Data Protection in Indonesia’s Financial Services Sector Minister of Communication and Informatics Regulation No.20 of 2016 strengthens the obligations to protect the personal and financial data of consumers by providers of electronic systems. Data Protection Rules and Principles in Indonesia Several obligations must be fulfilled by electronic system providers in Indonesia under MOCI Regulation No. 20 of 2016 to ensure that personal data is processed properly. Expanded Coverage and New Feed-in Tariff for Indonesia’s Waste to Energy Projects The government recently issued Presidential Regulation No. 35 of 2018 on the acceleration of development of waste to energy projects. Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated. Franchise Agreements in Indonesia A franchise, under Indonesian regulations, is defined as a special right owned by an individual or a legal entity to a unique business system that has proven successful in selling goods and/or services, and can be used by another party based on a Franchise Agreement. IDX Issues New Listing Rule The Indonesia Stock Exchange has issued a new listing rule for shares and equity-type securities.
