Regulatory AlertsAmendment to OJK Circular No. 19/SEOJK.04/2018 on Investment Manager Governance Implementation Reports
The Financial Services Authority (OJK) issued Circular No. 9/SEOJK.04/2023 to amend reporting requirements for Investment Manager governance, specifically addressing Sharia Supervisory Board (DPS) oversight. The regulation introduces new disclosure obligations regarding DPS authority, board meetings, and transparency of relationships, alongside mandatory self-assessments for Sharia-compliant investment managers. These changes align with recent POJK regulations to clarify DPS roles and enhance governance transparency through the ARIA reporting system.
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