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 […]
“Regarding to Capital Market and Public Companies sector in Indonesia, there are additional requirements for legal consultants to be eligible to conduct LDD as required by The Indonesian Financial Services Authority (“OJK”). Legal Due Diligence (“LDD”) can be seen as a procedure for mitigating risk. The risk referred to is closely related to the transaction […]
Author: Vania Aqilla Cahyaningrum with Adam Kausar “The Financial Service Authority (OJK) issued POJK No.10/POJK.05/2022 to respond to the developing area of Peer Peer Lending business in Indonesia. The main aspects that have been changed are the capital requirement, controller shareholder, licensing procedure, and minimum equity.” By 4 July 2022, the Financial Service Authority (“OJK”) […]
Issuance the Debt Securities without Public Offering “The issuance of EBUS without Public Offering still requires the submission process to the OJK, rating/guarantee process, using an arranger and monitoring agent (for non-public company), and registration in Indonesia Central Securities Depository.” To obtain business development funding, the company has an alternative in various financial instruments based […]
PBI 23/2020 has amended Payment System regulation, which restructuring the regulatory framework for Payment System, including reclassifying the activities of the Payment System operator.
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
“OJK issued the Regulation of OJK Number 17/POJK.04/2020 on Material Transactions and Alterations of Business Activities (“POJK 17/2020”). After six months from the POJK 17/2020 comes into force, the Decree of the Head of the Capital Market and Financial Institution Supervisory Agency Number. Kep-614/bl/2011 on Material Transactions and Alteration of Primary Business Activities, along with […]
POJK 40/POJK.05/2020; Written Order for Settlement of Problems of Non-Bank Financial Institution
As providing the lending service, fintech lending could not avoid the potential default risk (resiko gagal bayar) which occurred by its borrowers and impacted most to the lenders.
“POJK 16/2020 has made its possibility for public-listed companies to conduct General Meeting of Shareholders via an electronic mechanism.”
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