Draft of Government Regulation on the Foreign Ownership of Insurance Companies – An Overview

In August 2017, the regulatory harmonization team which consists of Ministry of Justice and Human Rights, Ministry of Finance, State Secretariat, Coordinating Ministry for Economic Affairs, Capital Investment Coordinating Board (BKPM) and the Financial Services Authority (OJK) has finalized the Draft of Government Regulation on the Foreign Ownership of Insurance Companies (Draft GR). The Draft [...]