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On 4 July 2022, the Monetary Companies Authority (Otoritas Jasa Keuangan “OJK”) issued OJK Regulation No. 10/POJK.05/2022 on Info Expertise-Based mostly Collective Funding Companies (“POJK 10/2022”) as a response to the rising monetary know-how enterprise in Indonesia, particularly Peer-to-Peer Lending (“P2P Lending”). This newly issued POJK 10/2022 revoked OJK Regulation No. 77/POJK.01/2016 on Expertise-Based mostly Fund-Lending Companies (“POJK 77/2016”) because the earlier regulation on P2P Lending and encompasses some main regulatory changes.
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