Regulatory AlertsOJK Circular No. 7/SEOJK.07/2024 on Reporting by Registered Financial Technology Innovation Service Providers
The Financial Services Authority (OJK) issued Circular No. 7/SEOJK.07/2024 to implement the Financial Sector Development and Strengthening Act and POJK No. 3 of 2024 regarding Financial Technology Innovation. This regulation mandates registered Financial Technology Innovation Service Providers to submit periodic reports, incidental reports, and adhere to specific reporting mechanisms. The circular became effective on August 8, 2024, establishing the compliance framework for these entities.
Regulation /
Regulation Search / Reporting by Registered Financial Technology Innovation Service Providers of the Financial Services Authority
Sector: ITSK
Sub-Sector: Other Regulations
Type of Regulation: OJK Circular
Regulation Number: 7/SEOJK.07/2024
Effective Date: 8/8/2024
Appendix 1
SEOJK 7-SEOJK.07-2024 Reporting by Registered Financial Technology Innovation Service Providers of the Financial Services Authority.pdf
Abstract SEOJK 7-SEOJK.07-2024 Reporting by Registered Financial Technology Innovation Service Providers of the Financial Services Authority.pdf
FAQ SEOJK 7-SEOJK.07-2024 Reporting by Registered Financial Technology Innovation Service Providers of the Financial Services Authority.pdf
Page Content
OJK Circular Number 7/SEOJK.07/2024 concerning Reporting by Registered Financial Technology Innovation Service Providers of the Financial Services Authority
Abstract: The formulation of the OJK Circular concerning Reporting by Registered Financial Technology Innovation Service Providers of the Financial Services Authority is carried out to follow up on the mandate of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK) to issue further regulations related to Financial Sector Technology Innovation. This OJK Circular is an implementing regulation of Financial Services Authority Regulation Number 3 of 2024 concerning the Conduct of Financial Technology Innovation. The legal basis for this OJK Circular is POJK No. 3 of 2024. This OJK Circular regulates provisions regarding reports of registered ITSK providers, periodic reports, incidental reports, and reporting mechanisms. Note: This OJK Circular takes effect on the date of establishment, namely August 8, 2024. Appendix I: 16 pages. Appendix II: 2 pages. Appendix III: 9 pages. Appendix IV: 4 pages.