Financial Services Authority repeal the suspension of business activities of the financing company PT PANN Maritime Financing through letter number S-723/NB. 2/2018 dated 28 November 2018.
Sanction of sanctions is given because PT PANN maritime financing has delivered a fulfilment plan approved by OJK, as per the provisions of Article 62 paragraph (10) of POJK No. 29/POJK. 05/2014 On the maintenance of financing company.
With the revoke of sanctions, PT PANN maritime financing can conduct business financing activities by staying in reference to the provisions in the prevailing laws and regulations.
For more information, please download the attached PDF.