indonesia foreign invesment

Financial Services Authority or commonly abbreviated as OJK, is an independent institution and free from the intervention of other party, which has the functions, duties, and authority to regulate, supervise, examine, and investigate against the activities in the financial services sector, which are the activities in banking, capital markets, insurance, pension funds, funding institutions and other financial service institutions. In performing its duties, OJK can coordinate with related financial service institutions and OJK is authorized to make regulations in the field of related financial services, for example OJK can coordinate with Bank of Indonesia to make regulation of supervision of banking. OJK is domiciled in the capital city of the State, but OJK may also have office inside and outside the territory of the Republic of Indonesia which was made according to its needs. - See more at: http://www.indonesiaforeigninvestmentlaw.com/#sthash.pF3dASzP.dpuf