OJK’s New Requirements for Doing Business with Affiliated Parties
On 1 July 2020, through Rule No. 42 /POJK.04/2020 (“New Rule”), the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued new provisions governing affiliated party and conflict of interest transactions. The New Rule sets for public companies and most of its provisions will come into force on 21 October 2020 replacing Bapepam-LK Rule…
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