This regulation also increases the amount of paid-up capital that is required in order to establish LPIP, which has now been set at a minimum of Rp. 200 billion. Previously, a minimum limit of Rp. 50 billion was set

Commencing 1 May 2022, P2P Lending will be subject to the imposition of Income Tax, while Fintech companies will be subject to the imposition of Value Added Tax

The drafting process for LAPS SJK regulations should comprise the following phases: 1) Drafting; 2) Consultation with the relevant stakeholders; 3) Draft adjustment; 4) Submission of application for approvals from supervisors; and 5) Submission of application for OJK approval

Written orders may be issued directly without being preceded by any written instructions if: 1) There is an overriding need to accelerate the handling of a given LJKs problems due to the urgency and/or significance of said problems; and/or 2) The direct issuance of any written orders is based on attributions of authorities that are in turn based on the applicable laws and regulations

The KPR Sejahtera program is funded through a combination of FLPP funding and funding provided by FLPP executing banks

Extends the definition of management's primary parties to include management executives at the Financial Institution Pension Fund. Moreover, officers operating at levels above that of division head, aside from Board of Directors members, are also now defined as executive officers of Conventional Commercial Banks and Sharia Commercial Banks

SIPENDAR contains general, special and specific information, while said information may only be accessed and exchanged by information users through the SIPENDAR application itself. Moreover, specific information can only be accessed by certain stakeholders through the filing of requests with the PPATK

A reporting party may delegate another reporting party to submit its reports to the Indonesian Financial Transaction Reports and Analysis Center

The transaction format should be used by PJK during the submission of LTKM, LTKM that relate to terrorism funding, and LTKM based on requests made by the PPATK, while the activity format is to be utilized by PJK whenever they submit LAM that relate to the termination of business relationships, LAM that relate to terrorism funding, and reports on PJK service user activities that fulfill the criteria for suspicious financial transactions even though there are no indications of suspicious transactions being made through user accounts

This amendment now states that interest-subsidy or margin-subsidy facilities will also be granted during 2021 for a maximum period of six months between 1 January and 30 June 2021