The Government has amended the Electricity Law.* which focus on electricity supply management from Central and Regional Government and licensing. There are no major changes but to centralizes and simplifies…
The Financial Services Authority (the FSA) has issued new regulations on obtaining a licence to run a conventional or Sharia financing company. (the Regulations).* All previous regulations on the topic…
To ensure that all digital product and service providers, whether foreign or Indonesian, are operating on the same playing field, the Ministry of Finance has issued new regulations relating to…
The Government has issued new regulations governing the asset management of the Indonesian Investment Agency (the IIA, or in Indonesian, Lembaga Pengelola Investasi).* The IIA is an institution that is…
In December 2020, the Financial Services Authority (the FSA or in Indonesian, Otoritas Jasa Keuangan), issued Regulation 61* relating to alternative dispute resolution institutions in the financial services sector (ADR Institutions,…
The Financial Services Authority (the FSA) has issued new regulations on electronic crowd funding.* The new Regulations broaden the definition of equity crowdfunding to include the offering of equity-based securities…
The Minister for Communications and Information Technology (the Minister) has issued new regulations governing private operators of electronic systems such as websites, web portals or other online systems that the…
On 22 December 2020, Bank Indonesia issued new regulations on consumer protection (the Regulations).* While the previous regulations** cover consumer protection in relation to payment systems, the new Regulations cover…