Framework for Public Company Share Buybacks Updated: Buybacks Must Now Be Completed Within 12 Months of Issuance of RUPS Approvals

In 2017, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) previously introduced Regulation No. 30 of 2017 (“Regulation 30/2017”) on Buybacks of Shares Issued by Public Companies (“Buybacks”) which, as its title suggests, addressed various Buyback-related requirements, procedures and activities. Hukumonline’s Legal Research and Analysis Team summarized the various Buyback provisions and procedures featured under Regulation 30/2017 in the following edition of Indonesian Legal Brief (“ILB”): “OJK Regulates Buybacks of Shares Issued by Public Companies”.