Reporting Through the OJK Reporting System and Financial Condition Transparency for Rural Banks

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Sector: Banking

Sub-Sector: Commercial Banks; Rural Banks (BPR); Sharia Rural Banks (BPRS)

Type of Regulation: OJK Circular Letter

Regulation Number: 16/SEOJK.03/2024

Effective Date: 12/1/2024

Appendix 1 SEOJK 16-SEOJK.03-2024 Reporting Through the OJK Reporting System and Financial Condition Transparency for Rural Banks.pdf Abstract SEOJK 16-SEOJK.03-2024 Reporting Through the OJK Reporting System and Financial Condition Transparency for Rural Banks.pdf FAQ SEOJK 16-SEOJK.03-2024 Reporting Through the OJK Reporting System and Financial Condition Transparency for BPR.pdf

Page Content OJK Circular Letter Number 16/SEOJK.03/2024 concerning Reporting Through the OJK Reporting System and Financial Condition Transparency for Rural Banks

Abstract: As a follow-up to the issuance of POJK No. 23 of 2024 concerning Reporting Through the OJK Reporting System and Financial Condition Transparency for Rural Banks and Sharia Rural Banks, it is necessary to refine the implementation provisions to align with existing legislation.

The legal basis for this OJK Circular Letter (SEOJK) is: Law No. 7 of 1992 as amended several times, lastly by Law No. 4 of 2023; Law No. 21 of 2011 as amended by Law No. 4 of 2023; and POJK No. 23 of 2024.

This OJK Circular Letter regulates further explanations, including the list of periodic and ad-hoc reports submitted through the OJK Online Reporting Application (APOLO), the format and procedures for compiling and submitting reports, the procedure for submitting reporting officers, requirements for supporting reporting equipment, and examples of reporting sanctions.

The list of periodic and ad-hoc reports submitted through APOLO refers to Appendix I, which is an integral part of this OJK Circular Letter.

The format and procedures for compiling monthly periodic reports refer to Appendix II, which is an integral part of this OJK Circular Letter.

The format and procedures for compiling annual reports and public financial reports refer to Appendix III, which is an integral part of this OJK Circular Letter.

The format and procedures for compiling ad-hoc reports refer to Appendix IV, which is an integral part of this OJK Circular Letter.

The format for letters of appointment or changes of reporting officers refers to Appendix V, which is an integral part of this OJK Circular Letter.

Notes: This OJK Circular Letter takes effect on December 1, 2024.

Upon the effective date of this OJK Circular Letter: a) OJK Circular Letter Number 6/SEOJK.03/2015 concerning Officeless Financial Services in the Context of Financial Inclusion by Banks; b) OJK Circular Letter Number 6/SEOJK.03/2016 concerning the Implementation of Compliance Functions for Rural Banks; c) OJK Circular Letter Number 7/SEOJK.03/2016 concerning Guidelines for the Standard Implementation of Internal Audit Functions for Rural Banks; d) OJK Circular Letter Number 15/SEOJK.03/2017 concerning IT Service Standards for Rural Banks and Sharia Rural Banks; e) OJK Circular Letter Number 32/SEOJK.03/2017 concerning the Implementation of Anti-Money Laundering and Counter-Terrorism Financing Programs in the Banking Sector; f) OJK Circular Letter Number 1/SEOJK.03/2019 concerning Risk Management Implementation for Rural Banks; g) OJK Circular Letter Number 24/SEOJK.03/2020 concerning Amendments to OJK Circular Letter Number 5/SEOJK.03/2016 concerning Governance Implementation for Rural Banks; h) OJK Circular Letter Number 28/SEOJK.03/2021 concerning Business Plans for Rural Banks; i) OJK Circular Letter Number 32/SEOJK.03/2021 concerning Amendments to OJK Circular Letter Number 9/SEOJK.03/2019 concerning Re-evaluation of Related Parties of Banks; j) OJK Circular Letter Number 8/SEOJK.03/2022 concerning the Implementation of Rural Bank Products; k) OJK Circular Letter Number 11/SEOJK.03/2022 concerning the Assessment of Health Levels for Rural Banks and Sharia Rural Banks; l) OJK Circular Letter Number 11/SEOJK.03/2023 concerning Maximum Credit Limits for BPR and Maximum Fund Disbursement Limits for Sharia Rural Banks; and m) OJK Circular Letter Number 18/SEOJK.03/2023 concerning Procedures for the Use of Public Accountant Services and Public Accountant Offices in Financial Service Activities, are declared to remain in force insofar as they do not conflict with this OJK Circular Letter.

Upon the effective date of this OJK Circular Letter: a) OJK Circular Letter Number 16/SEOJK.03/2019 concerning Amendments to OJK Circular Letter Number 39/SEOJK.03/2017 concerning Annual Reports and Public Financial Reports of Rural Banks; and b) OJK Circular Letter Number 12/SEOJK.03/2022 concerning Monthly Reports of Rural Banks, are revoked and declared invalid.