Regulatory AlertsOJK Regulation No. 35 of 2025 Amending OJK Regulation No. 46 of 2024 on the Development and Strengthening of Financing Companies, Infrastructure Financing Companies, and Venture Capital Companies
The Financial Services Authority (OJK) issued Regulation No. 35 of 2025 to amend OJK Regulation No. 46 of 2024, aiming to enhance the competitiveness, efficiency, and flexibility of financing, infrastructure financing, and venture capital companies. The regulation introduces significant changes including a minimum core capital ratio of 50%, exemptions from collateral requirements for working capital facilities up to IDR 100 million, and the allowance of zero percent down payments for motor vehicle financing. It also establishes new risk mitigation measures, adjusts ownership change reporting requirements, and defines specific exclusions for investment financing to micro, small, and medium enterprises.
Financial Services Authority Regulation
Number 35 of 2025
Amendment to POJK 46 of 2024 on the Development and Strengthening of Financing Companies, Infrastructure Financing Companies, and Venture Capital Companies
Abstract: In order to support the government's strategic policies, improve business ease, and harmonize financial sector regulations that support the development of the people's economy, it is necessary to establish more effective, proportional, and adaptive regulations and supervision for the financing company, infrastructure financing company, and venture capital company industries. The amendments aim to enhance the role, performance, and competitiveness of financing companies, infrastructure financing companies, and venture capital companies to become more flexible, efficient, and competitive.
The legal basis for this Financial Services Authority Regulation (POJK) is: Law No. 21 of 2011 as amended by Law No. 4 of 2023; Law No. 4 of 2023; POJK No. 34/POJK.05/2015 as amended by POJK No. 46 of 2024; POJK No. 35/POJK.05/2018 as amended several times, lastly by POJK No. 46 of 2024; POJK No. 10/POJK.05/2019 as amended by POJK No. 46 of 2024; POJK No. 46/POJK.05/2020 as amended by POJK No. 46 of 2024; POJK No. 47/POJK.05/2020 as amended by POJK No. 46 of 2024; and POJK No. 46 of 2024.
This POJK regulates the scope: a. Business licensing for Financing Companies, Sharia Financing Companies, Infrastructure Financing Companies, Venture Capital Companies, and Sharia Venture Capital Companies; b. Business operations of Financing Companies and Sharia Financing Companies; c. Business operations of Infrastructure Financing Companies.
Notes: This POJK comes into force on the date of promulgation. This POJK was promulgated on December 22, 2025, and established on December 16, 2025.
Adjustments to regulations regarding ownership changes resulting in takeover of Sharia Financing Companies (PSP) must obtain approval from the Financial Services Authority.
Adjustments to reporting regulations for companies whose shares are traded on the stock exchange, involving reductions or additions to paid-up capital that do not result in changes to Sharia Financing Companies (PSP).
Adjustments to application documents for approval and implementation of ownership changes resulting in takeover.
Regulations regarding exemptions for investment financing that meet the following conditions: a. Granted to micro, small, and medium-scale debtors; b. The value of Investment Financing is at most IDR 10,000,000.00 (ten million rupiah); and c. The percentage of Investment Financing receivables without physical face-to-face interaction is at most 5% (five percent) of total financing receivables.
Changes to regulations regarding the Core Capital to Paid-up Capital ratio, becoming a minimum of 50%.
Changes to regulations regarding exemptions from collateral requirements for each debtor with Working Capital Financing activities via Business Capital Facilities and Fund Facilities, with an accumulated financing value of at most IDR 100,000,000.00 (one hundred million rupiah).
Regulations regarding the provision of down payments for motor vehicle financing to Debtors at 0% (zero percent) of the vehicle selling price.
Regulations regarding risk mitigation for prospective debtors to obtain financing disbursement.