Announcement
11 Jan 2017
On 11 January 2017, the Financial Services Authority published regulation 1/POJK.05/2017 on Business Licensing and Organizational Structures for insurance companies.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
11 Jan 2017
Revocation date:
No revocation date
Updated: 11 Jan 2017
FDI: Entry and ownership rule
In force
The regulation introduces an investment cap for foreign entities into insurance companies of 30% (art. 4(2) of the regulation). No such ceiling existed existed prior to the change.
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