OJK Extends the Deadlines for Annual GMS and Report Submission by Publicly Traded Companies Amidst COVID-19 Outbreak

Following the decision of the Indonesian Government to extend the national emergency status on COVID-19 outbreak until 29 May 2020, [1] the Executive Head of the Capital Market Supervision at the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has recently issued Circular No. S-92/D.04/2020 on the Relaxation upon the Submission of Report and the Implementation of General Meeting of Shareholders Obligations (“ Circular 92/2020 ”) to anticipate the impacts of said extension towards the ability of capital market industry actors to take the following activities in timely manner: