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  • Article

    Financial Sector Omnibus Law Series – Amendments To Capital Market Law

    This Newsflash is a part of our Newsflash series with respect to the issuance of Law No. 4 of 2023, regarding Development and Strengthening of the Financial Sector (the "Financial Sector Omnibus Law").
    IndonesiaFinance and Banking
    AKSET Law
    AKSET Law
  • Article

    Government Regulation 5 Of 2023: OJK Empowered For Criminal Investigations In Financial Services

    In a significant move to fortify the financial services regulatory landscape and combat financial crimes effectively, Indonesia's House of Representatives introduced Law Number 4/2023.
    IndonesiaFinance and Banking
    Armila & Rako
    Armila & Rako
Article

Indonesian Payment System Regulation: National Standard For Open API And Cross-border QR Payments

In line with the Central Bank of Indonesia ("BI")'s objective in creating a safe, reliable, innovative, and integrated national payment system, BI recently issued a new framework of BI Regulation...
IndonesiaFinance and Banking
Nusantara Legal Partnership
Nusantara Legal Partnership
  • Article

    Follow-Up To The New Merger Control Regulation

    Further to our previous client alert on the new KPPU merger regulation1 ("New Regulation") (click here to read), we set out below further details on asset acquisitions that are subject to KPPU
    IndonesiaCorporate/Commercial Law
    Assegaf Hamzah & Partners
    Assegaf Hamzah & Partners
  • Article

    Notification Procedure Simplified, And Asset Notification Clarified

    Under the new Indonesian merger regulation ("2019 Merger Regulation"), businesses are required to notify their asset transactions to the Indonesia Competition Commission or the KPPU.
    IndonesiaCorporate/Commercial Law
    Assegaf Hamzah & Partners
    Assegaf Hamzah & Partners
  • Article

    A Selective Overview Of OJK Circular No.19/SEOJK.06/2023

    On 8th of November 2023, the Financial Services Authority ("OJK") issued a Circular Letter No. 19/SEOJK.06/2023 on the Organization of Information Technology-Based Co-Funding Services...
    IndonesiaFinance and Banking
    Armila & Rako
    Armila & Rako
  • Article

    Constitutional Court Curbed Creditor's Enforcement Power

    Towards the end of 2019, the Constitutional Court handed down a startling decision declaring certain articles in Law No. 42 of 1999 on Fiduciary Security ("Fiducia Law") on creditor's power to enforce
    IndonesiaGovernment, Public Sector
    Assegaf Hamzah & Partners
    Assegaf Hamzah & Partners
  • Article

    Legal Alert January 2020

    Government Regulation No. 71 of 2019 dated October 10, 2019 regarding the Implementation of Electronic System and Transactions.
    IndonesiaGovernment, Public Sector
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Data Privacy By Sector In Indonesia

    There are laws in a number of specific areas in Indonesia that deal indirectly with data privacy. These include:
    IndonesiaPrivacy
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Legal Alert March 2020

    SSEK Legal Alert is a monthly survey designed to keep our clients up to date with the latest legal developments in Indonesia.
    IndonesiaStrategy
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Fintech In Indonesia – Financial Regulation

    Fintech products and services in Indonesia are mainly regulated by two government bodies, Bank Indonesia and the Financial Services Authority (OJK).
    IndonesiaTechnology
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Cross Border Data Transfer - Indonesia

    The legal position is not straight forward because of overlapping legacy regulations passed in 2019 and 2016. This note attempts to reconcile Indonesian laws and regulations...
    IndonesiaPrivacy
    Rouse
    Rouse
  • Article

    Bank Indonesia Sets New Limits For The Provision Of E-Money

    Bank Indonesia ("BI") has issued a long-anticipated regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated.
    IndonesiaFinance and Banking
    SSEK Law Firm
    SSEK Law Firm
  • Article

    New Bank Indonesia Regulation On Mandatory Formation Of Countercyclical Buffer

    On 28 December 2015, Bank Indonesia issued a new regulation No.17/22/PBI/2015 ("PBI 17") concerning Mandatory Formation of Countercyclical Buffer.
    IndonesiaFinance and Banking
    Melli Darsa & Co
    Melli Darsa & Co
  • Article

    Indonesian Capital Market Update During The Coronavirus Pandemic

    To generally calm the market from its consistent downward volatility amid the global coronavirus pandemic, the relevant Indonesian government authorities have taken several actions. These include...
    IndonesiaCoronavirus (COVID-19)
    SSEK Law Firm
    SSEK Law Firm
  • Article

    OJK Circular Letter 19/SEOJK.06/2023 On The Organization Of LPBBTI (P2P Lending)

    The Financial Services Authority recently issued Circular Letter Number 19/SEOJK.06/2023 regarding The Organization of Peer-to-Peer Lending, an implementing regulation to OJK Regulation 10/2022 regarding Peer-to-Peer Lending.
    IndonesiaFinance and Banking
    ARMA Law
    ARMA Law
  • Article

    Regulation on Commercial Bank Ownership in Indonesia Finally Issued

    After discussions with regulators and politicians on ownership of commercial banks, Bank Indonesia has issued new rules.
    IndonesiaFinance and Banking
    Makarim & Taira S.
    Makarim & Taira S.
  • Article

    Tech Listings In Indonesia May Benefit From OJK Rule

    Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a rule that may provide a sweetener for tech startups to undertake an initial public offering ("IPO") in Indonesia.
    IndonesiaFinance and Banking
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Update On The Obligation To Use Rupiah And Exemptions

    Circular 17 further describes the details on payments in foreign exchange agreed to by the parties under a written agreement for strategic infrastructure projects which are exempted from the obligation to use Rupiah.
    IndonesiaFinance and Banking
    Makarim & Taira S.
    Makarim & Taira S.
  • Article

    Legal Alert - January 2021

    This Regulation amends policies on fee determination and the evaluation of the arrangement of priority numbers for the settlement of automatic funds through BI-RTGS. It came into effect on the date
    IndonesiaGovernment, Public Sector
    SSEK Law Firm
    SSEK Law Firm
  • Showing 41–60 of 188 results

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