Global Trade Alert
Global Trade Alert

Indonesia: Restrictive measures imposed on the information technology-based co-financing services sector

Announcement

04 Jul 2022

In July 2022, the Financial Service Authority of Indonesia (OJK) reduced the maximum foreign ownership and imposed restrictive measures on hiring foreign workers in the information technology-based co-financing services sector.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Jul 2022

Revocation date:

No revocation date

Updated: 04 Jul 2022
Local labour requirement In force
<p>On 24 July 2022, the Financial Service Authority of Indonesia (OJK) issued Regulation No.10 /POJK.05/2022, requiring that&nbsp;a minimum of 50% of the commissioner in the&nbsp;informa...
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Updated: 04 Jul 2022
Labour market access In force
<p>On 24 July 2022, the Financial Service Authority of Indonesia (OJK) issued Regulation No.10 /POJK.05/2022,&nbsp;imposing new restrictive measures on hiring foreign workers in&nbsp;the...
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Updated: 04 Jul 2022
FDI: Entry and ownership rule In force
<p>On 24 July 2022, the Financial Service Authority of Indonesia (OJK) issued Regulation No.10 /POJK.05/2022, reducing foreign ownership on the information technology-based co-financing services...
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