Regulatory AlertsOJK Regulation No. 37 of 2025 on Determination of Supervisory Status and Follow-up for Insurance Companies, Guarantee Institutions, and Pension Funds
The Financial Services Authority (OJK) issued Regulation No. 37 of 2025 to establish a risk-based supervisory framework for insurance companies, guarantee institutions, and pension funds (PPDP) to ensure financial system stability. The regulation mandates the classification of PPDP entities into normal, intensive, or special supervisory statuses based on composite ratings, governance factors, and quantitative parameters, with specific validity periods and extension criteria. It also outlines conditions for exempting entities from intensive or special status during mergers, capital increases, or business license returns, while repealing conflicting provisions in the previous Regulation No. 9/POJK.05/2021.
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