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POJK No. 41 of 2025 on Representative Offices of Financing Institutions, Venture Capital Companies, and Other Financial Service Institutions Headquartered Abroad
The Financial Services Authority (OJK) issued POJK No. 41 of 2025 to establish a regulatory framework for representative offices of foreign-headquartered financing institutions, venture capital companies, and other financial service institutions in Indonesia. The regulation mandates that existing foreign entities operating in Indonesia must obtain OJK approval to open representative offices within six months of the regulation's effective date. It further defines the licensing procedures, permissible activities, leadership suitability assessments, and ongoing supervision and reporting obligations for these representative offices.
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Otoritas Jasa Keuangan (Financial Services Authority)
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Financial Services Authority Regulation
Number 41 of 2025 concerning Representative Offices of Financing Institutions, Venture Capital Companies, and Other Financial Service Institutions Headquartered Abroad


Abstract:
To achieve legal certainty, justice, and utility in the business activities of financial service institutions, and to respond to developments in cross-border economic and financial integration, regulations regarding the institutional structure and activities of representative offices in Indonesia for financing institutions, venture capital companies, and other financial service institutions headquartered abroad (PVL) are necessary. This aims to ensure the application of prudential principles and to open opportunities for legal and monitored cooperation and information transfer in accordance with national social and economic needs. Therefore, the Financial Services Authority (OJK) issues regulations regarding representative offices for PVL (KPPVL).


The legal basis for this Financial Services Authority Regulation is:
Law No. 21 of 2011 as amended by Law No. 4 of 2023; and Law No. 4 of 2023.


This Financial Services Authority Regulation governs licensing, activities, and supervision for KPPVL located in Indonesia. It also regulates the procedures and requirements for applications for the opening and closing of KPPVL, as well as rules regarding the assessment of competence and propriety for prospective leaders of KPPVL. Furthermore, it regulates the activities that KPPVL may conduct, including rules on supervision and reporting for KPPVL.


Note:
This Financial Services Authority Regulation takes effect on the date of its promulgation.
This Financial Services Authority Regulation was promulgated on December 22, 2025, and established on December 22, 2025.


Upon the commencement of this Financial Services Authority Regulation:


    

  1. PVL headquartered abroad that have been operating in Indonesia prior to the commencement of this Financial Services Authority Regulation must obtain approval from the Financial Services Authority for the opening of a KPPVL no later than 6 (six) months from the date this Financial Services Authority Regulation takes effect; and/or
    2. 

  2. Capital disbursements or financing that have been carried out by KPPVL prior to the commencement of this Financial Services Authority Regulation may continue to be carried out until the capital disbursement or financing ends.
    3. 



The Financial Services Authority may grant approvals or policies different from this Financial Services Authority Regulation based on specific considerations.
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