RPOJK on General Meeting of Securities Holders: A Solution or Potential Overlap?

To further enhance the efficiency and the effectivity to the implementation of general meetings of shareholders (Rapat Umum Pemegang Saham– “RUPS”) of publicly-traded companies,[1] general meetings of bond holders (Rapat Umum Pemegang Obligasi– “RUPO”)[2] and general meetings of sukuk holders (Rapat Umum Pemegang Sukuk– “RUPSu”),[3] the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is currently preparing a Draft Regulation (“Draft Regulation”) for the implementation of RUPS, RUPO and RUPSu through electronic means (collectively referred to as “Electronic General Meetings”).[4]