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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.

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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.

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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”).

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TECHNICAL GUIDELINES FOR ISSUING BUSINESS LICENSES TO FOREIGN INVESTMENT CONSTRUCTION SERVICES COMPANIES

In early 2016, the Ministry of Public Works and Public Housing issued a regulation on Technical Guidelines for Issuing Business Licenses to Foreign Investment Construction Services Companies (Peraturan Menteri Pekerjaan Umum dan Perumahan Rakyat Republik Indonesia No. 03/PRT/M/2016 tahun 2016).

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REGULATION ON BUILDING PERMITS

On 5 February 2016, a new Minister of Public Works and Public Housing Regulation on Building Permits (IMB) was issued (“MOPWR 5/2016”).

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