Indonesian Legal Brief

Technical Provisions for the Reporting and Requesting of Debtor Information through the Financial Information Services System
The Financial Services Authority has issued Circular No. 50/SEOJK.03/2017 on Reporting and Requests for Debtor Information through the Financial Information Services System, which will serve as an implementation of OJK Regulation No. 18/POJK.03/2017.
Mandatory Organization of Long-Distance Ferry Services
The Ministry of Transportation has issued Regulation No. PM 107 of 2017 on Mandatory Organization of Long-Distance Ferry Services, which serve as a set of guidelines for companies which are involved in the organization such services.
Good Corporate Governance for Securities Companies Acting as Securities Underwriters and Securities Brokers
The Financial Services Authority has issued Regulation No. 57/POJK.04/2017 on the Implementation of Good Corporate Governance by Securities Companies Acting as Securities Underwriters and Securities Brokers, with the overall objective of improving the quality of securities companies, as well as ensuring customer protection.
New Personal Information Provision for Pre-Paid SIM-Card Registration
The Ministry of Communication and Informatics has issued Regulation No. 21 of 2017, which makes a second amendment to Ministry Regulation No. 12 of 2016 on the Registration of Telecommunications Service Customers. Regulation 12/2016 has already been amended once previously through the issuance of Ministry Regulation No. 14 of 2017.
Government Affirms Supreme-Court Decision on Application-Based Transportation
STNK now may be issued either on behalf of companies or on behalf of the drivers themselves, in terms of the relevant administrative requirements that have to be met. However, the name of the relevant company concerned is currently required to be displayed in both the front and rear windows of any vehicles which are used
Procedures for the Registration of Land-Title Transfers for Tax-Amnesty Purposes
The Ministry of Agrarian Affairs and Spatial Planning/Head of the National Land Agency has issued Circular No. 9/SE/X/2017 on Guidelines for the Implementation of Ministry of Agrarian Affairs and Spatial Planning/Head of the National Land Agency Regulation No. 15 of 2017 on the Registration of Land-Title Transfers for Tax-Amnesty Purposes, which will serve as a set of guidelines for the registration of land-title transfers for tax-amnesty purposes.
Government Strengthens Provisions on Mandatory Information Documents for Cosmetic Products
In order to adjust to current developments within the cosmetics industry, the Head of the National Agency of Drug and Food Control has issued Regulation No. 14 of 2017 on Guidelines for Product Information Documents
The Organization of Conventional Pawnbrokers Business Activities
In order to set out further provisions on pawnbroker businesses, as already addressed under Financial Service Authority Regulation No. 31/POJK.05/2016 on Pawnbroker Businesses, the OJK recently issued Circular No. 52/SEOJK.05/2017 on the Organization of Conventional Pawnbroker Business Companies.
Govt. Reregulates PBB Payment Procedures for Oil-and-Gas and Geothermal Businesses
With the overall objective of improving payments of Land-and-Building Tax by oil-and-gas and geothermal businesses through the book-entry mechanism, the Ministry of Finance has issued Regulation No. 131/PMK.03/2017, which sets out a second amendment to Ministry Regulation No. 76/PMK.03/2013 on the Administration of Land-and-Building Tax within the Mining Sector for Oil, Gas and Geothermal Businesses. Prior to the issuance of the Second Amendment, Regulation 76/2013 was previously amended by Ministry Regulation No. 26/PMK.03/2015.
BI Regulates Supporting Institutions for Money-Market Transactions Involving Commercial Papers
The Board of Bank Indonesia Governors has issued Regulation No. 19/9/PADG/2017 on Money-Market Supporting Institutions Which Organize Activities Relating to Commercial Papers within the Money Market, which will serve as a set of guidelines for any supporting institutions engaging in money-market transactions involving commercial papers.
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