If this new Draft Bill is ultimately enforced, then it will strengthen Indonesia?s Chamber of Commerce and Industry (Kamar Dagang dan Industri - ?Kadin?) by positioning it as a strategic government partner with a unique sui generis, non-structural status, as well as broader responsibilities relating to policymaking, governance and business support functions. The Draft Bill also introduces tiered membership, a binding Code of Ethics, an independent Business Dispute Resolution Agency and the new Kadin Information System.

The new Rule II-F establishes a framework for the registration and administration of Electronic Gold Receipts (?EGR?) at PT Kustodian Sentral Efek Indonesia (KSEI) as underlying assets for Gold Exchange Traded Funds (Gold ETF). The new framework requires all EGR to be backed by qualifying physical gold. Rule II-F also introduces Issuer obligations that cover reconciliation, documentation and registration procedures, while regulating the full EGR lifecycle, including asset conversions, withdrawals, account blocking, cancellation and re-registration requirements.

This Circular streamlines the fulfillment of River Basin (Daerah Aliran Sungai/DAS) rehabilitation obligations by holders of Forest Area Utilization Approvals and Forest Area Release Approvals due to Forest Area Exchanges through ecosystem restoration, which should be carried out under standardized Cooperation Agreements (Perjanjian Kerja Sama - ?PKS?). The Circular streamlines the applicable framework through the introduction of a new 10-business-day PKS completion timeline, as well as by requiring a five-year planting and maintenance commitment. The new framework also strengthens compliance through monitoring, technical supervision, administrative sanctions and transitional adjustments for ongoing projects.

Guidelines 4/2025 establish a comprehensive compliance framework for entities participating in Bank Indonesia (?BI?) monetary operations by standardizing participation requirements, mandatory reporting obligations and procedures for corporate actions, deregistration and official correspondence. Participating Entities should strengthen their internal governance, ensure the timely reporting of operational and corporate changes through BI?s licensing system, and maintain their readiness to comply with the various administrative and operational requirements that are set out in Guidelines 4/2025.

The Amendment introduces significant changes to Indonesia?s carbon trading framework by revising the registry system, expanding the categories of tradable carbon units and offering greater flexibility for the trading of internationally recognized carbon units. The Amendment has also expanded OJK oversight to include the governance of carbon exchange users? sustainability and provides a three-month transition period in order to support the implementation of the new registry framework.

This Regulation establishes a new framework for judicial pardons, allowing judges to waive criminal sentences in limited circumstances for eligible offenders despite findings of guilt in relation to KUHP and non-KUHP crimes, while excluding corporate criminal offenses. This new Regulation also sets out various eligibility criteria, procedural requirements and appeal mechanisms, with cassation generally prohibited for judicial pardon verdicts except in limited appellate circumstances.

This Regulation strengthens the regulatory framework for Information Technology-Based Joint Funding Service (Layanan Pendanaan bersama Berbasis Teknologi Informasi ? ?P2P Lending?) Organizers through the introduction of dual reporting obligations, enhanced request procedures for borrower information and stricter data governance requirements. This new framework also reinforces user data protection by prohibiting unauthorized commercialization and sharing while clarifying the available administrative sanctions and expanding the OJK?s supervisory powers.

This new Regulation has now overhauled the verification process for small and medium enterprises that are applying for priority mining business license areas through the introduction of fully integrated electronic assessments and the elimination of field verifications. Crucially, the Regulation mandates that companies should integrate local economic development programs into their annual work plans and execute targeted supply-chain partnerships both prior to and after the commencement of any mining production operations.

This Regulation introduces a structured sentencing framework for specific terrorism offenses that now requires judges to follow a mandatory five-step assessment process and apply a sentencing matrix based on culpability and the severity of specific offenses. While allowing limited departures from the prescribed sentencing ranges, any deviation must be supported by comprehensive legal reasoning and adherence to the Regulation?s procedural requirements.

The new Regulation significantly strengthens Bank Indonesia's consumer protection framework by imposing stricter market conduct obligations on organizers of financial services (?Organizers?). The new framework requires the establishment of dedicated consumer protection units, mandatory self-assessments, enhanced governance of standard agreements and a more rigorous framework for cross-border data transfers. This will require Organizers to strengthen their compliance, governance and data protection practices during the six-month transition period.