The Financial Services Authority (?OJK?) has issued Regulation No. 34/POJK.05/2015 on Licensing Procedures and Institutional Composition for Venture-Capital Companies (?2015 Regulation?), with the ultimate aim in mind of improving national economic growth, as well as accelerating the development of micro-to-medium scale businesses across the country.

The 2015 Regulation sets out indicators and strategies relating to the development of large-scale cooperatives, as well as describing the government?s roles in fostering such entities.

The Financial Services Authority (Otoritas Jasa Keuangan - ?OJK?) has issued Regulation No. 15/POJK.04/2015 on the Implementation of Sharia Principles in the Capital Market (?2015 Regulation?). The 2015 Regulation offers basic guidance for parties involved in the capital market who wish to implement sharia principles through their business activities.

The Regulation will serve as a legal basis for the facilitation of agricultural insurance. It is hoped that the Regulation will ease the problems experienced by farmers in dealing with agricultural business risks and in attempting to protect their businesses.

The 2015 Regulation is the implementation of Government Regulation No. 60 of 2015 (?Amendment?) and Government Regulation No. 46 of 2015 on the Old-Age Insurance Program (?Regulation?). Both the 2015 Regulation and its Amendment have been issued in order to redefine the criteria for the payment of benefits through old-age insurance program, which were considered inefficient under the previous Regulation.

In an effort to accommodate public input regarding Indonesia's old-age benefits program (program jaminan hari tua), the government has revised Government Regulation No. 46 of 2015 on the Old-Age Benefits Program (?Regulation?) through the issuance of Government Regulation No. No. 60 of 2015 (?Amendment?).

The 2015 Regulation sets out the criteria for participants eligible for the work accident and death insurance program (?Insurance Program?), including procedures for employers to register their workers to the Insurance Program. The 2015 Regulation also stipulates the method for paying Insurance Program premium by the employers and the amount of Insurance Program payable to workers.

The Financial Services Authority (?OJK?) has issued Regulation No. 3/POJK.05/2015 on Pension Fund Investment (?2015 Regulation?). The stated aim of the 2015 Regulation is to allow pension fund providers to invest the necessary funds for optimum results, while at the same ensuring the success of pension programs in Indonesia.

The Regulation provides guideline for insurance companies, insurance broker companies, pension funds, and financing companies (collectively referred to as ?Institutions?) to implement procedures and methods to identify, measure, monitor, and control risk, so called ?Risk Management?.

The Financial Services Authority (OJK) has issued Regulation No. 31/POJK.05/2014 on Organizing Sharia Financing Company Businesses (?Regulation?) to ensure that sharia financing activities comply with Islamic principles. The Regulation also aims to improve the development of sharia financing companies, including sharia business units of financing companies (collectively referred to as ?Sharia Companies?).