BANK INDONESIA ("BI")

Members of the BI Board of Governors Regulation No. 22/33/PADG/2020 dated December 1, 2020, regarding the Third Amendment of Members of the BI Board of Governors Regulation No. 20/15/PADG/2018 regarding the Organization of Immediate Fund Settlement Through BI's System – Real Time Gross Settlement ("RTGS"). This Regulation amends policies on fee determination and the evaluation of the arrangement of priority numbers for the settlement of automatic funds through BI-RTGS. It came into effect on the date of its enactment.

COMMUNICATION AND INFORMATICS

Minister of Communication and Informatics Regulation No. 5 of 2020 dated November 24, 2020, regarding Organization of Private Electronic Systems. This was issued as an implementing regulation for several articles in Government Regulation No. 71 of 2019 regarding Organization of Systems and Electronic Transactions. It is meant to simplify provisions as previously stipulated in Minister of Communication and Informatics Regulation No. 19 of 2014 regarding Handling Negative Internet Websites and Minister of Communication and Informatics Regulation No. 36 of 2014 regarding Guidelines for the Registration of Electronic Systems. The main thrust of this Regulation is the stipulation of the obligation for organizers of private electronic systems to register their services. It also requires private electronic system organizers to moderate electronic documents and information on their systems. This Regulation came into force on the date of its promulgation.

ENERGY AND MINERAL RESOURCES

Minister of Energy and Mineral Resources Regulation No. 17 of 2020 dated November 23, 2020, regarding the Third Amendment of Minister of Energy and Mineral Resources Regulation No. 25 of 2018 regarding Mineral and Coal Mining. This Regulation amends several articles including those on the due date for the sale of processed mineral/coal, bauxite, etc. This Regulation came into force on the date of its promulgation.

ENVIRONMENT AND FORESTRY

Minister of Environment and Forestry Regulation No. P.22/MENLHK/SETJEN/KUM.1/10/ dated November 3, 2020, regarding Amendment of Minister of Environment and Forestry Regulation No. P.4/MENLHK/SETJEN/ PHPL.3/1/2016 regarding Limitation of Business License for the Utilization of Timber Forest Products (Pembatasan Luasan Izin Usaha Pemanfaatan Hasil Hutan Kayu or "IUPHHK") in Natural Forests or IUPHHK for Industrial Plantation Forests in Production Forests. This Regulation stipulates that area limitations are waived for IUPHHK applications that were already in the minutes of meeting of technical proposal assessment process before the enactment of Minister of Environment and Forestry No. P.4/MENLHK/SETJEN/ PHPL.3/1/2016. This Regulation came into force on the date of its promulgation.

Minister of Environment and Forestry Regulation No. P.23/MENLHK/SETJEN/KUM.1/10/2020 dated November 3, 2020, regarding Environmental Laboratory. This Regulation acts as a guideline for improving the quality and accountability of testing conducted by environmental laboratories. It came into force on the date of its promulgation.

FINANCE

Minister of Finance ("MOF") Regulation No. 187/PMK.05/2020 dated November 26, 2020, regarding Guidelines for the Issuance of Government Bonds in the Framework of Handling the Impact of the Corona Virus Disease 2019 (COVID-19) Pandemic and National Economic Recovery in 2020, and the Utilization of Remaining Funds from the Issuance of Government Bonds in 2020 in the Framework of Financing the Further Implementation of Handling the Impact of the COVID-19 Pandemic and National Economic Recovery in 2021. The Regulation stipulates the basis for issuing government bonds by private placement or by auction for the purpose of financing non-public goods. It came into force on the date of its promulgation.

FINANCIAL SERVICES AUTHORITY ("OJK")

OJK Regulation No. 47/POJK.05/2020 dated November 26, 2020, regarding Business Licensing and Institutional Financing Companies and Shariah Financing Companies. This Regulation governs business licensing for institutional and shariah financing companies established in the form of a limited liability company. It governs, among other things, the direct/indirect maximum foreign ownership of 85% of a company's paid-up capital and the obligation for companies to conduct business activities after obtaining a business license from the OJK. This Regulation came into force on the date of its promulgation.

OJK Regulation No. 46/POJK.05/2020 dated November 10, 2020, regarding Infrastructure Funding Companies ("PPI"). This Regulation governs, among other things, (i) types of business activities in which PPI may engage, (ii) parties eligible to establish a PPI, (iii) minimum paid-up capital for the establishment of a PPI, (iii) organizational structure, (iv) branch office requirements, and (v) source of funds for a PPI. This Regulation came into force on the date of its promulgation.

INDONESIA STOCK EXCHANGE ("IDX")

Director of IDX Circular Letter No. SE-00009/BEI/12-2020 dated December 2, 2020, regarding Guidelines for the Implementation of Registration of Additional Shares through Pre-emptive Rights and Without Pre-emptive Rights. This Circular Letter provides that an application for the registration of additional shares through pre-emptive rights and without pre-emptive rights, as regulated under Director of IDX Circular Letter No. 00183/BEI/12- 2018, must be accompanied by a (i) schedule for the implementation of capital increase through pre-emptive rights and (ii) prospectus for a public offering to increase capital by providing pre-emptive rights. This Circular Letter came into force on the date of its issuance.

Director of IDX Letter of Decree No. Kep-00108/BEI/ 12-2020 dated December 7, 2020, regarding Amendment of Regulation No. II-A regarding Trade of Securities in the form of Equity. This Letter of Decree stipulates that parties conducting a sale and purchase of securities in the form of equity registered at the stock exchange must implement such transaction through the Jakarta Automated Trading System. It came into force on the date of its issuance.

INDONESIAN INVESTMENT COORDINATING BOARD ("BKPM")

BKPM Regulation No. 5 of 2020 dated November 10, 2020, regarding Guidelines for the Submission of Legal Entity Income Tax Facility Application for Investment in Certain Business Fields and/or Certain Regions Outside of the Network. This Regulation stipulates guidelines to apply for an income tax facility in the event such application is not available in the Online Single Submission ("OSS") system. This Regulation came into force on the date of its promulgation.

BKPM Regulation No .6 of 2020 dated November 13, 2020, regarding Procedures and Guidelines for the Supervision of Investment. This Regulation amends the previous regime on investment as stipulated in BKPM Regulation No.7 of 2018. Most of the amendments relate to new procedures under the Online Single Submission ("OSS") system, as stipulated in BKPM Regulation No. 1 of 2020 regarding Guidelines for the Implementation of Electronic Business Licensing Services. This Regulation came into force on the date of its promulgation.

INDUSTRY

Minister of Industry ("MOI") Regulation No. 44 of 2020 dated November 3, 2020, regarding Implementation of the Indonesian National Qualifications Framework (Kerangka Kualifikasi Nasional Indonesia or "KKNI") in the Field of Salt Processing. This Regulation provides the KKNI, which is a framework for judging the competencies of workers, for the salt processing sector. This Regulation came into force on the date of its promulgation.

MOI Regulation No. 43 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Footwear Industry. This Regulation provides the KKNI for workers in the footwear industry. It came into force on the date of its promulgation.

MOI Regulation No. 42 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Field of Electronic Prototypes and Programming. This Regulation provides the KKNI for workers in the field of electronic prototypes and programming. It came into force on the date of its promulgation.

MOI Regulation No. 41 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Field of Fashion Technology and Fashion Design. This Regulation provides the KKNI for workers in the field of fashion technology and fashion design. It came into force on the date of its promulgation.

MOI Regulation No. 40 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Heavy Equipment Industry. This Regulation provides the KKNI for workers in the heavy equipment industry. It came into force on the date of its promulgation.

MOI Regulation No. 39 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Field of Carrosserie. This Regulation provides the KKNI for workers in the field of carrosserie. It came into force on the date of its promulgation.

MOI Regulation No. 37 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Automotive Component Sub-Sector. This Regulation provides the KKNI for workers in the automotive component sub-sector. It came into force on the date of its promulgation.

MOI Regulation No. 36 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Motorcycle Engineering Sector. This Regulation provides the KKNI for workers in the motorcycle engineering sector. It came into force on the date of its promulgation.

MOI Regulation No. 35 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Garment Industry. This Regulation provides KKNI for workers in the garment industry sector. It came into force on the date of its promulgation.

MOI Regulation No. 34 of 2020 dated November 3, 2020, regarding Implementation of KKNI in the Automotive Maintenance and Repair Sub-Sector. This Regulation provides the KKNI for workers in the automotive maintenance and repair sub-sector. It came into force on the date of its promulgation.

MOI Regulation No. 52 of 2020 dated November 10, 2020, regarding Green Industry Standards for Laminated Safety Glass Industry. This Regulation provides technical and management requirements for companies in the laminated safety glass industry to obtain green industry certification. It came into force on the date of its promulgation.

MOI Regulation No. 51 of 2020 dated November 10, 2020, regarding Green Industry Standards for the Organic Solvent-Based Paint Industry. This Regulation provides technical and management requirements for companies in the organic solvent-based paint industry to obtain green industry certification. It came into force on the date of its promulgation.

MOI Regulation No. 50 of 2020 dated November 10, 2020, regarding Green Industry Standards for Solid Nitrogen, Phosphorus and Potassium Fertilizer Industry. This Regulation provides the technical and management requirements for solid nitrogen, phosphorus and potassium fertilizer manufacturers to obtain green industry certification. It came into force on the date of its promulgation.

MOI Regulation No. 49 of 2020 dated November 10, 2020, regarding Green Industry Standards for Paper and Corrugated Paper Board Industry. This Regulation provides technical and management requirements for paper and corrugated paper board manufacturers to obtain green industry certification. It came into force on the date of its promulgation.

MOI Regulation No. 48 of 2020 dated November 10, 2020, regarding Green Industry Standards for Glass-made Packaging Industry. This Regulation provides technical and management requirements for glass-made packaging industry manufacturers to obtain green industry certification. It came into force on the date of its promulgation.

MOI Regulation No. 47 of 2020 dated November 10, 2020, regarding Green Industry Standards for Mineral Water Industry. This Regulation provides technical and management requirements for mineral water manufacturers to obtain green industry certification. It came into force on the date of its promulgation.

MOI Regulation No. 46 of 2020 dated November 10, 2020, regarding Green Industry Standards for Ceramic Household Appliances Industry. This Regulation provides technical and management requirements for ceramic household appliance manufacturers to obtain green industry certification. It came into force on the date of its promulgation.

MANPOWER

Minister of Manpower ("MOM") Decision No. 319 of 2020 dated October 26, 2020, regarding Stipulation of Indonesian National Work Competency Standards in the Mining and Excavation of Metal Ore in the Field of Mineral Processing and/or Refining. This Decision stipulates national work competency standards in mining and excavation specifically for metal ore. It came into force on the date of its enactment and is valid for five years.

MOM Decision No. 320 of 2020 dated October 26, 2020, regarding Stipulation of Indonesian National Work Competency Standards in the Mining and Excavation of Coal and Lignite for Coal Processing. This Decision stipulates the national work competency standards for coal and lignite mining and excavation. It came into force on the date of its enactment and is valid for five years.

MOM Decision No. 331 of 2020 dated November 16, 2020, regarding the Stipulation of Indonesian National Work Competency Standards in the Manufacturing of Motor Vehicles, Trailers and Semi-Trailers for Managers, Engineers and Maintainers of Industrial Transformation 4.0. This Decision stipulates the national work competency standards for the stipulated positions in the indicated manufacturing sector. It came into force on the date of its enactment and is valid for five years.

MOM Decision No. 332 of 2020 dated November 16, 2020, regarding Stipulation of Indonesian National Work Competency Standards in the Wholesale Trade Category and Retail, Repair and Maintenance of Automobiles and Motorcycles as Primary Classification of Wholesale Trade, Not Automobiles and Motorcycles in the Field of Exports of Cooperatives and Micro, Small and Medium Enterprises. This Decision stipulates national work competency standards in the automobile and motorcycle wholesale, retail, repair and maintenance industry, as well as the export to cooperatives and MSMEs. It came into force on the date of its enactment and is valid for five years.

MARITIME AFFAIRS AND FISHERIES

Minister of Maritime Affairs and Fisheries ("MOMAF") Regulation No. 59/PERMENKP/2020 dated November 30, 2020, regarding Fishing Routes and Fishing Equipment in the Fisheries Management Area of the Republic of Indonesia. This Regulation revokes MOMAF Regulation No.71/PERMEN-KP/2016 and regulates fishing routes, equipment that can be used to fish in Indonesian waters, and the supervision and evaluation of fishing routes and equipment. This Regulation came into force on the date of its promulgation.

MOMAF Regulation No.58/PERMEN-KP/2020 dated November 30, 2020, regarding Capture Fisheries. This Regulation amends the previous regime, mainly on licensing and the procedures to obtain a business licensing through the Online Single Submission ("OSS") system. It also regulates, among other matters, the procurement of ships and the registration of fishing vessels. This Regulation came into force on the date of its promulgation.

NATIONAL LAND AGENCY

Minister of Agrarian and Spatial Layout/National Land Agency Regulation No. 21 of 2020 dated November 23, 2020, regarding Handling and Settlement of Land Cases. This Regulation stipulates new provisions for the settlement of land cases, as previously regulated under Minister of Agrarian and Spatial Layout/Head of National Land Agency Regulation No. 11 of 2016 regarding the Settlement of Land Cases. This Regulation extends the scope of settlement to include, among other things, processing complaints, cancellation of legal products, mediation, distribution of teams to handle and settle cases, monitoring, evaluation and reporting, and sanctions for officials found to have mishandled cases. This Regulation came into force on the date of its promulgation.

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