Reporting via OJK Reporting System and Financial Condition Transparency for Sharia Economic People's Banks

Financial Services Authority Circular Letter
Republic of Indonesia Number 17/SEOJK.03/2024 concerning Reporting via the OJK Reporting System and Financial Condition Transparency for Sharia Economic People's Banks

Abstract:
As a follow-up to the issuance of POJK Number 23 of 2024 concerning Reporting via the Otoritas Jasa Keuangan Reporting System and Financial Condition Transparency for Economic People's Banks and Sharia Economic People's Banks, it is necessary to refine the implementation regulations to align with existing legislation.

The legal basis for this Financial Services Authority Circular Letter (SEOJK) is: Law No. 21 of 2008 as amended several times, lastly by Law No. 4 of 2023; Law No. 21 of 2011 as amended by Law No. 4 of 2023; and POJK No. 23 of 2024.

This Financial Services Authority Circular Letter regulates further explanations, including among others, the list of periodic and incidental reports submitted via the Otoritas Jasa Keuangan Online Reporting Application (APOLO), the format and procedures for compiling and submitting reports, specifically Incidental Reports, Monthly Periodic Reports, Annual Reports, and Public Financial Publication Reports, the procedure for submitting reporting officers, requirements for supporting reporting equipment, and examples of reporting sanctions.

The list of periodic and incidental reports submitted via APOLO refers to Appendix I, which is an integral part of this Financial Services Authority Circular Letter.

The format and procedures for compiling monthly periodic reports refer to Appendix II, which is an integral part of this Financial Services Authority Circular Letter.

The format and procedures for compiling annual reports and public financial publication reports refer to Appendix III, which is an integral part of this Financial Services Authority Circular Letter.

The format and procedures for compiling incidental reports refer to Appendix IV, which is an integral part of this Financial Services Authority Circular Letter.

The format for letters of appointment or change of reporting officers refers to Appendix V, which is an integral part of this Financial Services Authority Circular Letter.

Note:
This Financial Services Authority Circular Letter was established on November 29, 2024.
This Financial Services Authority Circular Letter takes effect on December 1, 2024.

Upon the effective date of this Financial Services Authority Circular Letter:
a. Financial Services Authority Circular Letter Number 6/SEOJK.03/2015 concerning Officeless Financial Services in the Context of Inclusive Finance by Banks; b. Financial Services Authority Circular Letter Number 15/SEOJK.03/2017 concerning Standards for the Implementation of People's Credit Banks and Sharia People's Financing Banks;
c. Financial Services Authority Circular Letter Number 32/SEOJK.03/2017 concerning the Implementation of Anti-Money Laundering and Counter-Terrorism Financing Programs in the Banking Sector;
d. Financial Services Authority Circular Letter Number 10/SEOJK.03/2019 concerning Risk Management Implementation for Sharia People's Financing Banks; e. Financial Services Authority Circular Letter Number 11/SEOJK.03/2019 concerning Compliance Function Implementation for Sharia People's Financing Banks; f. Financial Services Authority Circular Letter Number 12/SEOJK.03/2019 concerning Internal Audit Function Implementation for Sharia People's Financing Banks; g. Financial Services Authority Circular Letter Number 30/SEOJK.03/2021 concerning Business Plans for Sharia People's Financing Banks; h. Financial Services Authority Circular Letter Number 32/SEOJK.03/2021 concerning Amendments to Financial Services Authority Circular Letter Number 9/SEOJK.03/2019 concerning Re-evaluation of Principal Parties of Banks;
i. Financial Services Authority Circular Letter Number 9/SEOJK.03/2022 concerning Amendments to Financial Services Authority Circular Letter Number 13/SEOJK.03/2019 concerning Governance Implementation for Sharia People's Financing Banks;
j. Financial Services Authority Circular Letter Number 11/SEOJK.03/2022 concerning Health Level Assessment of People's Credit Banks and Sharia People's Financing Banks; k. Financial Services Authority Circular Letter Number 10/SEOJK.03/2023 concerning the Implementation of Sharia BPR Products;
l. Financial Services Authority Circular Letter Number 11/SEOJK.03/2023 concerning Maximum Credit Limits for People's Economic Banks and Maximum Fund Disbursement Limits for Sharia BPRs; and
m. Financial Services Authority Circular Letter Number 18/SEOJK.03/2023 concerning Procedures for the Use of Public Accountant Services and Public Accountant Offices in Financial Service Activities, are declared to remain in force insofar as they do not conflict with this Financial Services Authority Circular Letter.

Upon the effective date of this Financial Services Authority Circular Letter:
a. Financial Services Authority Circular Letter Number 30/SEOJK.03/2019 concerning Annual Reports and Public Financial Publication Reports of Sharia People's Financing Banks; and b. Financial Services Authority Circular Letter Number 3/SEOJK.03/2023 concerning Monthly Reports of Sharia People's Credit Banks, are revoked and declared invalid.