpose of the new regulations is to provide a robust…
In the digital era where geographic borders are blurred and opportunities are vast, Indonesia's recent amendments to the Information and Electronic Transactions Law (IET Law)1 are reshaping the way international…
The Financial Services Authority has issued new regulations (the New Regulations) regarding share buybacks.* The New Regulations address the mechanism for share buybacks by public companies and the transfer of…
Bank Indonesia has introduced new stringent consumer protection regulations (New Regulations) that apply to any party providing consumer products or services, which are regulated by Bank Indonesia.* The New Regulations…
Toward the end of 2023, the Indonesian Financial Services Authority (“OJK”) published new regulations on the processes and mechanisms pertaining to the licensing of electronic financial services and products.* The…
The Indonesian Financial Services Authority ("OJK") has taken a significant leap in integrating information technology into collaborative financing services with its Circular Letter No. 19/SEOJK.06/2023 (the "Regulation"),1 which came into…
Indonesia’s Financial Services Authority (FSA) recently enacted the FSA Regulation No. 17 of 2023 concerning the Application of Governance for Commercial Banks (the New Regulations) on 14 September 2023. In…
The Indonesian government aims to integrate activities relating to environmental sustainability and social enterprises into Indonesia’s financial legislative framework. To further this aim, the Financial Services Authority (Otoritas Jasa Keuangan/OJK)…
The Minister for Energy and Mineral Resources has issued new regulations to streamline the administration of mining business licenses.* The new regulation addresses several problems in the administration of mining…
The Financial Services Authority (FSA) has issued a Circular Letter to regulate the buyback of shares and the subsequent public-to-private transition of a company due to a listing cancellation.* The…