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…
Indonesia’s Minister of Trade has enacted new regulations* that significantly impact both local and offshore businesses operating through Indonesia’s e-commerce systems. The regulations took effect on 26 September 2023, replacing…
The Indonesian Financial Services Authority issued new regulations to consolidate and streamline Sharia business units within conventional commercial banks.* The new regulations came into force on 12 July 2023. The…
Bank Indonesia has recently issued new regulations to assist conventional commercial banks in obtaining a short-term liquidity loans from Bank Indonesia.* The regulations set out eligibility criteria, which relate to…