Global Trade Alert

On 31 October 2014, the Indonesian Financial Services Authority (OJK) announced regulation 20/POJK.03/2014 introducing new regulations on rural credit banks. With the new provisions, these institutions can only be held by Indonesian nationals, legal entities fully belonging to Indonesians or local governments (art. 4 of the regulation).
The regulation came into force on 1 January 2015.
The list of affected trading partners is based on the FDI flows worth over 10 million USD in Indonesia for 2013 in the sector "Financial Intermediation", as calculated by the Indonesian national bank.