THE GOVERNMENT OF INDONESIA HAS FINALLY REGULATED OVER THE TOP SERVICES

In an effort to give an explanation to the public and especially the Service Providers of Over the Top related to the regulation of the provision of application services and/or content via the Internet (Over the Top) which will be applied, the Minister of Communication and Information deems it necessary to issue a Circular Letter Number 3 of 2016 on the Provision of Application Services and/or Content Through Internet (Over The Top).The Provision of Applications and/or Content Services via the Internet (“Over the Top Services”) refers to the provision of: 1) telecommunications services (such as short messages, video calls, financial & commercial transactions, etc.); and 2) digital information (such as writings, sounds, pictures, videos, and/or combinations thereof, etc.) via the Internet.

NEW RULES FOR APPLICATION BASED PUBLIC TRANSPORTATION

The Minister of Transportation has issued Minister of Transportation Regulation No. PM 32 of 2016 on the Organization of Non-Fixed-Route Public-Transportation Services. This regulation addresses the ongoing dispute between the existing transportation companies and application-based transportation services.

NEW OJK REGULATION ON BANKING RISK MANAGEMENT ISSUED

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 18/POJK.03/2016 on Banking Risk Management. It repeals and replaces the previous regulations, BI Regulation No. 5/8/PBI/2003 and No. 11/25/PBI/2009. This regulation provides guidelines to commercial banks on mitigating any risk which might arise due to the complexities in their financial conditions.

NEW OJK REGULATION ON GUIDELINES AND MANDATORY MINIMUM CAPITAL FOR COMMERCIAL BANKS

The OJK has also issued Regulation No. 11/POJK.03/2016 on the Mandatory Minimum-Capital Requirements for Commercial Banks. It repeals and replaces regulations, BI Regulation No. 15/12/PBI/2013 and BI Circular No. 9/31/DPNP.

NEW HEAD OF BPN REGULATION ON THE SETTLEMENT OF LAND DISPUTES

On 21 March 2016, the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency issued Regulation No. 11 of 2016 on The Settlement of Land Disputes (“Head of BPN Regulation 11/2016”).