Regulation 10/2023 has now adjusted the applicability period for said RKAB, which was previously set at one year, to the following periods: 1) For the exploration phase: one year; and 2) For the production - operation phase: three year period or in accordance with the relevant IUP or IUPKs (collectively referred to as "Mining Permits") remaining validity periods (for Mining Permits that are valid for less than three years). Furthermore, Regulation 10/2023 has also introduced a specific timeframe for the submission of RKAB for the production - operation phase.

Among the various changes that have now been introduced, provisions that specifically address the following areas have been adjusted: procedures for the replacement and dismissal of members of banks boards of directors and boards of commissioners, committee classifications and memberships, the implementation of Governance, Risk and Compliance (Tata Kelola, Manajemen Risiko dan Kepatuhan/GRC), applicable administrative sanctions, and the mechanism for the submission of reports to the OJK

The electronic trading of Crude Palm Oil , as facilitated and/or organized by CPO exchanges through futures exchanges may only be carried out by futures exchanges that have previously been approved by Bappebti as official CPO exchanges

Both domestic and overseas job vacancies must be reported to the Minister of Manpower through the Manpower Information System

Exchange Users must comply with various obligations, otherwise, they may be subject to the imposition of sanctions by the Organizer. These obligations include: 1) Must maintain the confidentiality of their given user-id and password and are prohibited from transferring them to any other parties; 2) Must comply with provisions, requirements and procedures that relate to the use of any facilities that are provided by the Organizer; 3) Must submit incidental reports within a maximum of seven Organizer days of any changes being made to certain types of information (e.g. business licensing, names of Exchange Users, information relating to Exchange Users, company deeds, etc.)

Organizers of PMSE (PPMSE) in the form of social commerce are prohibited from: 1) facilitating any payment transactions through their electronic systems; and 2) acting as manufacturers, in accordance with relevant legal frameworks on the distribution of goods

The Regulation obliges Parties to establish effective internal control systems. In this regard, the existence of said systems should be proven through the following means: 1) Establishment of adequate internal policies, procedures and monitoring mechanisms; 2) Limitation of the authorities and responsibilities of work units that relate to the organization of PPSPM prevention programs; and 3) Implementation of independent examinations aimed at ensuring the effectiveness of PPSPM program applications

The trading of Carbon Units may only be undertaken between carbon exchange service users in compliance with relevant frameworks and guidelines that have been established by the Carbon Exchange Organizer

Circular 10/2023 mostly features similar provisions that address determinations of risk parameters to those that featured under the Previous Circular, with certain key differences relating to additions of Mutual Fund Participation Units

The Supervisory Statuses that apply under the Draft Regulation have now been adjusted and are set to encompass the following classifications: 1) Normal; 2) In recovery (dalam penyehatan); and 3) In resolution. In this regard, the forthcoming framework has also made adjustments to various applicable criteria that relate to Banks that are classified under the second and third tiers of the currently applicable Supervisory Statuses.