The Indonesian Financial Services Authority (OJK) issued Regulation No. 12 of 2025 to mandate the implementation of risk management and health level assessments for investment managers, aligning with Risk-Based Supervision principles. The regulation defines the scope of risk management, including board oversight, policy adequacy, risk identification processes, and internal control systems, while establishing mechanisms for health assessments and reporting. Compliance with these risk management obligations becomes mandatory two years after the regulation's enactment, with sanctions for violations enforced three years post-enactment.