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ARTICLE · 24 APRIL 2024

Indonesia's OJK Introduces Changes To Share Ownership Reporting

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On February 28, 2024, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or "OJK") introduced significant changes to the requirements...

IndonesiaCorporate/Commercial Law
Indrawan Dwi Yuriutomo
Indrawan Dwi Yuriutomo
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On February 28, 2024, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) introduced significant changes to the requirements for reporting ownership or changes in ownership of shares in a public company.

These new requirements were introduced by OJK Regulation No. 4 of 2024, dated February 28, 2024, regarding the Reporting of Share Ownership or Any Changes in Ownership in Public Companies and Reporting on Activities for Pledging Shares in Public Companies ("OJK No. 4/2024"). They take effect starting August 28, 2024.

This new OJK regulation revokes OJK Regulation No. 11/POJK.04/2017, dated March 14, 2017, regarding Reporting of Share Ownership or Any Changes in Ownership in Public Companies.

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