Amendment to Financial Services Authority Regulation Number 39 of 2024 Concerning Pawnshops

Regulation of the Financial Services Authority Number 29 of 2025 concerning Amendment to Financial Services Authority Regulation Number 39 of 2024 concerning Pawnshops

Abstract:
The development of the national economic conditions, the transformation of government policies in promoting ease of doing business, and the dynamics of the financial services industry, including the pawnshop industry, need to be supported by regulations that are more adaptive, proportional, and responsive to the needs of business actors and the public.

In line with the increasing need for access to financing to reach communities that are not yet optimally served by financial institutions, as well as the importance of improving the efficiency and competitiveness of pawnshop businesses, it is necessary to adjust the provisions in Financial Services Authority Regulation Number 39 of 2024 concerning Pawnshops. The amendment to this Financial Services Authority Regulation aims to create more flexible operational space for business actors, simplify administrative regulations, and adjust supervision standards to align with the principles of proportionality and effective risk management.

The adjustment of this Financial Services Authority Regulation is part of the support for the government's strategic policies for strengthening the people's economy, accelerating financial inclusion, improving the ease of doing business index, and harmonization with national policy directions. This Financial Services Authority Regulation is expected to provide a proper legal basis for the regulation and supervision of pawnshop businesses, as well as encourage the growth of an industry that is integrated, sustainable, and inclusive.

The legal basis for this Financial Services Authority Regulation is: Law Number 21 of 2011 as amended by Law Number 4 of 2023; Law Number 4 of 2023; and POJK Number 39 of 2024.

Note:
This Financial Services Authority Regulation takes effect on the date of promulgation.
This Financial Services Authority Regulation was promulgated on November 26, 2025, and established on November 18, 2025.

Scope of changes:
a. simplification of licensing requirements for certain businesses for pawnshops that have operated but do not yet have an OJK license; b. addition of provisions for the opening of branch offices abroad;
c. adjustment of dual positions for appraisers;
d. simplification of the mechanism and documentation requirements for changes in ownership that do not change the controlling shareholder; e. expansion of cooperation schemes between conventional pawnshop companies and Sharia financial institutions in the form of joint financing; f. expansion of funding sources for Sharia pawnshop companies originating from parties that conduct conventional business activities; g. adjustment of reporting requirements and approval of documents for changes in ownership; h. ease of providing financing through the adjustment of non-material historical debtor data;
i. support for conventional pawnshop companies that separate their Sharia Business Units (UUS) regarding new Sharia pawnshop companies resulting from the separation of the UUS; and
j. adjustment of the transition period for meeting minimum equity and the equity ratio against paid-up capital.