Regulatory Alerts2023-03-24
Added · Updated
Amendment to OJK Circular No. 19/SEOJK.04/2018 on Investment Manager Governance Implementation Reports
The document amends OJK Circular No. 19/SEOJK.04/2018 to require Islamic Investment Managers and Investment Managers with Sharia investment units to include specific self-assessment factors for the Sharia Supervisory Board and Sharia investment unit operations in their governance reports. It updates transparency disclosure requirements to mandate reporting on the Sharia Supervisory Board's activities, remuneration, and compliance with Sharia principles. Additionally, it introduces a new scoring methodology for governance self-assessments using dichotomous and discrete question types, assigning specific weights to various governance factors to calculate composite scores.
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