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Indonesia: Insurance companies' BOC & BOD consisting only of Indonesian nationals

Description

Articles 6(5) and 19(5) of the OJK regulation introduce a requirement for all Boards of Directors and Boards of Commissioners of Indonesian insurance companies (i.e. the majority of shares belonging t...

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Intervention Details

Intervention Type

Post-migration treatment

MAST Chapter

Migration measures

Implementation date

28 Dec 2016

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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