The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued Regulation No. 3/POJK.04/2018 (“ Amendment ”) on the Amendment to Regulation of the OJK No. 18/POJK.04/2015 on the Issuance of and Requirements for Sukuk (“ Regulation 18/2015 ”) in order to accommodate the implementation of gradual public offerings ofsukuk(sharia bonds)and deductions of sharia duty (zakat).The Amendment encompasses several new provisions which pertain to the following areas:
OJK Regulates Gradual Public Offerings of Sukuk and Deductions of Sharia Duty by Issuers
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