The Financial Services Authority (Otoritas Jasa Keuangan- “OJK”) has issued Regulation No. 16/POJK.04/2015 (“2015 Regulation”) on Capital-Market Sharia Experts. The 2015 Regulation is intended to regulate and provide a legal basis for sharia experts for the capital market (Ahli Syariah Pasar Modal–“ASPM”). [1] The 2015 Regulation is of relevance to sharia experts, both individuals and the management of business entities, which are currently or whichare intending to become involved in capital-market activities.Due to the wide scope of the 2015 Regulation, this edition of Indonesian Legal Brief will limit its discussions to the following issues:

Capital-Market Sharia Experts
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