| Issue Number : 4597ID See Translation Version

The following types of Members are required to fulfill various specific requirements by 15 June 2023: 1) Members who have secured approval letters for securities derivative contracts and options (e.g. Must have an electronic-based storage procedure in place for the Trading of transaction data); and 2) Members who have secured approval letters for the trading of securities derivatives contracts and who may be acting as liquidity providers for index LQ 45 and index IDX 30 Trading activities (e.g. Must have certain executors that understand the products and transaction mechanism in order to perform the above offering and purchasing of securities derivative contracts through JATS).

| Issue Number : 4596ID See Translation Version

Working hours can be adjusted by IPKBE in line with one of the following options: 1) Seven hours/day and 40 hours/week for six business days weekly; or 2) Eight hours/day and 40 hours/week for five business days weekly. Meanwhile, wages may be adjusted by allowing IPKBE to pay at least 75% of their normal wages to employees. These adjustments should be made based on written agreements between IPKBE and their employees and may only be applied for periods of no longer than six months

| Issue Number : 4595ID See Translation Version

This new regulation applies to children of dual citizenship ("Children") who fall into the following categories, among others: 1) Children born of legal marriages of parents with different citizenships (Indonesian and foreign); 2) Children born outside of marriage, who are acknowledged by their fathers (who are Indonesian citizens) as their children before said children turn 18 years of age; 3) Children born outside the territory of Indonesia whose parents are Indonesian citizens

| Issue Number : 4594ID See Translation Version

The organization of CCS and CCUS is to be implemented in two stages, specifically planning and organization. Prior to the organization of CCS and CCUS, contractors should submit Plans for CCS or CCUS Organization Within Working Areas for Exploration or Exploitation

| Issue Number : 4593ID See Translation Version

Fishing quotas in measured fishing zones are divided up as follows: 1) Industrial quotas; 2) Local fishermens quotas; and 3) Non-commercial quotas. This regulation specifies the parties who are entitled to enjoy these fishing quotas

| Issue Number : 4592ID See Translation Version

The completion of PTSL activities is divided into the following clusters: 1) Cluster 1; 2) Cluster 2; 3) Cluster 3.1; 4) Cluster 3.2; 5) Cluster 3.3; 6) Cluster 3.4; 7) Cluster 4; and 8) Cluster 4.2

| Issue Number : 4591ID See Translation Version

The new regulation contains various provisions that address the granting of permits or approvals for the following activities: 1) Utilization of water resources for business activities; 2) Utilization of water resources for non-business activities; and 3) River channel diversions

| Issue Number : 4590ID See Translation Version

The limitation on the foreign ownership of companies operating within certain business sectors does not apply in relation to business licensing within IKN

| Issue Number : 4589ID See Translation Version

The Circular also introduces a number of provisions that specifically address the transition period for conversions from BUK to BUS. This transition period should be executed in line with the following considerations: 1) Activities that can be performed when a BUK has secured a permit of conversion to BUS but has not yet stated that it has begun operating in line with sharia principles; and 2) Activities that can be performed when a BUK has secured a permit of conversion to BUS and has already stated that it has begun operating in line with sharia principles

| Issue Number : 4588ID See Translation Version

In order to secure this certification, business actors must submit certification applications containing the following categories of information: 1) Applicant information; 2) Product information; and 3) Production process information.

113
2026 Hak Cipta Milik Hukumonline.com
Cookies Info