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ARTICLE · 17 FEBRUARY 2016

New OJK Regulation On Rights Issues

The Indonesian Financial Services Authority ("OJK") has issued Regulation No. 32/POJK.04/2015 regarding Capital Increase with Pre-emptive Rights (the "New Rights Issue Regulation") effective starting from 22 December 2015.

IndonesiaFinance and Banking
Kusumohadiani
Kusumohadiani
Danar Respati Sunartoputra
Danar Respati Sunartoputra

Introduction

The Indonesian Financial Services Authority ("OJK") has issued Regulation No. 32/POJK.04/2015 regarding Capital Increase with Pre-emptive Rights (the "New Rights Issue Regulation") effective starting from 22 December 2015.

The New Rights Issue Regulation replaces and revokes Regulation No. IX.D.1, attachment of the Decree of the Chairman of the Capital Market Supervisory Board No. KEP-26/PM/2003, dated 17 July 2003 on Pre-Emptive Rights ("Regulation No. IX.D.1"); and Regulation No IX.D.2, attachment of the Decree of the Chairman of the Capital Market Supervisory Board No. KEP-08/PM/2000, dated 13 March 2000 concerning Form and Content of Registration Statements for Pre-Emptive Rights Guidelines ("Regulation No. IX.D.2" and together with Regulation No.IX.D.1, the "Old Regulations").

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