On 24 September 2020, Statistics Indonesia (Badan Pusat Statistik ─ "BPS") issued BPS Regulation No. 2 of 2020 on Indonesian Standard Business Classifications

In connection with the Indonesia's payment system reformation as outlined by Central Bank of Indonesia ("BI") on its Payment System Blueprint 2025...

Unless one of the express exceptions contained in the Regulations apply, all "cash", and from 1 July 2015, "non-cash" transactions carried out in Indonesia must be settled in rupiah.

Business Activities and Office Network Based on the Bank's Core Capital was previously regulated under Bank Indonesia Regulation No. 14/26/PBI/2012 on Business Activities and Office Network Based on the Bank's Core Capital.

In response to the rapid advancement of information technology within the financial sector, the Indonesian Financial Services Authority issued OJK Regulation No. 40 of 2024 on Information Technology-Based Peer-to-Peer Lending Services.

In October 2024, the Indonesian Government, through the Financial Services Authority (Otoritas Jasa Keuangan or "OJK"), enacted a new regulation on bullion business activities...

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 article focuses on the consumer complaint settlement process and financial service providers' reporting obligations.

To align with the implementation of OJK Regulation No. 3 of 2024 on the Implementation of Technological Innovations in the Financial Sector...

Effective on 12 July 2023, OJK Regulation No. 12 of 2023 ("OJK Reg 12/2023") introduces a significant change for Sharia Business Units (Unit Usaha Syariah or "UUS") in Conventional Commercial Banks

As part of the implementation of Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") Regulation No. 21 of 2024 on the Periodic Reporting of Pension Funds...

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.

LAPS-SJK (Lembaga Alternatif Penyelesaian Sengketa Sektor Jasa Keuangan or Financial Services Sector Alternative Dispute Resolution Body) is an independent alternative dispute resolution body whose ...

The Indonesian government and Indonesia Stock Exchange ("IDX") have long been eager for more players in the country's booming tech scene to go public.

Artificial Intelligence (AI), a blend of computer science, machine learning, and big data, is increasingly being adopted in various industries, especially in financial technology (Fintech).

Digital Financial Innovation/Inovasi Keuangan Digital ("IKD") also known as technological innovation in the financial sector among others include aggregators, credit scoring, ...

On 28 December 2015, the Indonesian Financial Services Authority issued a new regulation: No.46/POJK.03/2015 regarding Determination of Systemically Important Banks and Capital Surcharge.

Please find the SSEK Legal Alert for December 2020. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.

On 1 July 2020, Indonesia's Financial Services Authority, the OJK, issued a new regulation on affiliated party and conflict of interest transaction, OJK Regulation No. 42/POJK.04/2020.

On 25 October 2024, the Ministry of Finance ("MoF") enacted MoF Regulation No. 86 of 2024 on Auction Minutes ("MoFR 86/2024"), to effectively implement...