Proficiency Tests comprise one of the phases that are required to be completed by Security Personnel candidates in order to ultimately secure their Personnel Licenses. Airport Operators or Training Institutions that organize said Proficiency Tests are now also required to provide computers in amounts that are equivalent to the number of Proficiency Test participants in addition to the originally mandated test facilities (e.g. testing rooms, high-speed interest access, videoconferencing devices and so forth). In addition, any candidates who wish to secure Junior Licenses or Senior Licenses are no longer required to complete individual examination practical tests as a part of their Proficiency Tests
The Draft Regulation has updated the maximum funding limits as follows: 1) A maximum consumption funding limit of up to Rp. 2 billion and 2) A maximum productive funding limit of up to Rp. 5 billion. Organizers of P2P Lending who engage in productive funding of Rp. 2 billion - Rp. 5 billion will be required to choose a TWP90 of a maximum of 5% for the previous six months and will not have sanctions that involve business activity restrictions imposed upon them by the Financial Services Authority
A total of 33 types of information are now required to be included in Product Characteristic Summaries, including: 1) The composition of drugs (names and properties of active substances); 2) Posology and method of administration; and 3) Physical and chemical incompatibilities of the Product. Meanwhile, a total of 21 types of information are now required to be included in Product Information for Patients, including: 1) Drug interactions that must be avoided when taking the drug; 2) Pregnancy and breastfeeding-related information; 3) Effects during driving and the operation of machinery; 4) Overdose and treatment options; and 5) Stability/limits of use after reconstitution or after a container has been opened
The Indonesia Stock Exchange has amended Rule I-X on the Placement of Equity Securities Listings on the Special Monitoring Board. This new regulation focuses on updating the conditions and criteria for the listing of companies on the Special Monitoring Board and the requirements for their removal
Human resources development mandates for financing companies, venture-capital companies (Perusahaan Modal Ventura "PMV"), micro-financing institutions and other types of financial services institutions (collectively referred to as "PVML") have been classified into four categories that break down as follows: 1) Organizational structure (e.g. dedicated functions for human resources development, fulfillment of sustainability requirements and outsourced human resources); 2) Funding of human resources development (i.e. mandatory allocation of 2.5% of total manpower funding over the previous year to PMVL that do not fall into the micro-financing institution and medium-scale, non-micro-financing PVML institution categories); 3) Implementation of human resources development (e.g. in relation to the PVML sector, non-PVML sectors [e.g. banking, capital market, information technology and so forth] and other work competency developments); and 4) Planning, policies and monitoring (e.g. establishment of systems and procedures for the sustainable development of PMVL human resources).
Three forms of exemptions to payable Rural and Urban Land and Building Tax (Pajak Bumi dan Bangunan Pedesaan dan Perkotaan "PBB-P2") for the 2024 tax period are now available for taxpayers in relation to PBB-P2 objects that meet certain criteria, and encompass 100% and 50% exemption rates, as well as exemptions in certain amounts that will aim to prevent increases in the PBB-P2 rate that exceed 25%. Moreover, Taxpayers are entitled to submit applications to pay off their PBB-P2 in installments before 31 July 2024. Said installment payments are only available for PBB-P2 which must be settled during the 2024 tax year and arrears that date from the 2013 to 2023 tax years
Prospective organizers of Technological Innovations Within the Financial Sector (Inovasi Teknologi Sektor Keuangan "ITSK") are required to register themselves with the Financial Services Authority (Otoritas Jasa Keuangan "OJK") once they have shown that they are in compliance with the mechanism that is currently facilitating trials aimed at assessing the feasibility and reliability of the ITSK (Sandbox) phase or have been recommended by the OJK for such registrations. The registration of organizers of ITSK ("Organizers") commences with the submission of registration forms, along with four classifications of required data and information, including those that relate to information technology. These documents may include certificates from the International Organization for Standardization/International Electrotechnical Commission Standard 27001 on Information Security, Cybersecurity and Privacy Protection Information Security Management Systems Requirements (ISO/IEC 27001)
The Draft Regulation retains the nine forms of administrative sanctions that may be imposed in relation to violations of Law No. 40 of 2014 on Insurance (e.g. written reprimands, restrictions on business activities, fines and so forth), as originally outlined under Regulation of the Financial Services Authority (Otoritas Jasa Keuangan "OJK") No. 17/POJK.05/2017 ("Regulation 17/2017"). However, the Draft Regulation also now includes a reduction in company soundness levels on the aforementioned list of available administrative sanctions. These administrative sanctions can be imposed upon various specific types of companies and business actors, including: 1) Insurance and reinsurance companies; 2) Insurance/reinsurance broker companies and insurance loss appraisal companies; 3) Actuarial consultants and appraisers; 4) Insurance broker consultants, reinsurance brokers and insurance agents; and 5) Shareholders, controlling parties and other executive positions in insurance companies
Issuers of securities and non-collective custodian public companies that are designated and registered as Users of the Electronic General Meeting of Shareholders (Rapat Umum Pemegang Saham Elektronik "e-RUPS") system provided by PT Kustodian Sentral Efek Indonesia ("KSEI") (collectively referred to as "eASY.KSEI") are required to pay service fees to KSEI whenever they utilize eASY.KSEI services. Said payments must be completed before the due dates that are specified in monthly invoices. In this regard, KSEI is offering discounts of up to 25% on e-RUPS execution service fees for e-RUPS that are registered with eASY.KSEI between 1 June 2024 and 31 May 2025
If ultimately enforced, the guidelines for the verification of analysis methods for drugs and drug materials ("Guidelines") will serve as a reference during verifications of analysis methods for drugs and drug materials (collectively referred to as "Drugs") (i.e. procedures for analysis of the identities, purities physical properties and potentials of certain Drugs)