The Financial Services Authority (OJK) has issued Regulation No. 12/POJK.05/2014 on Business Licensing and Organizational Structure of Microfinance Institutions (“Regulation”) to implement Article 7 (2), Article 10, Article 22 (2), Article 23 (3), Article 27, and Article 33 (3) of Law No. 1 of 2013 on Microfinance Institutions. [1]
OJK Regulates Microfinance Institutions in Detail
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