Regulatory Sandbox of OJK

On 15 August 2018, the Financial Services Authority (Otoritas Jasa Keuangan/OJK) of Indonesia issued a new regulation on financial digital innovation in financial services (“POJK 13/POJK.02/2018”). This is a regulatory sandbox version of the OJK.

New Regulation on Capital Investment Licensing and Facilities

In order to implement Government Regulation No. 24 of 2018 which introduced an online system for processing and issuing certain business licenses (known as the Online Single Submission “OSS” system), on 20 July 2018, the Investment Coordinating Board (“BKPM”) issued 2 new regulations on investment, ie BKPM Regulation No. 6 of 2018 on the Guidelines and Procedure for Capital Investment Licensing and Facilities (“Regulation 6/2018”) and Regulation No. 7 of 2018 on the Guidelines and Procedure for Capital Investment Supervision (“Regulation 7/2018”).