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Indah Respati

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On 14 March 2017, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or OJK) issued new rules for public companies. Below are highlights of what the new rules say: Reporting of Share Ownership in Public Companies (OJK Rule No.11/POJK.04/2017) There are three significant changes introduced by the new rule: The new rule now officially recognizes the “indirect” share ownership concept. This is different with the previous rule, which, on the face of it, may be interpreted…