Procedures and Mechanisms for Mandatory Reporting by P2P Lending Service Organizers Further Clarified: Submissions of Funding Transaction Data Reports and Monthly Reports to Be Fully Enforced by July 2024

In 2022, the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) introduced the framework of Regulation No. 10/POJK.05/2022 on Information Technology-Based Co-Funding Services (“ Regulation 10/2022 ”), which sets out the most recent regulatory framework to accommodate various developments regarding the organization of peer-to-peer lending services (“ P2P ”) within Indonesia. It should be noted that Hukumonline’s Legal Research and Analysis Team previously summarized the various P2P-related prerequisites that feature under Regulation 10/2022 in the following edition of Indonesian Legal Brief (“ ILB ”): “ OJK Updates Main Regulatory Framework for P2P Lending Services ”.