This ARMA Update discusses about GR 47/2024, enables bad debt write-offs for MSMEs

This ARMA update will discuss the new OJK regulation aims to enhance transparency in calculating the Basic Credit Interest Rate, creating a more informed and fair banking environment for consumers and financial institutions.

This ARMA Update will mainly discuss the additional regulatory provisions under OJK Reg 3/2024, along with the notable changes made from the previous regulation.

This ARMA Update will specifically focus on highlighting key points from OJK CL 1/2024 that P2P Lending operator should take note of in terms of its reporting obligation.

Key points from OJK CL 19.06/2023 that P2P Lending Operators, funding recipients and users in general should take note of.

In a significant regulatory development, the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) recently enacted an important regulation, addressing the separation and operation of Sharia unit within financial institutions, specifically within the banking sector.