Global Trade Alert
Global Trade Alert

Indonesia: Restricted hiring of foreigners in insurance companies

Announcement

28 Dec 2016

On 28 December 2016, the Indonesian Financial Services Authority (OJK) issued regulation 67/POJK.05/2016 on business licenses and the organizational structure of insurance companies.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Dec 2016

Revocation date:

No revocation date

Updated: 28 Dec 2016
Labour market access In force

The OJK regulation does introduce new limitations as to the type of work that foreigners can perform in financial institutions. Previous regulation 28/POJK.05/2014 (cf. Related state acts) already ...

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