trending Market Intelligence /marketintelligence/en/news-insights/trending/wBlJeQSw0N9e7FNfpcY7Ww2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Indonesian regulator issues rules for crowdfunding

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Indonesian regulator issues rules for crowdfunding

Indonesia's Financial Services Authority has issued rules for fund gathering services to provide guidance for startups looking to gain access to financing, IDNFinancials reported Jan. 7.

Under the new rules, share issuers are encouraged to disclose information, establish credible organizers and a safe information technology system in fund gathering activities. Public share offerings should be conducted within 12 months and total funds should be capped at 10 billion rupiah.

Fund service providers must have a paid-in capital and their own capital of at least 2.5 billion rupiah each. Providers are barred from engaging as a securities underwriter, securities broker or investment manager.

As of Jan. 7, US$1 was equivalent to 14,081.00 Indonesian rupiah.