Regulatory AlertsOJK Regulation No. 49 of 2024 on Supervision, Supervision Status Determination, and Follow-up for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions
The Financial Services Authority (OJK) issued Regulation No. 49 of 2024 to establish a unified framework for the supervision, status determination, and follow-up actions regarding Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions. This regulation mandates direct and indirect supervision methods, defines specific supervision statuses including normal, intensive, and special, and requires entities with intensive or special status to submit action plans to the OJK. It simultaneously repeals or amends several previous regulations to ensure consistency and legal certainty in the oversight of these financial sectors.
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