The Financial Services Authority (
Otoritas Jasa Keuangan –
“OJK”) has issued Circular Letter
No. 27/SEOJK.03/2016 of 2016 on the Business Activities of Commercial Banks Based on Their Core-Capital Levels
(“2016 Circular”).
The 2016 Circular implements OJK Regulation
No. 6/POJK.03/2016 on Business Activities and Branch Offices Based on Core Bank Capital
(“6/2016 OJK Regulation”),
[1] as well as OJK Regulation
No. 18/POJK.03/2016 on the Implementation of Risk-Management Measures by Conventional Banks,
[2] which required further details to be set out regarding the following matters:
......