01 Dec 2014
NEW BKPM POLICY: ONLINE COMPANY FOLDER
The Investment Coordinating Board (”BKPM”) announced under its Circular Number 252/A.8/2014, that as of 1 October 2014 it will not accept licensing and non-licensing applications from companies which have not made the so called “Company Folder” as their corporate data base for the BKPM online licensing system known as SPIPISE. The information and guidance for the creation of…
01 Dec 2014
OJK REGULATION ON CONSUMER PROTECTION IN THE FINANCIAL SERVICES INDUSTRY
On 6 August 2014, a new regulation on customer protection in the financial services industry became effective one year after its issue. Regulation No. 1/POJK.07/2013, which was issued on 26 July 2013 and enacted on 6 August 2013 (the “Regulation”), was issued by the newly established Financial Services Authority to implement Article 30 and Article 31 of Law No. 21/2011 regarding Financial…