Regulatory AlertsImplementation of Information Technology-Based Crowdfunding Services
The Financial Services Authority (OJK) issued Circular Letter No. 19/SEOJK.06/2025 to regulate the implementation of information technology-based crowdfunding services, replacing the previous 2023 circular. The regulation establishes strict operational requirements for service providers, including mandatory risk disclosures, specific eligibility criteria for Indonesian lenders, and limitations on data access and economic benefits. It also defines credit scoring data sources, emergency contact usage protocols, and a six-month transition period for adjusting existing loan agreements to comply with new portfolio transfer mechanisms.
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