Regulatory AlertsFinancial Services Authority Regulation No. 40 of 2024 on Information Technology-Based Collective Financing Services
The Indonesian Financial Services Authority (OJK) issued Regulation No. 40 of 2024 to implement the legal framework for Information Technology-Based Collective Financing Services (LPBBTI) under the Financial Sector Development and Strengthening Law. The regulation mandates a minimum equity of IDR 12.5 billion, restricts funding recipients to those domiciled in Indonesia, and imposes strict risk mitigation and operational requirements on service providers. It establishes a maximum funding limit of IDR 2 billion per recipient, with a conditional increase to IDR 5 billion for providers meeting specific credit quality standards, while repealing the previous 2022 regulation.
Share