ANNOUNCEMENT 29 Jul 2016In July 2016, the government of Indonesia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
OJK regulation 31/2016 (in Bahasa Indonesia)
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.