Regulatory AlertsProcedures for Interviews on Competence and Propriety of Candidates for Management and Supervisory Bodies of Alternative Dispute Resolution Institutions in the Financial Services Sector
The Financial Services Authority (OJK) issued Circular Letter No. 14/SEOJK.08/2023 to establish detailed procedures for interviewing candidates for management and supervisory roles at Alternative Dispute Resolution (ADR) institutions in the financial services sector. This regulation operationalizes the mandate of POJK No. 61/POJK.07/2020 by defining interview participants, assessment factors, administrative document requirements, and the approval mechanism for candidates. The circular became effective on September 20, 2023, and includes specific appendices for resumes, integrity assessments, and official request letters.
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