Tag: P2P Lending

OJK Mandatory Reporting for P2P Company

OJK Mandatory Reporting for P2P Company A P2P Company that has obtained a licence must submit a monthly report and annual financial statement audited by a public accountant registered

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 […]

Regulation on Information Technology Based Collective Financing Services

Regulation on Information Technology Based Collective Financing Services The Fundamental Changes on the P2P Lending Company by POJK 10/2022

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”) […]