Procedures and Mechanisms for Mandatory Reporting by P2P Lending Service Organizers Further Clarified: Submissions of Funding Transaction Data Reports and Monthly Reports to Be Fully Enforced by July 2024

In 2022, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced the framework of Regulation No. 10/POJK.05/2022  on Information Technology-Based Co-Funding Services (“Regulation 10/2022”), which sets out the most recent regulatory framework to accommodate various developments regarding the organization of peer-to-peer lending services (“P2P”) within Indonesia. It should be noted that Hukumonline’s Legal Research and Analysis Team previously summarized the various P2P-related prerequisites that feature under Regulation 10/2022 in the following edition of Indonesian Legal Brief (“ILB”): “OJK Updates Main Regulatory Framework for P2P Lending Services”.