The Financial Services Authority (“OJK”) has issued Regulation No. 34/POJK.05/2015 on Licensing Procedures and Institutional Composition for Venture-Capital Companies (“2015 Regulation”), with the ultimate aim in mind of improving national economic growth, as well as accelerating the development of micro-to-medium scale businesses across the country. [1] In brief, the 2015 Regulation stipulates provisions for establishing venture-capital companies, and covers:
OJK Regulates Establishment of Venture-Capital Companies
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