After three years of preparation, the BPJS for Health has finally issued the long-awaited Regulation No. 4 of 2016, which sets out technical guidelines for coordination between the BPJS for Health and insurance companies regarding the provision of benefits to BPJS for Health participants who are also looking to obtain additional health insurance from insurance companies. In general, these guidelines cover provisions relating to the scope of coordination, requirements for any insurance companies, mechanisms for the provision of benefits, as well as alternative dispute resolution mechanisms

The 2016 Regulation introduces a holistic arrangement for pawnbroker businesses which have previously never been supervised or otherwise regulated, despite having existed in the country since the Dutch colonial era.

The 2016 Regulation has been issued in a bid by the OJK to optimize the marketing roles of securities brokerage agencies (?Brokerage Agencies?), which, it is hoped, will eventually bolster the total amount of investors in the Indonesian capital market.

The 2016 Regulation sets out further details on the depositing of repatriated assets into the capital market under the auspices of the tax-amnesty program.

The 2016 Regulation provides sets out comprehensive guidelines for futures brokers relating to the implementation of so-called Know-Your-Customer (?KYC?) principles in order to ensure healthy commodity futures trading activities, as well as to prevent activity relating to money laundering and the funding of terrorism.

The OJK Circular Letter sets out further guidance for conventional and sharia-based financing companies (?Financing Company?) to prepare reports on the implementation of the good-corporate-governance (?GCG?) principle.

The 2016 Regulation aims to ensure the professional skills of individuals who are working as securities brokers in the capital market by redefining the requirements which have to be met in order to be become a broker, as well as the scope of the profession itself.

The Circular Letter sets out further guidelines for non-bank financial institutions (?NBFI?) for the implementation of mandatory risk-management measures, as well as for the preparation of self-assessment reports on the implementation of such measures, as mandated under OJK Regulation No. 1/POJK.05/2015 on the Implementation of Risk-Management for Institutions.

The Circular Letter sets out detailed procedures and formatting for the submission of reports by insurance companies on their various insurance products for the purpose of obtaining insurance-product approval letters and registration letters from the OJK. These two letters are mandatory for both general and life-insurance companies prior to such companies being allowed to offer their products to customers.

The 2016 Regulation was issued in a bid to offer guidance for commercial banks looking to mitigate any risk which might arise due complexities in the prevailing financial conditions.