Regulatory AlertsImplementation of Corporate Governance and Risk Management for Financial Sector Technology Innovation Providers
The Financial Services Authority (OJK) issued Regulation No. 30 of 2025 to mandate the implementation of corporate governance and risk management frameworks for Financial Sector Technology Innovation (ITSK) providers. This regulation aims to build trust and competitiveness within the ITSK ecosystem by ensuring adequate, effective, and measurable risk management practices. It officially takes effect on July 1, 2026, and simultaneously repeals specific governance and risk provisions from previous regulations regarding alternative credit rating agencies and financial service aggregators.
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