Regulatory AlertsAssessment of Competence and Propriety of Principal Parties of Non-Operational Financial Conglomerate Holding Companies
The Financial Services Authority (OJK) issued Circular Letter No. 18/SEOJK.03/2025 to implement POJK No. 30 of 2024 regarding financial conglomerates. This regulation establishes the guidelines and procedures for assessing the competence and propriety of principal parties of non-operational financial conglomerate holding companies. It defines key terms, outlines the assessment mechanism, and specifies administrative requirements and information submission protocols.
Share