OJK Further Regulates Minimum Capital Adequacy Requirements for LPEI

The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) recently issued Circular No. 5/SEOJK.05/2023 on the Minimum Capital Adequacy Requirement (Kewajiban Penyediaan Modal Minimum– “ KPMM ”) for Indonesian Export Financing Institutions (Lembaga Pembiayaan Ekspor Indonesia– “ LPEI ”) (“ Circular 5/2023 ”) in line with the mandate originally set under Regulation of the OJK No. 9/POJK.05/2022 on the Supervision of LPEI (“ Regulation 9/2022 ”) [1] .