Information Disclosure and Corporate Governance Obligations Relaxed for Small-Scale and Medium-Scale Publicly-Traded Companies

In an attempt to implement fairer standards, the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued Regulation No. 43/POJK/04/2020 of 2020 (“ Regulation 43/2020 ”) which has now relaxed the information disclosure and corporate governance obligations for various parties. Said parties are to be classified based on their most recent audited financial statements, as follows: [1]