Regulatory AlertsOJK Circular No. 6/SEOJK.03/2023 on the Conversion of Conventional Commercial Bank Business Activities to Sharia Commercial Bank
The Financial Services Authority (OJK) issued Circular No. 6/SEOJK.03/2023 to regulate the conversion of conventional commercial banks into Sharia commercial banks. This regulation establishes the specific business activity changes and procedural requirements necessary for such a transition. It serves as the primary legal framework governing the operational shift from conventional to Sharia banking principles in Indonesia.
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