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ARTICLE · 20 MARCH 2023

Indonesia's FSA Raises Registration Threshold To Encourage Private Securities Offerings

ABNR Counsellors at Law
ABNR Counsellors at Law
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ABNR Counsellors at Law

ABNR Counsellors at Law

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In 2021, the Indonesian Financial Services Authority ("OJK") increased the threshold that triggers the requirement to register and seek OJK approval for a private offering of securities.

IndonesiaFinance and Banking
Freddy Karyadi
Freddy Karyadi
Anastasia Irawati
Anastasia Irawati

In 2021, the Indonesian Financial Services Authority ("OJK") increased the threshold that triggers the requirement to register and seek OJK approval for a private offering of securities.

Previously, the registration threshold was IDR 1 billion (approx. USD 65,000), but this was increased to IDR 5 billion (approx. USD 327,000) under OJK Regulation No. 29/POJK.04/2021.1 This regulation was followed by the issuing of an OJK circular in 2022 (the "Circular"),2 which sets out guidelines for the conducting of private offerings that are valued at more than IDR 5 billion.

The Circular's key elements are as follows:

Registration Threshold

Registration with the OJK (including the filing of a formal registration statement) is required for a private securities3 offering that meets the following criteria:

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