JAKARTA – Financial Services Authority (OJK) has issued nine regulations aimed at strengthening the supervision of financial service sector institutions.

These regulations are expected to enhance the ability to identify, mitigate, and manage risks effectively.

M. Ismail Riyadi, Acting Head of OJK’s Department of Financial Literacy, Inclusion, and Communications, stated that the issuance of these nine regulations follows the mandate of Law No. 4/2023 on the Development and Strengthening of the Financial Sector (P2SK).

"To establish Venture Capital Companies, Microfinance Institutions, and other Financial Service Institutions (PVML)," he said on Friday (7/2).

The nine regulations issued are as follows:

  • POJK 39/2024 on Pawnshops
  • POJK 40/2024 on Information Technology-Based Peer-to-Peer Lending
  • POJK 41/2024 on Microfinance Institutions
  • POJK 42/2024 on Risk Management Implementation for PVML
  • POJK 43/2024 on Human Resource Development for PVML
  • POJK 46/2024 on the Development and Strengthening of Finance Companies, Infrastructure Finance Companies, and Venture Capital Companies
  • POJK 47/2024 on Cooperatives in the Financial Services Sector
  • POJK 48/2024 on Good Governance for PVML
  • POJK 49/2024 on Supervision, Determination of Supervision Status, and Follow-Up Supervision of PVML.

(LK/ZH)