| Issue Number : 5432

PPSP to Face Tighter Financing Controls: Maximum 20% Financing Cap to Be Introduced for Single Debtors

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is currently completing work on a new Draft Regulation (“Draft Regulation”) on the Supervision of Secondary Housing Financing Companies (Perusahaan Pembiayaan Sekunder Perumahan – “PPSP”). If this Draft Regulation ultimately comes into force, then it will replace the existing framework of Regulation of the OJK No. 4/POJK.05/2018 on PPSP, as amended by Regulation of the OJK No. 12/POJK.05/2022 (collectively referred to as “Regulation 4/2018”).[1]

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The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is currently completing work on a new Draft Regulation (“Draft Regulation”) on the Supervision of Secondary Housing Financing Companies (Perusahaan Pembiayaan Sekunder Perumahan – “PPSP”). If this Draft Regulation ultimately comes into force, then it will replace the existing framework of Regulation of the OJK No. 4/POJK.05/2018 on PPSP, as amended by Regulation of the OJK No. 12/POJK.05/2022 (collectively referred to as “Regulation 4/2018”).[1]

......

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