OJK Circular No. 8/SEOJK.07/2024 on Associations of Financial Sector Technology Innovation Providers

The Financial Services Authority (OJK) issued Circular No. 8/SEOJK.07/2024 to implement POJK No. 3 of 2024 and fulfill mandates under Law No. 4 of 2023 regarding Financial Sector Technology Innovation Providers (ITSK). The regulation establishes the legal framework for ITSK associations, detailing requirements for membership, organizational duties, funding sources, and supervisory monitoring. It further outlines the procedures for applying for association status and the grounds for revoking the designation of an appointed association.

Indonesia

Otoritas Jasa Keuangan (Financial Services Authority)