OJK Regulates Technology-Based P2P Lending Services

With the ultimate aim of offering certainty and support for the development of a technology-based financial industry in Indonesia, the Financial Services Authority (“OJK”) has issued Regulation No. 77/POJK.01/2016 on Technology-Based Fund-Lending Services (“Regulation 77/2016”).
 
With this ultimate objective in mind, Regulation 77/2016 sets out a range of comprehensive guidelines relating to the organization of technology-based peer-to-peer lending services (“P2P Lending Services”).
 
Due to the broad scope of Regulation 77/2016, this edition of Indonesian Legal Brief (ILB) will limit its discussion to the following topics: