ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
On 29 July 2016, the Indonesian Financial Services Authority OJK published regulation 31/POJK.05/2016 on pawnbroker businesses.
Inter alia, the regulation prohibits foreigners from owning such businesses in Indonesia, unless the direct ownership of the underlying company was acquired on the stock exchange.
The regulation came into force on the day of its announcement.
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