The Financial Service Authority (OJK) has issued Regulation No. 20/POJK.04/2015 on the Issuance of and Requirements for Asset-Backed Sharia Securities (“2015 Regulation”) in a bid to boost the sharia capital-market sector in Indonesia. [1] The 2015 Regulation sets out updated requirements relating to the issuance and management of asset-backed securities [2] which adhere to sharia principles. To this end, the 2015 Regulation sets out provisions which relate to the following:
New Provisions on Asset-Backed Sharia Securities
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