We provide herein the executive summary of 19 newly enacted regulations in Indonesia issued between May and September 2022
Trade | ||
No | No Regulation | Summary |
1. |
Minister of Trade Regulation No. 25 of 2022 on Amendment to Minister of Trade Regulation No. 20 of 2021 on Policies and Regulations on Imports ("MoT Reg. 25/2022") Enforcement Date: 24 May 2022 |
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Banking | ||
2. |
Bank Indonesia Board of Governors Regulation No. 24/8/PADG/2022 on Implementing Regulations for the Fulfillment of Minimum Statutory Reserves in Rupiah and Foreign Exchange by Conventional Commercial Banks, Sharia Commercial Banks, and Sharia Business Units ("GBI Reg. 24/8/2022") Enforcement date: 1 July 2022 |
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3. |
Financial Services Authority (Otoritas Jasa Keuangan or "OJK") Regulation No. 11/POJK.03/2022 on Implementation of Information Technology by Commercial Banks ("POJK 11/2022") Enforcement date: 7 October 2022 |
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4. |
OJK Regulation No. 8/POJK.04/2022 on Reporting for Securities Companies Conducting Business Activities as Securities Underwriters and Securities Brokers ("POJK 8/2022") Enforcement date: 19 May 2022 |
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5. |
Government Regulation No. 31 of 2022 on Foreign Capital Ownership in Securities Companies ("GR 31/2022") Enforcement date: 13 September 2022 |
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