OJK Updates Property Assessment Provisions for the Capital-Market Sector

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) recently issued Regulation No. 28/POJK.04/2021 on Property Assessments and the Presentation of Property Assessment Reports Within the Capital-Market Sector (“Regulation 28/2021”) in an attempt to align various standards and guidelines that relate to the assessment and presentation of capital-market Property Assessment Reports and to further develop the laws, regulations and professional assessment standards that apply within this sector.[1]