Posts Tagged ‘OJK’

SSEK-logo-RGB72-web

Indonesian Legal Review: Bankruptcy

By Natasha A. Sebayang Law No. 37 of 2004 regarding Bankruptcy and Suspension of Debt Payment Obligations (the “Bankruptcy Law”) sets forth the requirements for filing a bankruptcy petition. The essential requirement is that there must be two or more creditors and at least one mature but unpaid debt for a bankruptcy action to be [...]

Legal Alert (small icon)

Legal Alert March 2016

Please find the new SSEK Legal Alert for March 2016. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.

Legal Alert (small icon)

Legal Alert February 2016

Please find the new SSEK Legal Alert for February 2016. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.

Deal News

Indonesian Financial Services Authority in Review

As mandated in Law No. 21 of 2011 regarding the Financial Services Authority (“OJK Law”), supervision of Indonesia’s capital markets and non-bank financial institutions was transferred from the Capital Market and Financial Institution Supervisory Agency (“Bapepam-LK”), part of the Ministry of Finance, to the OJK as of December 31, 2012. Oversight of the banking industry [...]

OJK

Indonesian Financial Regulation: A Year in Review

The Financial Services Authority (Otoritas Jasa Keuangan or OJK), the financial services supervisory body in Indonesia, issued more than 30 regulations in 2014 covering capital markets, banks and non-bank financial institutions. Muliaman Hadad, the chairman of the Board of Commissioners of the OJK, issued a statement that the enactment of the regulations supported the goals [...]

alb

Capital Opportunities for Indonesia

Asian Legal Business, which is owned by Thomson Reuters and is a leading legal publication in Asia-Pacific and the Middle East, recently published a report on the outlook for Indonesia’s capital markets. SSEK partner Fahrul S. Yusuf was quoted extensively in the report. Fahrul says that Indonesia requires deeper capital markets for greater stability. “Deeper [...]

OJK

Primary Parties in Non-Banking Finance Institutions

By Indrawan D. Yuriutomo Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan, or “OJK”) has introduced a new concept, known as Primary Parties in Non- Banking Finance Institutions, along with certain requirements that such Primary Parties must fulfill. Primary Parties, according to recent OJK regulations, are those who manage or supervise and have significant influence over [...]

OJK

OJK at Full Power After Taking Over Banking Supervision from Bank Indonesia

By Maria Yudhitama Eka Dewi Bank Indonesia, Indonesia’s central bank, officially transferred its banking microprudential supervisory powers to the Financial Services Authority (“OJK”) on December 31, 2013. Agus Martowardojo, the governor of Bank Indonesia, signed the Record of Transfer (Berita Acara Serah Terima) to Muliaman D. Hadad, the Chairman of the OJK’s Board of Commissioners. [...]