TL;DR
Indonesia's Financial Services Authority (OJK) has issued new regulatory rules governing representative offices of foreign financial institutions (FIs
The Facts
Indonesia's Financial Services Authority (OJK) has issued new regulatory rules governing representative offices of foreign financial institutions (FIs) operating in Indonesia. This regulation establishes the framework for how foreign banks, insurance companies, and other financial entities can maintain a presence in Indonesia without directly engaging in full commercial banking or financial services activities. Representative offices serve as liaison and information-gathering entities, and the n
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