This publication highlights the issuance of OJK’s Circular Letter number
36/SEOJK.04/2016 (“Circular Letter”) which is expected to resolve the perceived differences that arise between the previous Circular Letter Number
27/SEOJK.04/2015, which had been effectively revoked by the recently issued Circular Letter, and the requirements under ISAK 31.
Listed telecommunication tower companies that are likely to be affected by this Circular Letter may need to carefully analyze the effective date of the Circular Letter, taking into consideration the effective date and specified transition provisions of ISAK 31.
They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.