OJK Introduces Procedures for Exemptions to the Mandatory Implementation of Transparency Principles within the Stock-Market Sector

In order to manage any national financial problems that emerge as a result of the ongoing Corona Virus Disease 2019 (COVID-19) pandemic, the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is authorized to exempt certain parties from the mandatory implementation of transparency principles within the stock-market sector. [1] Said transparency principles were initially set out under Regulation of the Government in Lieu of Law No. 1 of 2020 on State Financial Policies and the Stability of the Financial System in Relation to the Handling of the Coronavirus 2019 (COVID-19) Pandemic and/or Threats That Are Potentially Harmful to the National Economy and/or Stability of the Financial System (“ Regulation 1/2020 ”). [2]