As part of the OJK’s (Financial Services Authority) series of regulations to redefine and strengthen the finance sector,[1] it recently issued Regulation No. 29/POJK.05/2014 on Organizing the Business of Financing Companies (“2014 Regulation”).
The 2014 Regulation re-regulates the type of financial products that can be offered by financing companies as well as the requirements that these companies must maintain to remain legally operational.
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