Regulatory AlertsManagement of Actor Track Record Information Through the Actor Information System
The Financial Services Authority (OJK) issued Regulation No. 28 of 2024 to establish a centralized system for managing track record data of financial sector actors. This regulation defines the scope of actors and users, access requirements, data criteria, and obligations regarding the use of the Actor Information System (SIPELAKU). It also outlines administrative sanctions for violations to strengthen supervision, law enforcement, and integrity within Indonesia's financial services sector.
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Sector: Banking
Sub-Sector: Commercial Banks
Type of Regulation: OJK Regulation
Regulation Number: 28 of 2024
Effective Date: 12/17/2024
Appendix 1
POJK 28 of 2024 Management of Actor Track Record Information Through the Actor Information System.pdf Abstract POJK 28 of 2024 Management of Actor Track Record Information Through the Actor Information System.pdf FAQ POJK 28 of 2024 Management of Actor Track Record Information Through the Actor Information System.pdf
Page Content
Financial Services Authority of the Republic of Indonesia Regulation Number 28 of 2024 concerning the Management of Actor Track Record Information Through the Actor Information System.
Abstract: In order to strengthen supervision and law enforcement as well as improve the integrity of the financial services sector, it is necessary to provide data and information on the track records of actors in the financial services sector. To support the provision of data and information on the track records of actors in the aforementioned financial services sector, an actor information system in the financial services sector is required. The Financial Services Authority has the authority to regulate, develop, and manage data and information on the track records of actors through the actor information system in the financial services sector. Therefore, provisions regarding the management of data and information on the track records of actors in the financial services sector need to be regulated in a Financial Services Authority Regulation concerning the management of actor track record information through the actor information system in the financial services sector so that it can apply to the entire financial services sector in Indonesia.
The legal basis for this Financial Services Authority Regulation (POJK) is Law No. 21 of 2011 as amended by Law No. 4 of 2023.
This Financial Services Authority Regulation regulates among other things: a. The scope of parties classified as Actors, namely individuals, corporations, business entities whether in the form of legal entities or non-legal entities, or other bodies. b. The scope of parties classified as Users, namely Financial Service Institutions (LJK) and parties carrying out activities in the financial services sector. c. Requirements for Users to obtain Access Rights to SIPELAKU (Actor Information System). d. Consideration criteria for Users in accessing and using Track Records in SIPELAKU. e. Scope and sources of data and/or information contained in Track Records in SIPELAKU. f. Obligations and prohibitions for Users in the use and management of SIPELAKU Track Records. g. Administrative sanctions for violations of obligations and prohibitions regulated in this Financial Services Authority Regulation.
Notes: This Financial Services Authority Regulation takes effect on the date of promulgation. This Financial Services Authority Regulation was promulgated on December 17, 2024, and established on December 12, 2024. This Financial Services Authority Regulation applies to all Financial Service Institutions (LJK) and parties carrying out activities in the financial services sector. Explanation: 7 pages.