The competence units that have been introduced under the decree include the following: 1) Stipulation of PDP strategy; 2) Preparation of a PDP risk matrix; 3) Implementation of the monitoring of PDP in accordance with compliance with relevant regulations; 4) Preparation of PDP governance; 5) Ensuring that PDP is fully integrated into incident response management

The following obligations must be fulfilled by no later than 31 December 2023: 1) AP must secure sharia accounting knowledge certification; and/or 2) KAP must submit their cooperation agreements with any foreign KAP or foreign auditor organizations

Listed companies are now required to fulfill the following requirements if their shares are to remain listed on the BEI: 1) Must have minimum free-float shares that amount to 7.5% of the total amount of listed shares; and 2) Must have a minimum of 300 shareholders who should be customers that have already secured SID. However, a relaxation period for the fulfillment of these requirements is now in place and runs until 31 July 2025

Regulation 7/2023 now mandates that a minimum of 30% of any DHE SDA that has previously been deposited into the Special Account should be placed within the Indonesian financial system for a minimum of three months after the relevant deposit

The Minister of Marine Affairs and Fisheries has introduced the Indonesian Qualifications Framework (KKNI) within the field of shrimp processing, which applies to the following six job positions: 1) Levels 1 3: Operators; 2) Level 4: Technicians; and 3) Levels 5 6: Managers

Any changes that are made to administrative, efficacy, safety, quality and/or information factors relating to drugs and their labeling that have secured distribution permits for Indonesia must be evaluated through a pre-registration process

The required minimum capital levels for the establishment of UUS have now been revised and reorganized into several classifications and fulfillment periods, as follows: 1) New UUS: Rp. 1 trillion; 2) Existing UUS: Rp. 500 billion by 31 December 2023 and Rp. 1 trillion by 31 December 2024; and 3) Existing UUS belonging to regional government banks: Rp. 500 billion by 31 December 2024 and Rp. 1 trillion by 31 December 2025

While the Amendment has retained most of the timeframes for the submission of mandatory reports by Pharmaceutical Businesses, said Amendment now states that reports on the importation and distribution of drugs and drugs materials by PBF and PBF branches specifically must be submitted on a monthly basis by the 25th day of the following month

When processing the depreciation of tangible assets, the government should divide said assets into the following categories: 1) Non-Buildings: Group 1 (four-year benefit period), Group 2 (six-year benefit period), Group 3 (16-year benefit period) and Group 4 (20-year benefit period); and 2) Buildings: Permanent (20-year benefit period) and Non-Permanent (10-year benefit period)

The Minister of Communication and Informatics is currently preparing a Draft Decree on Technical Standards for Telecommunications Equipment/Devices Specifically Short-Range Devices (SRD), which addresses ten specific types of SRD, including: 1) Bluetooth IEEE 802.15.1; 2) Ultra-Wide Band (UWB); 3) Low-Rate Wireless Personal Area Networks (LR-WPAN) IEEE 802.15.4; 4) Cordless telephones; 5) Wireless Power Transmission (WPT)