In order to further improve the effectiveness of the collection of levies from financial service institutions and from supporting professionals in the financial service industry (e.g., public accountants, public assessors, actuaries, etc.), as undertaken by the Financial Services Authority, the OJK has issued Regulation No. 22/POJK.02/2018, which amends Regulation of the OJK No. 3/POJK.02/2014 on Procedures for the Collection of Levies by the Financial Services Authority.

The Financial Services Authority has issued Regulation No. 35/POJK.05/2018 on the Organization of the Business Activities of Financing Companies as part of an effort to boost the role that financing companies play within the national economy, as well as to improve the implementation of prudential principles and also to enhance consumer protection.

In order to conform to the various procedures which are set out under regulations issued by the Financial Services Authority, the Board of Directors of PT Bursa Efek Indonesia has issued Decree No. KEP-00183/BEI/12-2018 on the Amendment to Rule I-A on the Listing of Shares and Equity Securities Other Than Shares Issued by Listed Companies.

Finally, after a wait of almost two years since the initial introduction of the current legal framework for Peer-to-Peer Lending, the Financial Services Authority has introduced another new legal framework which specifically addresses the area of financial technology through the issuance of Regulation No. 37/POJK.04/2018 on Information-Technology-Based Crowdfunding Services via Public Offerings (Equity Crowdfunding).

In a bid to redefine provisions relating to investment of the assets of conventional insurance and reinsurance companies operating within Indonesia, the Financial Services Authority has issued Regulation No. 27/POJK.05/2018 on the Amendment to Regulation of the OJK No. 71/POJK.05/2016 on Financial Soundness for Insurance and Reinsurance Companies.

In a bid to harmonize generally accepted accounting standards with administrative procedures relating to the levying of fines, so that said standards will be brought into line with Regulation of the Government No. 11 of 2014 on Financial Services Authority Levies, the Financial Services Authority has issued Regulation No. 26/POJK.02/2018 on the Second Amendment to the Regulation of the OJK No. 4/POJK.04/2014 on Procedures for the Collection of Administrative Sanctions in the Form of Fines within the Financial Services Sector.

On 17 December 2018, the Financial Services Authority issued a Draft Regulation on Affiliated Transactions and Conflicts of Interest during Certain Transactions with the primary objective of improving disclosures of information by both public companies and controlled companies.

The Financial Services Authority has issued Circular No. 15/SEOJK.05/2018 on Guidelines for the Formulation of Work Plans and Budgets for Liquidation Fees, as Well as Payments of Reasonable Incentives to Liquidation Teams for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies.

The Financial Services Authority has issued Regulation No. 20/POJK/04/2018 on Licensing for the Representatives of Securities Underwriters and Representatives of Securities Brokers.

In a bid to further bolster the growth of housing sector financing, as well as to boost foreign exchange through the provision of export-oriented funding, the Financial Services Authority has issued Circular No. 13//SEOJK.03/2018 which amends Circular of the OJK No. 34/SEOJK.03/2015 on the Calculation of Risk-Weighted Assets for Credit Risk Using the Standard Approach for Sharia Banks.