Berlangganan Pro

Senin, November 13, 2023

Business Activities of P2P Lending Service Organizers Further Clarified: Maximum Threshold for Economic Benefits Set at 0.3%

Non-Banking Financial Services

The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") has decided to clarify further various aspects that specifically relate to the organization of peer-to-peer ("P2P") lending service organizer ("Organizers") businesses that originally featured under Regulation of the OJK No. 10/POJK.05/2022 ("Regulation 10/2022") through the issuance of Circular No. 19/SEOJK.06/2023 ("Circular 19/2023"), which has been in force since 8 November 2023.
While covering a wide range of aspects related to Organizers’ businesses (e.g. permitted business activities, outsourcing, risk mitigation and so forth), Circular 19/2023 has now set a maximum threshold for the economic benefits permitted to be offered by Organizers. Said benefits include rates relating to the following areas: 1) Interest/margins/profit-sharing; 2) Administration/commission/platform fees; and 3) Other fees (excluding fees for due payment fines, stamp duty and taxes).
The above-mentioned maximum thresholds have been classified into two categories, with the first category being intended for productive funding and including the following rates and applicable dates: 1) Applicable by 1 January 2024: maximum daily rate of 0.1% of the total funding value stipulated in the relevant funding agreement ("Agreement") and will remain valid for a period of two years; and 2) Applicable by 1 January 2026: maximum daily rate of 0.067% of the total Agreement value.
Meanwhile, the other economic benefit category is intended for short-term (less than one year) consumption-related funding, which includes the following rates: 1) Applicable by 1 January 2024: maximum daily rate of 0.3% of the total Agreement value and will remain valid for a one-year period; 2) Applicable by 1 January 2025: maximum daily rate of 0.2% of the total Agreement value and will remain valid for a one-year period; and 3) Applicable by 1 January 2026: maximum daily rate of 0.1% of the total Agreement value.
It should also be noted that the above-described economic benefits and due payment fines that may be imposed upon the users of Organizers may not exceed 100% of the total Agreement value.

......

Sudah memiliki akun? Masuk

Hukumonline Pro

Berlangganan sekarang untuk akses tak terbatas ke berbagai Analisis Hukum!

Tingkatkan kualitas penelitian hukum Anda dengan berlangganan Paket Professional Hukumonline Pro dan dapatkan lebih banyak analisis hukum untuk referensi yang komprehensif

PRO PLUS

Rp 7.500.000

per bulan

Semua Fitur Paket Professional
Layanan Penerjemahan Peraturan
Precedent Hukumonline
Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

Semua Fitur Paket Standard
Terjemahan Peraturan
Peraturan Konsolidasi
Premium Stories
Monthly Law Review (MLR)
Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

Indonesian Legal Brief (ILB)
Daily Updates
Bantuan Layanan Pencarian Peraturan
Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") has decided to clarify further various aspects that specifically relate to the organization of peer-to-peer ("P2P") lending service organizer ("Organizers") businesses that originally featured under Regulation of the OJK No. 10/POJK.05/2022 ("Regulation 10/2022") through the issuance of Circular No. 19/SEOJK.06/2023 ("Circular 19/2023"), which has been in force since 8 November 2023.
While covering a wide range of aspects related to Organizers’ businesses (e.g. permitted business activities, outsourcing, risk mitigation and so forth), Circular 19/2023 has now set a maximum threshold for the economic benefits permitted to be offered by Organizers. Said benefits include rates relating to the following areas: 1) Interest/margins/profit-sharing; 2) Administration/commission/platform fees; and 3) Other fees (excluding fees for due payment fines, stamp duty and taxes).
The above-mentioned maximum thresholds have been classified into two categories, with the first category being intended for productive funding and including the following rates and applicable dates: 1) Applicable by 1 January 2024: maximum daily rate of 0.1% of the total funding value stipulated in the relevant funding agreement ("Agreement") and will remain valid for a period of two years; and 2) Applicable by 1 January 2026: maximum daily rate of 0.067% of the total Agreement value.
Meanwhile, the other economic benefit category is intended for short-term (less than one year) consumption-related funding, which includes the following rates: 1) Applicable by 1 January 2024: maximum daily rate of 0.3% of the total Agreement value and will remain valid for a one-year period; 2) Applicable by 1 January 2025: maximum daily rate of 0.2% of the total Agreement value and will remain valid for a one-year period; and 3) Applicable by 1 January 2026: maximum daily rate of 0.1% of the total Agreement value.
It should also be noted that the above-described economic benefits and due payment fines that may be imposed upon the users of Organizers may not exceed 100% of the total Agreement value.

......

Sudah memiliki akun? Masuk

Hukumonline Pro

Berlangganan sekarang untuk akses tak terbatas ke berbagai Analisis Hukum!

Tingkatkan kualitas penelitian hukum Anda dengan berlangganan Paket Professional Hukumonline Pro dan dapatkan lebih banyak analisis hukum untuk referensi yang komprehensif

PRO PLUS

Rp 7.500.000

per bulan

Semua Fitur Paket Professional
Layanan Penerjemahan Peraturan
Precedent Hukumonline
Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

Semua Fitur Paket Standard
Terjemahan Peraturan
Peraturan Konsolidasi
Premium Stories
Monthly Law Review (MLR)
Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

Indonesian Legal Brief (ILB)
Daily Updates
Bantuan Layanan Pencarian Peraturan
Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

Latest Analysis

2024 Hak Cipta Milik Hukumonline.com