Regulatory AlertsOJK Circular No. 33/SEOJK.03/2025 on Reporting by Islamic Commercial Banks and Islamic Business Units via the OJK Reporting System
The Financial Services Authority (OJK) issued Circular No. 33/SEOJK.03/2025 to establish implementation guidelines for Islamic Commercial Banks (BUS), Islamic Business Units (UUS), and Representative Offices of Foreign Banks (KPBLN) conducting Sharia-based activities. The regulation mandates these entities to submit periodic and incidental reports through the OJK Reporting System, specifying data positions, periodicity, and submission deadlines. It officially revokes the previous Circular No. 27/SEOJK.03/2020, requiring entities to transition to the new system starting from the first data position defined in this circular.
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