OJK Unveils New Rules to Boost Regional Bond and Sukuk Issuance
12/08/2024 10:10
The POJK Number 63/POJK.04/2017 on the Reporting and Announcement of Issuers of Regional Bonds and/or Sukuk.
Key updates in POJK 10/2024 include new requirements for obtaining bond ratings and adjustments to reporting obligations. While previously audited financial reports from local governments were required to be submitted to OJK.
“They now need only be available on the local government’s website,”
Additional adjustments involve requirements for local regulatory documents as part of the registration statement and the removal of previous requirements for additional documents from the Ministry of Home Affairs. (Uki Ruknuddin)
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