On 14 March 2017, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Rule No. 7/POJK.04/2017 on registration statement documents in public offerings of equity securities, debt securities or sukuk (“OJK Rule No.7”). OJK rule No.7 replaces Bapepam-LK Rule No. IX.C.1.
The key changes introduced by OJK Rule No.7, more fully summarised in this bulletin from our team in Jakarta and Singapore, include:
No preliminary listing agreement required for OJK submission
Simultaneous process for offering more than one type of securities, and
Simplified legal due diligence.