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NEW REGULATIONS ON ELECTRICITY BUSINESS

Minister of Energy and Mineral Resources Regulation No. 38 of 2013 on Compensations for Land, Buildings, and Plants Located under High Voltage Air Channels (SUTT) and Extra High Voltage Air Channels and Free Spaces (SUTET) has been enforced as of 24 December 2013

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REGULATIONS ON PRICES, FEES AND RUPIAH PAYMENT REQUIREMENT COME INTO EFFECT

On 29 July 2013, the Indonesian Minister of Trade (MOT) issued Regulation No. 35/M-DAG/PER/7/2013 on Affixing Retail Prices and Tariffs to Goods and Services (Reg. 35).

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CYBER NOTARY - AMENDMENT TO LAW ON NOTARIES

An amendment to Law No. 30 of 2004 pertaining to Notary was issued on 15 January 2014 (Law No. 2 of 2014).

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REGULATION ON MINIMUM CAPITAL REQUIREMENT FOR COMMERCIAL BANKS REVISED

In an attempt to increase a bank’s ability to absorb risks, the improvement of a bank’s capital quality and quantity to be in accordance with international standards is deemed necessary

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OJK RE-REGULATES FIT AND PROPER TEST REQUIREMENTS FOR NON-BANK FINANCIAL SERVICES

Currently, provisions on fit and proper tests for non-banking financial services are provided separately in several regulations and they apply different standards of fit and proper test procedures and materials

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