New Draft Circular on P2P Lending: Mandatory Monthly Income of Rp. 3 million for Fund Recipients

In 2024, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced an updated regulatory framework that addressed the organization of Information Technology-Based Joint Funding Services (Layanan Pendanaan bersama Berbasis Teknologi Informasi – “P2P Lending”) within Indonesia through the issuance of Regulation  No. 40 of 2024 (“Regulation 40/2024”). Hukumonline’s Legal Research and Analysis Team analyzed the various provisions that feature under Regulation 40/2024 in the following edition of Indonesian Legal Brief (“ILB”): “Attention P2P Lending Service Organizers: Rp. 12.5 billion Equity Requirement Deadline Set for July 2025!”