Regulatory AlertsOJK Regulation Number 4 of 2025 on Financial Service Aggregation Institutions
The Financial Services Authority (OJK) issued Regulation Number 4 of 2025 to establish detailed licensing and supervision rules for Financial Sector Technology Innovations, specifically targeting Financial Service Aggregation Institutions (PAJK). This regulation implements the Financial Sector Development and Strengthening Act (UU P2SK) by defining institutional structures, governance standards, and operational requirements for PAJK entities. It mandates that existing operators must apply for licenses within twelve months of the regulation's enactment on February 26, 2025, and establishes mechanisms for annual business plan reporting and compliance oversight.
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