Regulatory AlertsOJK Circular on the Health Level Assessment of Venture Capital Companies and Sharia Venture Capital Companies
The Financial Services Authority (OJK) issued Circular No. 19/SEOJK.06/2024 to implement the health level assessment framework for Venture Capital and Sharia Venture Capital Companies as mandated by POJK No. 25 of 2023. The regulation establishes a risk-oriented assessment methodology covering corporate governance, risk profiles, profitability, and capital adequacy, categorized into five governance tiers and eight specific risk types. This circular officially repeals the previous OJK Circular No. 7/SEOJK.05/2018 and became effective on December 22, 2024.
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