The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is currently completing work on Draft Regulation (“ Draft Regulation ”) on Integrated Minimum Capital Requirements for Financial Conglomerates Required to Establish a Financial Holding Company (Konglomerasi Keuangan yang Wajib Membentuk Perusahaan Induk Konglomerasi Keuangan– “ KK Wajib PIKK ”). If it is ultimately enforced, this Draft Regulation will replace the following frameworks: [1]
Draft Regulation on Financial Conglomerate Capital Requirements: Late Reporting Fines Rise to Rp200 Million for PIKK
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