New OJK Rule on Capital Market Investment Products in Support of the Tax Amnesty Law
To encourage investors to invest in Indonesian capital market investment products and to support the implementation of Law No. 11 of 2016 on Tax Amnesty (Tax Amnesty Law), the Indonesian Financial Services Authority (Otoritas Jasa Keuangan - OJK) recently issued OJK Rule No. 26/POJK.04/2016 on Capital Market Investment Products in Support of the Tax Amnesty Law (OJK Rule No. 26/2016). One of the primary intentions of the new rule is to reduce regulatory requirements for some capital market investment products so that Indonesian investors relying on the Tax Amnesty Law would consider investing their funds in those investment products.