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OJK 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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Indonesia
Otoritas Jasa Keuangan (Financial Services Authority)
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Financial Services Authority Regulation
4 of 2025
Financial Service Aggregation Institutions


Abstract:
With the enactment of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK), further regulations are required regarding the licensing and supervision of Financial Sector Technology Innovations (ITSK). One scope of ITSK as regulated in Article 213 of the UU P2SK is market support, where one example of ITSK included in Financial Service Aggregation Institutions (PAJK) falls under this category.
The legal basis for this Financial Services Authority Regulation (POJK) is: Law No. 21 of 2011 as amended by Law No. 4 of 2023 and Law No. 4 of 2023.
This POJK regulates Financial Service Aggregation Institutions regarding:


    

  1. General Provisions
    2. 

  2. Institutional Structure
    3. 

  3. Governance
    4. 

  4. Aggregation Services
    5. 

  5. Supervision
    6. 

  6. Cessation of Activities and Revocation of Business Licenses
    7. 

  7. Other Compliance Aspects
    8. 

  8. Other Provisions
    9. 

  9. Transitional Provisions
    10. 

  10. Closing Provisions.
    11. 



Note:
This Financial Services Authority Regulation takes effect on the date of its promulgation.
This Financial Services Authority Regulation was promulgated on February 26, 2025, and was established on February 21, 2025.
Any party outside of PAJK that has conducted PAJK activities prior to the enactment of this Financial Services Authority Regulation is required to apply for a business license in accordance with the provisions of this Financial Services Authority Regulation within a maximum period of 12 (twelve) months calculated from the date this Financial Services Authority Regulation is promulgated.
This POJK mandates further regulations regarding the procedures and mechanisms for reporting annual business plans, as well as reporting procedures and mechanisms.
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