| Issue Number : 5203

Raising the Bar: Equity Crowdfunding Providers Now Required to Hold Rp.25 Billion in Capital and Undergo Fit-and-Proper Testing

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 (“Equity Crowdfunding”), which was later amended by Regulation No. 16/POJK.04/2021 (collectively referred to as “Regulation 57/2020”). As its title suggests, Regulation 57/2020 outlined the applicable mechanism for the offering and purchase of securities through equity crowdfunding.

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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 (“Equity Crowdfunding”), which was later amended by Regulation No. 16/POJK.04/2021 (collectively referred to as “Regulation 57/2020”). As its title suggests, Regulation 57/2020 outlined the applicable mechanism for the offering and purchase of securities through equity crowdfunding.

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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