The Financial Services Authority (OJK) issued Regulation No. 15 of 2025 to establish the legal framework for mutual fund and investment manager assessments, aiming to enhance investor literacy and transparency amidst digital marketing growth. The regulation mandates the use of licensed assessment agencies to evaluate fund quality and liquidity, requiring investment managers to disclose these ratings to help investors make informed decisions based on risk rather than just expected returns. It details the operational mechanisms, behavioral guidelines, reporting obligations, and contractual requirements for both the assessment organizers and the investment managers involved in the evaluation process.