The Financial Services Authority (“OJK”) has issued Regulation No. 35/POJK.05/2015 on the Organization of Venture-Capital Businesses (“2015 Regulation”) in a bid to improve national economic growth by optimizing the role of venture-capital companies in accelerating the development of micro- to medium-scale businesses across the country. [1] In essence, the 2015 Regulation outlines a number of provisions which relate to the organization of business activities undertaken by venture-capital companies, and covers:
OJK Redefines Venture-Capital Industry
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