This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

​OJK to tighten rules for executives of non-bank financial firms

( May 31, 2016, 03:10 GMT | Insight) -- Indonesia’s Financial Services Authority is set to tighten regulations covering owners, managers, supervisors and stakeholders of non-banking financial institutions, the Jakarta Globe reports. Indonesia’s Financial Services Authority, or OJK, is set to tighten regulations covering owners, managers, supervisors and stakeholders of non-banking financial institutions, the Jakarta Globe reports. The regulator wants both local and foreign executives of venture capital funds and pawn shops to undergo "fit-and-proper" tests, a requirement previously applied only to executives of insurance companies, pension funds, financing companies and escrow companies. The new requirement follows the issuance of a draft circular outlining how executives of such institutions should be selected, including having clean credit records and applicants writing an essay about their vision and plans. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections