Although the procedures for the mandatory registration of drugs (Registration) for medicinal products that contain biological substances (Biological Products) are already outlined under Regulation 24/2017, the Fifth Amendment has now clarified that there are 11 officially designated types of Biological Products (e.g. enzymes, monoclonal antibodies, vaccines and so forth) and also that these various products may be produced conventionally or via methods that involve biotechnology. Moreover, this Fifth Amendment also newly includes five-day and 20-day evaluations of Registration process (Evaluation Pathways) schemes, which include drugs that have been designated with Emergency Use Authorization (EUA) status.

This new regulatory framework has now revised and expanded the methods that are available for Government Sharia Securities (Surat Berharga Syariah Negara SBSN) buybacks by retaining the Auction and Bilateral Buyback methods, while introducing Bookbuilding Transactions and Direct Buybacks as additional options. Adjustments have also been made to the Auction process, which now allows for both multi-price and uniform-price offers to be handled, as well as to the Bilateral Buyback process, which now applies a revised minimum nominal threshold to rupiah- and foreign currency-denominated SBSN

Both conventional and sharia-based pawnshop companies (collectively referred to as Pawnshops) are required to maintain certain soundness levels, which they should evaluate through annual self-assessments (Self-Assessments) that apply a risk-based approach. Said assessments should measure factors such as capital, loan receivable quality, profitability, liquidity and management, which together should determine a relevant composite rating (peringkat komposit PK) ranging from PK-1 (Excellent) to PK-5 (Poor).

The Housing Credit Program provides credit/financing to individuals or business entities that are categorized as Micro-, Small- and Medium-Scale Enterprises (Usaha Mikro, Kecil dan Menengah - UMKM) and that operate within the housing sector. In essence, the Housing Credit Program breaks down into two schemes: 1) Supply side (i.e. for land acquisition and purchases of building materials, as well as goods/services required for the construction of housing or residential buildings); and 2) Demand side (i.e. purchases, construction or renovations of housing in order to support business activities).

This new framework clarifies and details the applicable procedures for the management of song and/or music copyright royalties (Royalties Management), particularly in relation to the collection (penarikan) and pooling (penghimpunan) of royalties. This Regulation also outlines a total of 23 analog and six digital services that are classified as commercial public services (i.e. services involving the use of songs and/or music that are accessible to the public with the aim of generating economic profit). These services will now be subject to mandatory royalty payments. Moreover, this new framework also confirms that the obligation to pay specified royalties during the provision of such commercial services rests with the relevant business organizers or owners.

This new Circular affirms that organizers (Organizers) of Information Technology-Based Joint-Funding Services (Layanan Pendanaan Bersama Berbasis Teknologi Informasi P2P Lending) are now permitted to act as distribution partners for government securities, as well as engage in information service collaborations and other Financial Services Authority (Otoritas Jasa Keuangan/OJK) approved activities. Meanwhile, sharia-based P2P Lending services must operate in line with approved contracts that are supported by fatwas or opinions from Sharia Supervisory Board. The new Circular also formalizes the General Meeting of Funders (Rapat Umum Pemberi Dana/RUPD) mechanism, thereby requiring Organizers to establish clear guidelines that cover meeting procedures and mechanisms.

This new Regulation defines six categories of assets that are managed by the Investment Management Agency (Badan Pengelola Investasi) of Daya Anagata Nusantara (BPI Danantara). These assets comprise shares, securities, cash or its equivalent, receivables, land and/or buildings, and other permitted goods/assets, which may be utilized for investment or operational purposes, as well as for state contributions or the establishment of reserves that will be used in order to mitigate investment and capital risks.

Main parties of the Non-Operational Holding Companies of Financial Conglomerates is subject to the mandatory fit-and-proper assessment organized by the OJK. Taking into account four core assessment factors, this fit-and-proper assessment shall broadly be implemented under the following phases: 1) Drafting of compliance checklist in relation to the required administrative documents; 2) Submission of required administrative documents; 3) Implementation of administrative assessment; and 4) Issuance of fit-and-proper assessment result stipulation by the OJK.

Rice Farming Insurance (Asuransi Usaha Tani Padi AUTP) aims to protect farmers against crop failure risks by providing insurance coverage for eligible participants, namely, members of registered farmer groups who cultivate up to two hectares of irrigated, swamp, or rain-fed rice fields and possess a valid National Identity Number. AUTP coverage spans from the estimated planting to harvest dates, with a maximum insured value of Rp 6 million per hectare per planting season and a premium rate of 3% (Rp 180,000).

To enhance access to financing in labor-intensive sectors, the Minister of Finance has issued a regulatory framework for the implementation of interest or margin subsidy (collectively referred to as Subsidies) under the Labor-Intensive Industrial Credit (Kredit Industri Padat Karya/KIPK) scheme. This framework assigns specific responsibilities to eligible financial institutions or cooperatives (Distributors) in proposing and distributing the Subsidies, including the preparation of an annual Distribution Work Plan, containing detailed credit and performance data by province. Subsidies, set at an annual rate of 5%, may be granted to qualified individuals or business entities engaged within labor-intensive industries.