Berlangganan Pro

Jumat, Juli 19, 2024 | Issue Number : 4912

OJK Plans to Increase the Minimum Paid-up Capital for Equity Crowdfunding by 10 Times

ID Indonesian translation

In 2020, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced Regulation No. 57/POJK.04/2020 on Securities Offerings Through Information-Technology-Based Crowdfunding Services (“Services”), which was later amended by Regulation No. 16/POJK.04/2021 (collectively referred to as “Regulation 57/2020”). At the time of writing, this framework still lays out the applicable regulatory groundwork, as well as the various requirements and procedures for the implementation of Services.[1]

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In 2020, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced Regulation No. 57/POJK.04/2020 on Securities Offerings Through Information-Technology-Based Crowdfunding Services (“Services”), which was later amended by Regulation No. 16/POJK.04/2021 (collectively referred to as “Regulation 57/2020”). At the time of writing, this framework still lays out the applicable regulatory groundwork, as well as the various requirements and procedures for the implementation of Services.[1]

......

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