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YEARS

LIMITATION ON FRANCHISE OUTLETS OWNERSHIP

Further to the issuance of Regulation No. 53/M-DAG.PER/8/2012 on Organizing a Franchise Business, the Ministry of Trade issued Regulation No. 68/MM-DAG/PER/10/2012 on Retail Shop Business Franchises (“Regulation No. 68”)

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NEW BANK INDONESIA REGULATION ON FOREIGN EXCHANGE DERIVED FROM EXPORT TRANSACTIONS AND OFFSHORE LOAN

On 27 December 2012, Bank Indonesia issued Bank Indonesia Regulation No. 14/25/PBI/2012 regarding Foreign Exchange Derived from Export Transactions and Offshore Loan Drawdowns (“PBI 14/25”) which revokes a previous Bank Indonesia Regulation

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MINISTRY OF TRADE GRANTS EXTENSION OF TIME TO APPLY FOR NEW API

On 27 December 2012, the Minister of Trade (MOT) amended for a second time MOT Regulation No. 27/M-DAG/PER/5/2012 on the Provisions on Importer Identification Numbers (“Regulation 27”), previously amended by MOT Regulation No. 59/M-DAG/PER/9/2012)

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FOLLOWING BP MIGAS BEING DISBANDED, THE GOVERNMENT ESTABLISHES SKK MIGAS

On 13 November 2012, the Constitutional Court (Mahkamah On 13 November 2012, the Constitutional Court (Mahkamah Konstitusi or “MK”) dissolved BP Migas through Decision No. 26/PUU-X/2012 on the judicial review of the oil and Gas Law (Law No. 22 of 2001).

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BANK INDONESIA REGULATION ON FUND TRANSFERS

Following the issuance of Law No. 3 of 2011 regarding Fund Transfers, on 26 December 2012, Bank Indonesia issued Bank Indonesia Regulation No. 14/23/PBI/2012 on Fund Transfers (“PBI 14/23”) which revokes and replaces Bank Indonesia Regulation No. 8/28/PBI/2006 regarding Money Transfer Business Activities (“PBI 8/28”)

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