Public Offerings Expedited: Registration Statements Set to Become Effective on 20th Business Day

Following the mandate originally set out under Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“Law 4/2023”)[1], which was introduced in order to further strengthen the role of parties that engage in public offerings of securities (“Issuers”),[2] companies that meet the required amounts of shareholders and deposited capital, as outlined under relevant Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) regulatory frameworks (“Public Companies”)[3], as well as capital market supporting professionals (“Supporting Professionals”), will soon be subject to the forthcoming framework of Draft Regulation of the OJK on the Development and Strengthening of Issuers, Public Companies and Capital Market Supporting Professionals (“Draft Regulation”).[4]