OJK Establishes Regulatory Framework for the Electronic Public-Offering System

In an effort to increase the number of participating investors in public offerings, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is working to implement more efficient, effective, transparent and accountable public-offering processes through the utilization of information technologies. As part of attempts to achieve this, the OJK recently issued Regulation No. 41/POJK.04/2020 of 2020 (“Regulation 41/2020”), which comprises a set of guidelines that address the implementation of public offerings of equity securities, debt securities and/or sharia bonds (collectively referred to as “Securities”) via an electronic system, also known as Indonesian electronic public-offering system.[1]