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).
Download read moreCYBER 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).
Download read moreREGULATION 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
Download read moreOJK 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
Download read moreCHARGES BY THE FINANCIAL SERVICES AUTHORITY (OJK)
As a newly established authority pursuant to Law No. 21 of 2011 on the OJK (“OJK Law”), the OJK requires proper financing to support its operations so that it can carry on its duties and functions independently and professionally, and in accordance with good corporate governance principles
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