Regulation 11/2019 aims to ensure the improved implementation of prudential principles, specifically by commercial bank, when undertaking any asset securitization activities

Pawnbroker businesses and pawnbroker companies are obliged to submit quarterly periodic reports containing the following information: 1) Business profiles; 2) Financial statement; 3) Operational reports; and 4) Financial analysis reports on assets and liabilities

Setting out the standards relating to the various activities of securities brokers for bonds and sharia bonds

New minimum down-payment rates are rolled out for the sharia vehicle financing which are based on financial soundness levels and net non-performing productive asset (Net NPA), which ranging from 0% to 25%.

In an attempt to stay abreast of rapid developments in the world of bonds trading and to broaden the overall scope of bonds, the Financial Service Authority has just issued Regulation No. 8/POJK.04/2019 on Alternative Market Organizers.

Similar with its predecessor, Regulation 7/2019 still prohibits promotions of securities marketing to contain any false or misleading information, while disclosing any investment risks in accountable manner

In order to ensure compliance with international standards for internal bank auditing, the Financial Services Authority recently issued Regulation No. 1/POJK.03/2019 on the Implementation of the Internal Audit Function by Commercial Banks.

In a bid to further regulate the mandatory utilization of national insurance for exports and imports of certain goods, the Director-General of Foreign Trade has officially issued Regulation of the Director-General No. 02/DAGLU/PER/1/2019 on Technical Guidelines for the Implementation of Provisions on the Utilization of National Insurance for Exports and Imports of Certain Goods.

The Financial Services Authority has committed to providing new forms of alternative investment for guarantee institutions and re-guarantee institutions to exploit through the issuance of Regulation No. 30/POJK.05/2018 on the Amendment to Regulation of the OJK No. 2/POJK.05/2017 on the Business Organization of Guarantee Institutions.

Any appointment, authorization, change or revocation of power which is undertaken through the E-Proxy platform will be considered valid and binding on all parties, without the need for any wet/physical signature