Indonesia Looks To Regulate Private Electronic System Organizers

The Indonesian Minister of Communication and Informatics ("MOCI") is working on a draft regulation on the governance of private scope electronic system organizers (the "Draft Regulation").

If enacted, the Draft Regulation would have a significant impact on how electronic system organizers ("ESOs"), specifically private scope ESOs ("Private ESOs"), implement their activities in Indonesia. It could also be a cornerstone for the emerging regulatory regime for electronic systems and electronic system organizers, in that it is the first time the MOCI has clearly imposed the requirement that foreign parties outside Indonesia register with the MOCI.

The Draft Regulation is an implementing regulation for Law No. 11 of 2008 dated April 21, 2008, as amended by Law No. 19 of 2016 dated November 25, 2016, regarding Electronic Information and Transactions, and Government Regulation No. 71 of 2019 regarding Organization of Electronic Systems and Transactions, dated October 10,