PVML to Be Required to Allocate 2.5% of Manpower Funding to Development of Human Resources

The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is currently preparing a (“ Draft Regulation ”) that will ultimately address and integrate frameworks that specifically relate to the development of the human resources of financing companies, venture-capital companies (Perusahaan Modal Ventura– “ PMV ”), micro-financing institutions and other types of financial services institutions (collectively referred to as “ PVML ”). [1]