Regulatory AlertsReporting Through the OJK Reporting System and Financial Condition Transparency for Rural Banks
The Financial Services Authority (OJK) issued Circular Letter No. 16/SEOJK.03/2024 to refine the implementation of reporting requirements for Rural Banks (BPR) and Sharia Rural Banks (BPRS) in alignment with POJK No. 23 of 2024. The regulation mandates that periodic and ad-hoc reports be submitted via the OJK Online Reporting Application (APOLO) according to specified formats and procedures outlined in its appendices. This circular supersedes previous reporting-related circulars and takes effect on December 1, 2024.
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