Venture Capital Regulatory Reform Incoming: Wider Business Opportunities, Narrower Compliance Margins

The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is currently preparing a Draft Regulation on the Amendment (“ Draft Amendment ”) to Regulation of the OJK No. 25 of 2023 (“ Regulation 25/2023 ”) on the Business Organization of Venture Capital Companies and Sharia Venture Capital Companies (collectively referred to as “ Companies ”).