With the aim to strengthen the organization of P2P Lending, the OJK is currently preparing a Draft Regulation that will simultaneously repeal and replace Regulation No. 10/2022, once enforced.
The Draft regulation encompasses a broader set of arrangements for P2P Lending, specifically addressing Financial soundness levels, Anti-fraud strategies, and Anti-money laundering (Tindak Pidana Pencucian Uang – "TPPU"), prevention of terrorism funding (Tindak Pidana Pendanaan Terorisme – "TPPT"), and prevention of funding the proliferation of weapons of mass destruction (Pendanaan Proliferasi Senjata Pemusnah Massal – "PPSPM") programs (collectively referred to as "Anti-TPPU and Prevention of TPPT and
PPSPM").
It is possible that changes may occur before the final regulation is issued and we will provide updates as soon as the OJK releases additional information regarding the regulation drafting process.