Since it was first regulated in 2016, the development of Peer-to-Peer Lending (P2P Lending) has recorded a high growth rate in Indonesia. With the number of users continuing to increase, the business models and cooperations with other parties have also developed, the demand for a progressive regulatory framework exists as a response to this rapid buildup.

Recently, the Financial Services Authority issued a new regulation on Information Technology Based Collective Funding Services (“POJK 10/2022”) as a response to the emerging financial technology business in Indonesia, especially P2P Lending.

What is in the new regulation POJK 10/2022?

Dentons HPRP’s lawyers, Mika Isac Kriyasa (Partner), Rio Pasaribu (Senior Associate), Akbar Bayu (Senior Associate), Athina Nelwan (Associate), Raisha Diamar (Associate) and Kevin Silitonga (Associate), note the key points of the new regulation.

The full article can be downloaded here.

Dentons HPRP has wide experience in providing legal advice for financial technology business in Indonesia, including P2P Lending.

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