New Guidelines Issued for the Reassessment of the Primary Parties of Financial Service Institutions

In order to initiate a reassessment of the main parties of financial services institutions (Lembaga Jasa Keuangan– “ LJK ”), the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued the Regulation on the Reassessment of the Primary Parties of Financial Services Institutions (“ Regulation 34/2018 ”).Through the enactment of Regulation 34/2018, all provisions originally set out under the following regulations, with the exception of processes which are currently taking place, have now been revoked, specifically: [1]