All banks are now required to prepare and submit recovery plans to the OJK, whereas previously only systemic banks were mandated to prepare and submit such plans. The new Regulation introduces various new deadlines for the submission of recovery plans, which lie between November 2024 and December 2027, depending on the type of banks concerned

In addition to the foreign citizens who were previously eligible to secure limited-stay visas, representatives of foreign parent companies that are visiting or assigned to branches or subsidiaries in Indonesia are now also eligible to secure this type of visa

Mandatory submissions of reports by Rural Banks and Sharia Rural Banks via the Financial Services Authority Reporting System are set to be redefined.

While the newly introduced 2024 National Strategy on Consumer Protection retains the majority of sectors that were originally stipulated as priority consumer protection sectors under the previous 2017 - 2019 National Strategy on Consumer Protection, the 2024 National Strategy has now expanded the list of priority sectors through the inclusion of tourism and creative economy

For stateless individuals or foreign nationals (i.e. individuals who are not Indonesian citizens) who are in possession of stay permits and non-passport travel documents, a number of additional requirements must be fulfilled in order to enter or exit Indonesian territory, including: 1) Re-entry permit; 2) Return or onward ticket; and/or 3) Visa approval from the Director-General of Immigration

The Draft Regulation encompasses 103 articles spanning 19 chapters, including revised criteria for and structures of financial conglomerates, as well as provisions on the establishment and business activities of PIKK

A total of 22 mineral commodities have now been classified as strategic minerals. These commodities have strategic value and will serve as raw materials for domestic mineral downstreaming in order to develop strategic industries. In this regard, determinations of strategic minerals should be based on certain five criteria

In order to secure principle approvals for stock splits and reverse stock splits, public companies or issuers with stocks that are listed on PT Bursa Efek Indonesia are required to fulfill various requirements

All goods, services, rights and other interests, as well as any derivatives thereof, that can be traded and that are subject to futures contracts, sharia derivative contracts and/or other derivative contracts are required to first be approved by Bappebti in order to be traded through physical commodity markets that are based on sharia principles

KPEI has decided to provide a number of new facilities that utilize the Main Securities Account for Securities Derivative Contract Transactions at KPEI and the sub-Securities Account at KSEI. In this regard, KPEI has clarified that clearing members will be required to deposit the relevant security funds within six exchange days of any Securities Account being opened