The Organization of Conventional Pawnbrokers Business Activities

In order to set out further provisions on pawnbroker businesses, as already addressed under Financial Service Authority (Otoritas Jasa Keuangan - “OJK”) Regulation No. 31/POJK.05/2016 on Pawnbroker Businesses,^[1] the OJK recently issued Circular No. 52/SEOJK.05/2017 on the Organization of Conventional Pawnbroker Business Companies (“Circular 52/2017”).

Circular 52/2017 encompasses several aspects which relate to the organization of conventional pawnbroker business activities and which pertain to the following matters: