Regulatory AlertsFinancial Services Authority Regulation Number 7 of 2025 on Custodian Bank Reporting
The Financial Services Authority (OJK) issued Regulation Number 7 of 2025 to integrate and standardize reporting obligations for custodian banks across the banking, capital market, and insurance sectors. This regulation defines the types of periodic and incidental reports required, establishes the procedures for submission and corrections, and outlines OJK's oversight mechanisms. It simultaneously repeals several previous regulations, including POJK No. 24/2017 and specific articles from POJK No. 63/2020, 71/2016, 72/2016, and 1/2018, to eliminate regulatory overlaps.
Share