On 13 September 2022, the government issued new regulations updating the current regime relating to foreign ownership of securities (the New Regulations)*. The New Regulations set out the foreign ownership…
The Financial Services Authority, in Indonesian, Otoritas Jasa Keuangan, has recently issued the Financial Services Authority Regulation Number 22 of 2022 concerning Capital Participation Activities by Commercial Banks (the New…
Companies have always been able to raise finance through non-public securities offerings. On 30 December 2022, the Financial Services Authority has enacted Circular 33, which introduces new requirements in relation…
Indonesia’s Minister for Law and Human Rights has recently issued Regulation No. 29/2022 (the New Regulation).1 This regulation came into force on 19 December 2022 and replaced Regulation No. 24/20122.…
Indonesia Financial Authority (Otoritas Jasa Keuangan/”OJK”) has issued Regulation No. 27 of 2022, which amends OJK Regulation No. 11/POJK.03/2016 concerning the Obligation of Minimum Capital Provision for General Banks. The…
The Indonesian government has recently issued new Regulations that apply to overseas investment by Indonesian citizens or legal entities.* The Regulations cover three broad areas, which are: protection; services; and…
Indonesia’s Financial Services Authority, in Indonesian, Otoritas Jasa Keuangan (OJK), has issued new regulations providing a regulatory framework for peer to peer, information technology based, funding services (the New Regulations).*…
In July 2022, the Board of Governors of Bank Indonesia issued new regulations on domestic non-deliverable forward (NDF) transactions (New Regulations).1 The New Regulations create a comprehensive framework, which govern…
The Indonesian Central Securities Depository has issued a circular relating to the registration of structured warrants (the Circular).* The purpose of the Circular is to aid in the implementation of…
The Minister for Finance has recently issued new regulations allowing Indonesian citizens to use their citizen identification number, in Indonesian, Nomor Induk Kependudukan, as their taxpayer identification number, in Indonesian,…