OJK Implements New Regulation on Equity Crowdfunding

Before 2020 ends, Indonesia Financial Authority (“OJK”) issued an OJK Regulation Number 57/POJK.04/2020 on Securities Offering Through Technology-Based Equity Crowdfunding Services (“OJK Reg 57/2020”) which came into effect immediately upon its enactment on 11 December 2020. OJK Reg 57/2020 revokes OJK Regulation Number 37/POJK.04/2018 (“OJK Reg 37/2018”) which previously serves as the primary OJK regulation…