Regulatory AlertsOJK Regulation No. 35 of 2024 on Licensing and Institutional Aspects of Pension Funds
The Financial Services Authority (OJK) issued Regulation No. 35 of 2024 to update the licensing and institutional framework for pension funds in Indonesia, aligning them with the Financial Sector Development and Strengthening Act No. 4 of 2023. This regulation consolidates and replaces seven previous OJK regulations to establish new requirements for pension fund formation, governance, Sharia compliance, and liquidation procedures. It introduces specific provisions regarding minimum pension fund documents, organizational structures, investment governance, and the abolition of conflicting prior rules effective three months after promulgation.
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