Fintech products and services in Indonesia are mainly regulated by two government bodies, Bank Indonesia and the Financial Services Authority (OJK).

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...

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...

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").

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.

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...

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

On 18 March 2010, the Indonesian Ministry of Finance released Regulation No. 64 of 2010 (the "Regulation") regarding settlement of non-performing loans ("NPLs") of State-owned enterprises engaged in banking business.

This week, Indonesia published its highly anticipated new foreign investment regulations (the "New Regulations").

The Indonesian Capital Markets and Financial Institutions Supervisory Agency ("Bapepam-LK") issued new regulations on Material Transactions ("Material Transactions Rules") on 25 November 2009 and on Affiliated Transactions and Conflict of Interest (the "COI Rules") on 29 November 2009.

On July 20, 2010, the Indonesian Government released the long-awaited implementing regulation (the "New Regulation") regarding merger notification in Indonesia, pursuant to the relevant provisions of the Indonesian anti-monopoly law, Law No. 5 of 1999 (the "Anti-Monopoly Law").

ln late April this year, OJK issued Regulation No. 20/POJK.04/2020 on Trustee Agreement for Debt Securities or Sukuk, to regulate trustees in debt securities and sukuk issuance. This regulation revokes and replaces Bapepam-LK ...

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...

As the most populous Muslim - majority country in the world, Indonesia would seem an obvious target for investment in Islamic finance. However, in a country of 255 million people only 36% of the population have a bank account.

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.

After discussions with regulators and politicians on ownership of commercial banks, Bank Indonesia has issued new rules.

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.

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.

The Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued OJK Regulation No. 41/POJK.03/2019 on Merger, Consolidation, Acquisition, Integration and Conversion of Commercial Banks...

Indonesia's vibrant business landscape offers substantial opportunities. Nevertheless, there are certain aspects that creditors must be aware of to better protect their interests when local partners...