Minimum 5% Allocation for Centralized Allotment and Three-Month Due Diligence Requirements Soon Introduced for EBUS Offerings

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is currently completing work on a new Draft Regulation  (“Draft Regulation”) of the OJK Board of Commissioners on the Implementation of Electronic Public Offerings of Debt Securities and/or Sukuk (Efek Bersifat Utang dan/atau Sukuk – “EBUS”). If this Draft Regulation ultimately comes into force, then it will serve as an implementing framework to Regulation of the OJK  No. 41/POJK.04/2020 (“Regulation 41/2020”) and will specifically address the governance of electronic public offerings of EBUS.[1]