RPOJK on General Meeting of Securities Holders: A Solution or Potential Overlap?

To further enhance the efficiency and the effectivity to the implementation of general meetings of shareholders (Rapat Umum Pemegang Saham– “ RUPS ”) of publicly-traded companies, [1] general meetings of bond holders (Rapat Umum Pemegang Obligasi– “ RUPO ”) [2] and general meetings of sukuk holders (Rapat Umum Pemegang Sukuk– “ RUPSu ”), [3] the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is currently preparing a Draft Regulation (“ Draft Regulation ”) for the implementation of RUPS, RUPO and RUPSu through electronic means (collectively referred to as “ Electronic General Meetings ”). [4]