“More fundamentally, the shift may no longer be about licensing classifications alone, but how payment activities operate within a business ecosystem.” Indonesia’s payment regulatory landscape is shifting toward a more activity based and supervisory driven framework under Bank Indonesia through Bank Indonesia Regulation No. 10 of 2025 (“PBI 10/2025”). The framework increasingly focuses on how […]
“More fundamentally, the shift may no longer be about licensing classifications alone, but how payment activities operate within a business ecosystem.” Indonesia’s payment regulatory landscape is shifting toward a more activity based and supervisory driven framework under Bank Indonesia through Bank Indonesia Regulation No. 10 of 2025 (“PBI 10/2025”). The framework increasingly focuses on how […]
“Companies may encounter delays in processing key corporate administrative applications without fulfilling Beneficial Owner disclosure requirements under MoL Reg. 49/2025. Incomplete documentation or delays in corporate reporting may result in the non-issuance of ministerial approvals or notifications.” Companies in Indonesia are now operating under a recalibrated corporate administrative framework following the enactment of Minister of […]
The Government of Indonesia has enacted Government Regulation No. 28 of 2025 (PP 28/2025), effective June 5, 2025. This regulation replaces the previous Government Regulation No. 5 of 2021 (PP 5/2021), simplifying licensing procedures by introducing risk classification, Service Level Agreements (SLAs), and the automated “fictitious‑positive” approval system. It integrates licensing steps into the Online Single Submission – […]
The company that serves Information Technology Based Peer Peer Lending Services (P2P Companies) should obtain approval from the Financial Services Authority (Otoritas Jasa Keuangan/OJK) when they tend to change ownership. Furthermore, the plan should be mentioned in the Business Plan by the provision regarding the ownership aspect regulated in the Financial Services Authority Regulation Number […]
“The standard for the appointment of the data protection officer as mandated in the Personal Data Protection Law can be found in Decree of the Minister of Manpower of the Republic of Indonesia Number 103 of 2023.” Overview of Data Protection Officer In certain situations, a personal data controller and personal data processor are required […]
“The development of information technology has greatly impacted the financial services industry, leading to the emergence of securities crowdfunding as an alternative funding source for SMEs and start-ups. In Indonesia, these activities are regulated by the Financial Services Authority (OJK) under Regulation No. 57/POJK.04/2020, amended by No. 16/POJK.04/2021. The regulations mandate business licenses, minimum capital […]
Author: Daffa Zidan The current technological advancements have brought about several innovations in various sectors, one of which is in the financial sector with the emergence of Peer-to-Peer Lending (“P2P Lending”). In Indonesia, Crowdfunding is regulated through Regulation of the Financial Services Authority No. 10/POJK.05/2022 of 2022 concerning Information Technology-Based Co-Funding Services (“POJK 10/2022“) and […]
Author: Felicia Cindy Hanubrata “The Regulation of Financial Services Authority have laid out several activities that a Crowdfunding Company are prohibited from doing, including having affiliated relationship with an issuer” As defined in Article 1 Point 6 of Regulation of the Financial Services Authority No. 57/POJK.04/2020 of 2020 concerning Securities Offering through Technology-Based Crowdfunding as […]
Author: Naomi Catherine Felencia “The utilization of E-Signature has been accepted for any transaction as long as it fulfills the requirements in accordance with the prevailing laws and regulation.” E-Signature has the purpose as a tool to verify and authenticate the identity of the signer as well as to guarantee the integrity and authenticity of […]
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