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Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies
The Indonesia Financial Services Authority (OJK) issued Circular Letter No. 20/SEOJK.06/2023 to mandate the electronic submission of licensing, approval, and reporting requests for financing companies and Sharia financing companies. This regulation establishes the scope, procedures, and format requirements for e-licensing, while exempting companies from submitting physical documents by allowing scanned copies of originals. It also outlines contingency protocols for technical disruptions or force majeure events, including alternative email submission methods and the OJK's obligation to announce such incidents.
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Regulation / Regulation Search / Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies


Sector:
IKNB


Sub-Sector:
Financing Institutions; Other Regulations


Regulation Type:
OJK Circular Letter


Regulation Number:
20/SEOJK.06/2023


Effective Date:
11/23/2023


Appendix 1
SEOJK 20-SEOJK.06-2023 Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies.pdf
Abstract SEOJK 20-SEOJK.06-2023 Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies.pdf
FAQ SEOJK 20-SEOJK.06-2023 Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies.pdf


Page Content


Circular Letter of the Financial Services Authority of the Republic of Indonesia Number 20/SEOJK.06/2023 concerning Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies


ABSTRACT:
The Circular Letter of the Financial Services Authority concerning Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies is a mandate under Article 114 paragraph (5) of Financial Services Authority Regulation Number 47/POJK.05/2020 concerning Business Licensing and Institutional Organization of Financing Companies and Sharia Financing Companies, which regulates that further arrangements regarding electronic services (e-licensing) for licensing, approval, and reporting requests for financing companies and Sharia financing companies shall be included in a Circular Letter of the Financial Services Authority.


The Circular Letter of the Financial Services Authority concerning Electronic Licensing, Approval, and Reporting for Financing Companies and Sharia Financing Companies regulates the following matters:


    

  • the scope of electronic licensing, approval, and reporting requests;
    • 

  • the procedures and requirements for submitting electronic licensing, approval, and reporting requests;
    • 

  • the obligation to retain original documents for licensing, approval, or reporting documents that have been submitted through the Financial Services Authority's communication data network system or via electronic mail to the Financial Services Authority for as long as such licensing and approvals remain valid;
    • 

  • transitional provisions for licensing, approval, and reporting requests that have been submitted to the OJK in electronic document form via electronic mail before this Circular Letter takes effect and have not yet received licensing, approval, and/or reporting registration letters from the Financial Services Authority; and
    • 

  • formats for electronic licensing, approval, and reporting requests.
    • 



NOTES:
With the online submission of licensing, approval, and reporting requests to the Financial Services Authority, Companies are not required to submit printed documents.
Licensing, approval, and reporting request documents submitted online are color scans (scan) of the original documents.
In the event that the Financial Services Authority's communication data network system is unavailable, experiences technical disturbances, or in cases of force majeure, the submission of licensing, approval, and reporting requests shall be submitted online in the form of electronic documents via electronic mail designated by the Financial Services Authority.
In the event of technical disturbances or force majeure, the Financial Services Authority will announce this on the Financial Services Authority website or via electronic mail to the Companies.
Force majeure includes, among other things, fire, mass riots, war, armed conflict, sabotage, pandemic, cyber attacks, and/or natural disasters such as earthquakes or floods.
Companies must declare that the documents submitted online or via electronic mail are true and identical to the original documents.
The submission of licensing, approval, and reporting requests in the form of electronic documents via electronic mail as referred to in item 6 is submitted via the mailing room address wismul@ojk.go.id or other addresses designated by the Financial Services Authority and addressed to:
Executive Head of Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions
u.p. Director of Licensing for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions.
This Circular Letter of the Financial Services Authority takes effect on the date it is established.
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