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Key Points on the Financial Sector Omnibus Law: General Overview
This Financial Sector Omnibus Law regulates a combination of multi-sectoral and/or multi-institution regulations such as the provision of the financial institutions (such as Bank Indonesia; Deposit Insurance Agency or Lembaga Penjamin Simpanan – "LPS"; Financial Services Authority or Otoritas Jasa Keuangan – "OJK"), banking law, capital markets law, insurance law, bullion business activities, cooperatives, Micro Small Medium Enterprises (MSME) financing provision, carbon exchange in capital market realm and others.
This ARMA Update discusses key points of this regulation in terms of overview points.
Shipping & Maritime Update: ESG Aspect on Indonesia’s Maritime Industry
This ARMA update will discuss Indonesia’s effort to adopt and implement the recent development of ESG policies, particularly in the Indonesian maritime industry.
ESG and Climate Change Update: Carbon Trading for the Power Plant Subsector
This ARMA Update will cover the crucial aspects stipulated in MEMR Reg 16/2022, including the determination of emission upper limits in the subsector and for business actors, carbon trading in the subsector which includes emission trading and GHG emission offsets, the planning and reporting obligations, as well as the MEMR’s web-based application, APPLE-Gatrik.
Granting of Second Home Visa and Stay Permit in Indonesia for Foreigners
This ARMA update will discuss the contents of the DGI CL 0820/2022, including the conditions and requirements to gain a second home visa and stay permit in Indonesia.
Agrarian Update: Guidelines on the Granting of Land Rights in Indonesia
The Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency (“Minister”) issued the Decree Number 1339/SK-HK.02/X/2022 regarding the Granting of Land Rights in General ("Decree 1339/2022") to implement the provisions of…
Governor of DKI Jakarta Regulation Regarding Green Buildings
Through this regulation, it is stipulated that in DKI Jakarta, technical aspects are to be observed in constructing a new building as well as managing a building that currently is being built or has been built and used…
BAPPEBTI Regulation No. 13 of 2022 as a Method to Further Mitigate Future Risk in Crypto Asset Trading in Indonesia
This ARMA update will discuss concerning the major changes and additions implemented BAPPEBTI Reg 13/2022 including the new requirements for physical traders of crypto assets.
ESG and Climate Change Update: Sustainable Investment Guideline
Inaportnet is intended for services requested from ships, except warships and state ships operated for non-commercial activities.
MoT Reg 28/2022: Obligations for Vessels in Indonesian Port
Every vessel sailing in Indonesian waters is obliged to obtain a Sailing Approval Letter which is issued by the harbourmaster as stipulated in Article 219 of Law No. 17 of 2008 on Shipping. This regulation delegates further provisions regarding the issuance procedure for the Sailing Approval Letter to the Ministry of Transportation ("MoT”)…