Regulatory AlertsMinimum Capital Provision Requirements for Export Financing Institutions
The Financial Services Authority (OJK) of Indonesia issued Circular Letter No. 5/SEOJK.05/2023 to establish minimum capital provision requirements for Export Financing Institutions. This regulation applies to the Non-Bank Financial Institutions sector, specifically within the Financing Institutions sub-sector, and became effective on February 21, 2023. The directive mandates compliance with specific capital adequacy standards to ensure the financial stability and operational viability of these specialized financing entities.
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