Regulatory AlertsPreparation and Submission of Plans and Realization Reports on Financial Literacy and Financial Inclusion
The Financial Services Authority (OJK) issued Circular Letter No. 13/SEOJK.08/2024 to provide guidelines for Financial Service Business Actors on preparing and submitting financial literacy and inclusion reports. This regulation implements Article 13 paragraph (6) of POJK No. 22 of 2023 and establishes specific formats, submission procedures, and responsible parties for these reports. It simultaneously repeals three previous circular letters from 2014 and 2017 regarding financial literacy and inclusion activities.
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Sector: EPK
Sub-Sector: Other Regulations
Regulation Type: OJK Circular Letter
Regulation Number: 13/SEOJK.08/2024
Effective Date: 10/24/2024
Attachment 1 SEOJK 13-SEOJK.08-2024 Preparation and Submission of Plans and Realization Reports on Financial Literacy and Financial Inclusion.pdf Abstract SEOJK 13-SEOJK.08-2024 Preparation and Submission of Plans and Realization Reports on Financial Literacy and Financial Inclusion.pdf FAQ SEOJK 13-SEOJK.08-2024 Preparation and Submission of Plans and Realization Reports on Financial Literacy and Financial Inclusion.pdf
Page Content
OJK Circular Letter Number 13/SEOJK.08/2024 concerning the Preparation and Submission of Plans and Realization Reports on Financial Literacy and Financial Inclusion.
Abstract:
The OJK Circular Letter regarding the Preparation and Submission of Plans and Realization Reports on Financial Literacy and Financial Inclusion is drafted to implement the mandate of Article 13 paragraph (6) of POJK Number 22 Year 2023 concerning Consumer and Community Protection in the Financial Services Sector. This OJK Circular Letter provides guidelines for Financial Service Business Actors (PUJK) regarding the format and guidelines for preparing reports on plans and realization of activities to enhance financial literacy and financial inclusion.
The legal basis for this OJK Circular Letter is POJK Number 3 Year 2023 and POJK Number 22 Year 2023.
This OJK Circular Letter regulates the preparation and submission of plans and realization reports on financial literacy and financial inclusion, including: a. the form and preparation of financial literacy and financial inclusion reports; b. the submission of financial literacy and financial inclusion reports; c. the person responsible for the report; d. the procedure for submitting the report; and e. the submission of requests for exemption from implementing activities aimed at enhancing financial literacy and financial inclusion.
Note: This OJK Circular Letter takes effect on the date of establishment, namely October 24, 2024. Upon the effectiveness of this OJK Circular Letter: a. OJK Circular Letter Number 1/SEOJK.07/2014 concerning the Implementation of Education to Enhance Financial Literacy for Consumers and/or the Community; b. OJK Circular Letter Number 30/SEOJK.07/2017 concerning the Implementation of Activities to Enhance Financial Literacy in the Financial Services Sector; and c. OJK Circular Letter Number 31/SEOJK.07/2017 concerning the Implementation of Activities to Enhance Financial Inclusion in the Financial Services Sector are repealed and declared invalid.
Furthermore, Financial Service Business Actors (PUJK) submit plans and realization reports on financial literacy and financial inclusion in accordance with the format and guidelines in the attachment, which forms an integral part of this OJK Circular Letter.
Attachment: 93 pages.