Announcement
09 Nov 2016
On 9 November 2016, the Indonesian central bank (Bank Indonesia) announced a new regulation on IT-based lending services. The underlying implementing regulation was issued by the Indonesian Financial Services Authority (OJK) on 29 December 2016.
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Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
18 Apr 2017
Revocation date:
No revocation date
Updated: 09 Nov 2016
Local operations requirement
In force
Circular Letter 18/SEOJK.2/2017, implementing regulation 77/2016 of the Indonesian Financial Services Authority (OJK), stipulates that all data and disaster recovery centres of IT-based lending ser...
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Implementation date
29 Dec 2016
Revocation date:
No revocation date
Updated: 09 Nov 2016
FDI: Entry and ownership rule
In force
According to regulation 77/2016 of the Indonesian Financial Services Authority (OJK), foreign investors may only possess up to 85% of an IT-based lending service. Previously, no FDI restrictio...
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Updated: 09 Nov 2016
Controls on commercial transactions and investment instruments
In force
Regulation 77/2016 of the Indonesian Financial Services Authority (OJK) introduces new financial restrictions on IT-based lending services. According to article 1 of the regulation, loans must...
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