Financial Services Authority Regulation Number 7 of 2025 on Custodian Bank Reporting

Abstract: In carrying out its supervisory duties and functions, the Financial Services Authority (OJK) regulates reporting obligations that must be submitted by the financial services industry to the OJK as one of the efforts to achieve the goal of realizing a financial services sector that is orderly, fair, transparent, and accountable, as well as realizing a financial system that grows sustainably and stably.

Along with the development and complexity of business in the financial services industry, there are institutional intersections and cross-sector business processes, such as the banking supervision sector intersecting with the capital market supervision sector and the insurance supervision sector. This has the potential to create overlapping regulatory provisions among the supervision sectors, including regulations regarding Custodian Bank reporting.

This Financial Services Authority Regulation (POJK) represents an integration of the regulations on the reporting obligations of Custodian Banks.

The legal basis for this Financial Services Authority Regulation (POJK) is:

• Law No. 8 of 1995 as amended by Law No. 4 of 2023; and
• Law No. 21 of 2011 as amended by Law No. 4 of 2023.

This Financial Services Authority Regulation (POJK) regulates, among other things: a. The obligation of Custodian Banks to submit periodic and/or incidental reports, as well as the types of periodic and/or incidental reports of Custodian Banks; b. The procedures for submitting periodic and/or incidental reports of Custodian Banks, including corrections to periodic and/or incidental reports of Custodian Banks; and c. Supervision over periodic and/or incidental reports of Custodian Banks.

Note: This Financial Services Authority Regulation (POJK) takes effect 9 (nine) months after this POJK is promulgated. This Financial Services Authority Regulation (POJK) was promulgated on March 27, 2025, and established on March 26, 2025.

Upon the effective date of this Financial Services Authority Regulation (POJK): a. Financial Services Authority Regulation Number 24/POJK.04/2017 concerning Custodian Bank Reporting; b. Article 5 paragraph (2) letter c regarding the group of information on products, activities, and activities related to custodian activity reports, Article 5 paragraph (3) regarding the position of data submission as a custodian, and Article 8 paragraph (1) regarding the date of submission of structured monthly reports for custodian activity reports in Financial Services Authority Regulation Number 63/POJK.03/2020 concerning Bank Reporting through the Financial Services Authority Reporting System; c. Article 39 letter d regarding the obligation of Custodian Banks to submit monthly reports on the administration of guarantee funds in Financial Services Authority Regulation Number 71/POJK.05/2016 concerning the Financial Health of Insurance Companies and Reinsurance Companies; d. Article 42 letter d regarding the obligation of Custodian Banks to submit monthly reports on the administration of guarantee funds in Financial Services Authority Regulation Number 72/POJK.05/2016 concerning the Financial Health of Insurance Companies and Reinsurance Companies with Sharia Principles; and e. Article 39 letter d regarding the obligation of Custodian Banks to submit monthly reports on the administration of guarantee funds in Financial Services Authority Regulation Number 1/POJK.05/2018 concerning the Financial Health for Insurance Companies in the Form of Joint Business Legal Entities,

are repealed and declared invalid.