The maximum threshold for the granting of loans or financing to a single customer is set at 10% of an LKMs equity. However, this limit may be increased to 20% of an LKM's equity if a customer satisfies the following conditions: 1) The customer must have a good track record with the LKM in question; and 2) The granting of loans or funding must be accompanied by collateral or credit guarantees which meet the minimum value of the relevant loans or financing

During the organization of information technology by LJKNB, various requirements relating to data storage must be complied with, including: 1) Must conduct data back-up activities; 2) Must own a data center; and 3) Must own a disaster-recovery center. The applicability of these requirements will depend on the total assets owned by the relevant LJKNB

Crowdfunding service providers are now required to register with the Ministry of Communications and Informatics as electronic system providers after first securing business licenses from the Financial Services Authority

OJK may determine final reassessment results without the requirement to follow the necessary reassessment steps and to set shorter periods for the submission of responses from reassessed primary parties under certain conditions

The OJK may revoke the business license of an LJKNB if said LJKNB is deemed unable to become sound due to the fact that the period for the imposition of the special supervision status has expired while the LJKNB in question still meets the special supervision status criteria

Said organizers implement a risk-based approach in relation to these programs through the following measures: 1) Identification of inherent risks; 2) Determination of risk tolerance; 3) Formulation of risk control and reduction measures; 4) Evaluation of residual risks; 5) Implementation of risk-based approach; and 6) Review and evaluation of risk-based approach

Insurance companies, sharia insurance companies, reinsurance companies and sharia reinsurance companies are required to implement individual assessments of their soundness levels through the application of a risk-based approach, which should encompass the following factors: 1) Good corporate governance; 2) Risk profile; 3) Profitability; and; 4) Capital

Participants in DPPK and DPLK and their beneficiaries may opt to receive lump-sum payments of their pension benefits provided that any funds that have been accumulated through their pensions do not exceed the relevant determined floor threshold value and provided that such payments are determined under the relevant pension-fund regulations

The validity period for countercyclical policies runs until 17 April 2022, with the exception of the following: 1) Policies that address the submission deadlines for periodic reports; 2) The implementation of presentation and clarification for fit-and-proper testing purposes; and 3) Insurance company communications mechanisms. These three policies will remain in place for the duration of the COVID-19 emergency

This new regulation removes the restriction on issuers, which previously had to take the form of limited liability companies. As such, other types of business entities (e.g., cooperatives, private companies), are also now eligible to become issuers under the auspices of equity crowdfunding services