The minimum paid-up capital that interested parties looking to establish Companies must now possess has increased from IDR 100 billion to IDR 250 billion

In order to establish an infrastructure financing companies, relevant parties are required to possess at least IDR 1 trillion at the time of establishment, which must be paid in full in cash

During the utilization of marketing channels, several requirements must be satisfied, including: 1) Companies will be held responsible for any consequences that arise in relation to any issued insurance policy, as well as for the actions of any parties who engage in insurance marketing; 2) Insurance marketing must be implemented through cooperation agreements; 3) All cooperation agreements must be documented; and so forth

Futures brokers are required to create independent compliance divisions within their main offices and also within all of their branch offices. These compliance divisions are tasked with assisting compliance directors and handling customer complaints

This new Regulation mandates that LJKNB are now required to establish clear authorities and responsibilities for their boards of directors, boards of commissioners and sharia supervisory boards in relation to the implementation of risk management.

In order to engage in activity as a futures-trading advisor, an interested party must first secure a proper futures-trading advisors business license from the Head of the Bappebti by submitting an electronic application via the following official website: http://pbk.bappebti.go.id. If the application is approved, then the Head of Bappebti will subsequently issue a futures-trading advisors business license.

The placement of funds in Partnering Banks is to be implemented in the following forms: 1) Deposit; or 2) Government Giro, which only applies to certain assignments that are given by the government to Partnering Banks, as stipulated through the issuance of decrees of the Minister of Finance

Lenders aiming to participate in the interest/margin subsidy scheme under the National Economic Recovery Program are no longer required to submit letters of intent. As a result, the overall procedure for the granting of subsidies now breaks down as follows: 1) Submission of debtor data via the Credit Program Information System ; 2) Notification of debtors; 3) Submission of subsidy invoice; and 4) Settlement of invoice

All financing companies, sharia financing companies and UUS (including Companies who operate UUS) are required to carry out individual assessments of their soundness levels through the application of a risk-based, multi-finance rating approach. Said individual assessments should be conducted on an annual basis at the least at the end of every December.

Any LJKNB that have received written orders from the OJK to initiate or accept any corporate actions are required to carry out the following actions: 1) Prepare an action plan; and 2) Ensure that the relevant corporate actions are implemented in accordance with the action plan and report the progress of any such implementation to the OJK.