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
Announced: 04 Jul 2022
Local labour requirement
In force
On 24 July 2022, the Financial Service Authority of Indonesia (OJK) issued Regulation No.10 /POJK.05/2022, requiring that a minimum of 50% of the commissioner in the information technology-based co-fi...
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Announced: 04 Jul 2022
Labour market access
In force
On 24 July 2022, the Financial Service Authority of Indonesia (OJK) issued Regulation No.10 /POJK.05/2022, imposing new restrictive measures on hiring foreign workers in the information technology-bas...
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Announced: 04 Jul 2022
FDI: Entry and ownership rule
In force
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 sector, ...
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