Regulatory AlertsOJK Regulation No. 33 of 2025 on the Health Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds
The Financial Services Authority (OJK) issued Regulation No. 33 of 2025 to establish a new health assessment framework for insurance companies, guarantee institutions, and pension funds, replacing previous non-bank financial institution regulations. This regulation expands the scope to include guarantee institutions, introduces new risk categories and financial health ratios, and updates administrative sanctions to include health level downgrades. The regulation takes effect on January 1, 2026, with specific transitional provisions for existing guarantee institutions to comply with individual and consolidated assessment requirements within one to three years.
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