Indonesia’s Financial Services Regulator Moves to Tighten up Rules on P2P Lending
27 Jul 2022
A. Introduction Following more than a year and a half of consultations, the Indonesian Financial Services Authority (“OJK”) has issued a much-anticipated new regulation on P2P lending in Indonesia. The new regulation (OJK Regulation No. 10 /POJK.05/2022 - “POJK 10/2022”)[1] makes substantial changes to the regime established by its antecedent, OJK Regulation No.…
New Regulation Reaffirms Liability of Key Officers for State Enterprise Losses
04 Jul 2022
A. Introduction On 8 June 2022, the Government issued Regulation No. 23 of 2022 (“GR 23/2022”)[1], which amends Government Regulation No. 45 of 2005 on the Establishment, Management, Supervision, and Dissolution of State-Owned Enterprises (“GR 45/2005”)[2]. GR 23/2022 incorporates a number of amendments, including: (i) a further fine-tuning as regards the…