Category: Capital Market & Financial Services

Papan Akselerasi: an Alternative Funding for Start-Up Company

Papan Akselerasi: an Alternative Funding for Start-Up Company Papan-Akselerasi-an-Alternative-Funding-for-Start-Up-Company

“Following the promulgation of POJK 53/2017, BEI has introduced Papan Akselerasi as a medium for small or middle asset scale-company to get alternative funding through the capital market.” To provide the opportunity for an issuer with small asset scale or middle asset scale to obtain alternative funding through the capital market, the Indonesian Financial Services […]

The Expansion of Crowdfunding Activities in Indonesia

“With the issuance of POJK 57/2020, Financial Services Authority (OJK) has replaced the regulation governing crowdfunding activities Indonesia. As of December 2020, crowdfunding activities in Indonesia is allowed to include offerings of securities aside from equity-based securities, namely debt securities (obligation) and Sharia-based bonds (Sukuk).” In December 2020, Financial Services Authority (Otoritas Jasa Keuangan or […]

Financial Technology Industry in KBLI 2020

“KBLI 2020 has categorized fintech industry into specific code which adjusted based on its development.” Following the promulgation of Regulation of Head of Indonesia Central Bureau of Statistics No. 2 of 2020 on Indonesia Standard Industrial Classification (“Klasifikasi Baku Lapangan Usaha Indonesia” or “KBLI 2020”), KBLI category of financial technology (“fintech”) industry has categorized into […]

Management Consultancy Business in Indonesia

“KBLI 2020 has classified management consultancy business activity in category “702” which cover advice activity, instruction and operational assistance for business or organization in various management issues.” Management consultancy business is one of the economic activities that classified in Regulation of Indonesian Central Bureau Statistic No. 2 of 2020 on Standard Indonesian Business Field Classifications […]

Guideline of Creating a Business Plan for Fintech Lending Industry by OJK

The OJK through SEOJK 21/2020 mentioned specific aspects on creating a business plan for fintech lending company, including an evaluation of business plan in the previous period that has been established on 6 November 2020 and comes into force on the same date

Legal Compliance for E-Commerce Company

”The Parties that conduct E-Commerce activity has legal compliance including specific license, namely SIUPMSE, obligation to have Electronic System Provider Certificate, use an Indonesian domain name (dot id), and so forth.” To face the growth of Electronic Commerce (“E-Commerce”) activity in Indonesia, Indonesia Government has issued the Government Regulation No. 80 of 2019 on Commerce […]

Financial Technology on Payment System in Indonesia

“In according to PBI 19/2017, payment system includes activities of authorization, clearance, final settlement, and payment.” Financial Technology (“Fintech”) is innovation in the financial sector that can impact on monetary stability, financial system stability, and/or efficiency, fluency, security and reliability of the payment system. In connection with those impacts and to support Fintech innovation with […]

The Obligation of E-Commerce to Have a Representative Office

“Ministry of Trade issued Ministry of Trade Regulation No. 50 of 2020 to regulate merchant, electronic service provider, and intermediary services (business actors) both inside and outside Indonesia which conducts/facilitates trade via electronic means (e-commerce) (“Permendag 50/2020”) mentioned that for an overseas electronic service provider which conducted transaction/shipping, i.e. more than 1.000 transaction/shipping annually, they […]

Procedure Consumer Due Diligence for Fintech Company

“Customer Due Diligence (CDD) is activities conducted by Financial Service Provider to ensure thetransaction by the profile, characteristic, and/or transaction patterns of customers.” Customer Due Diligence (CDD) is activities (identification, verification, and monitoring) that conducted by Financial Service Provider (“Penyedia Jasa Keuangan” or “PJK”) to ensure the transaction in accordance with the profile, characteristic, and/or […]