FINANCIAL SERVICES AUTHORITY

REPUBLIC OF INDONESIA

COPY

FINANCIAL SERVICES AUTHORITY REGULATION

OF THE REPUBLIC OF INDONESIA

NUMBER 11 /POJK.02/2021

CONCERNING

THE MANAGEMENT OF PROFESSIONAL CERTIFICATION BODIES

IN THE FINANCIAL SERVICES SECTOR

BY THE GRACE OF GOD THE ALMIGHTY

THE BOARD OF COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY,

Considering :

a. that in order to realize a national economy capable of sustainable and stable growth,

human resources are needed who are able to carry out activities in the financial services

sector in an orderly and accountable manner;

b. that in order to improve the quality of human resources in the financial services sector,

it is necessary to have work competency certification that is in accordance with the needs of

the financial services industry;

c. that in order to maintain the quality of work competency certification carried out and

issued by professional certification bodies, it is necessary to regulate the procedures for

ensuring that certification is carried out in accordance with work competency standards and the

established qualification framework;

d. that based on the considerations referred to in letters a, b, and c, it is necessary to establish

a Financial Services Authority Regulation regarding

The Management of Professional Certification Bodies in the

Financial Services Sector;

Considering : Law Number 21 of 2011 concerning the Financial Services Authority (State Gazette of the

Republic of Indonesia Year 2011 Number 111, Supplement to the State Gazette of the

Republic of Indonesia Number 5253);

DECIDES:

To Establish : A FINANCIAL SERVICES AUTHORITY REGULATION CONCERNING

THE MANAGEMENT OF PROFESSIONAL CERTIFICATION BODIES IN

THE FINANCIAL SERVICES SECTOR.

CHAPTER I

GENERAL PROVISIONS

Article 1

In this Financial Services Authority Regulation, the following terms are meant by:

1. The Indonesian National Qualification Framework, hereinafter abbreviated as KKNI, is a framework

for classifying competency qualifications that can juxtapose, equate, and integrate between the fields of education and

work training fields, as well as work experience in the context of granting work competency recognition in accordance with

the job structure in various sectors.

2. The Indonesian National Work Competency Standards, hereinafter abbreviated as SKKNI, is a formulation of

work capabilities that covers aspects of knowledge, skills and/or expertise as well as work attitudes that are

relevant to the implementation of tasks and job requirements established in accordance with applicable legislation.

3. Work Competency Certification is the process of granting work competency certificates that is carried out

systematically and objectively through competency testing in accordance with SKKNI.

4. Qualification is the mastery of learning outcomes that states the competency level or expertise in KKNI.

5. The National Professional Certification Body, hereinafter abbreviated as BNSP, is an independent institution formed

to carry out Work Competency Certification.

6. Professional Certification Body, hereinafter abbreviated as LSP, is an institution that carries out professional certification

activities that have met the requirements and have obtained a license from BNSP.

7. Certification Scheme is the pattern of competency certification used as a reference for the implementation of

professional competency certification, which consists of a set of competency units sourced from work competency standards

as well as other requirements related to competency recognition in types of work.

Article 2

The management of LSPs in the financial services sector aims to:

a. provide references and guidelines for LSPs in submitting recommendations and LSP registration to the Financial

Services Authority as well as updating certification data;

b. provide references and guidelines to the financial services industry in developing human resources through

Work Competency Certification by LSPs that are in accordance with industry needs; and

c. build a sustainable learning ecosystem through the application of KKNI through the mechanism of

LSP management in the financial services sector.

Article 3

(1) The management of LSPs in the financial services sector is carried out by considering the needs for human resource development in the sectors:

a. banking;

b. capital markets; and

c. insurance, pension funds, financing institutions,

and other financial service institutions as referred to in

the Law concerning the Financial Services Authority.

(2) The management of LSPs in the financial services sector

as referred to in paragraph (1) is implemented through stages that include:

a. issuance of recommendations for LSPs;

b. LSP registration; and

c. updating of certification data carried out by

LSPs.

CHAPTER II

ISSUANCE OF RECOMMENDATIONS FOR LSPs

Article 4

(1) LSPs submit applications for recommendation letters to the Financial Services Authority.

(2) The submission of recommendation letters as referred to in paragraph (1) is a requirement for LSPs to

obtain a license or approval from BNSP for:

a. the license of an LSP that will be established; or

b. approval of changes to the Certification Scheme including changes to the scope of the LSP license.

(3) The recommendation letter as referred to in paragraph (2) letter a is issued by the Financial Services Authority for LSPs that

meet the criteria:

a. established by an industry association and/or a professional association recognized by the Financial Services Authority;

b. is a legal entity separate from its founders and able to act professionally

and independently, including towards the financial services industry;

c. has an organizational structure consisting of at least

guiding elements, and implementing elements that are independent and do not hold concurrent positions

as members of the board of directors or equivalent, members

of the board of commissioners or equivalent, and employees in

the financial services industry; and

d. has a Certification Scheme containing:

1. structure in accordance with guidelines established by

BNSP;

2. competency units in accordance with SKKNI established

by the Ministry of Manpower; and

3. Qualification levels in accordance with KKNI established

by the Financial Services Authority.

(4) In the event that there are specific industries and/or professions that do not yet have an association as referred to in

paragraph (3) letter a, the establishment of an LSP can be carried out by a regulator or other institution appointed by

the government.

(5) To obtain a recommendation from the Financial Services Authority as referred to in paragraph (2) letter a,

LSPs established by a regulator or other institution appointed by the government must meet the requirements

as referred to in paragraph (3) letters b, c, and d.

(6) The recommendation letter as referred to in paragraph (2) letter b is issued by the Financial Services Authority for LSPs that

meet the criteria:

a. established by an industry association and/or a professional association recognized by the

Financial Services Authority, or a regulator or other institution appointed by

the government; and

b. has a change to the Certification Scheme containing:

1. structure in accordance with guidelines established by

BNSP;

2. competency units in accordance with SKKNI established

by the Ministry of Manpower; and

3. Qualification levels in accordance with KKNI established

by the Financial Services Authority.

Article 5

(1) The submission of applications for recommendation letters as referred to in Article 4 paragraph (2) letter a must

attach documents:

a. a certificate of fulfillment of the appreciation process by

BNSP;

b. proof of establishment of the LSP by:

1. an industry association and/or a professional association in

the financial services sector recognized by the Financial

Services Authority;

2. a regulator; or

3. another institution appointed by the government;

c. a photocopy of the LSP's articles of association;

d. the structure and organizational profile of the LSP; and

e. The Certification Scheme.

(2) The submission of applications for recommendation letters as referred to in Article 4 paragraph (2) letter b must

attach documents:

a. proof of establishment of the LSP by:

1. an industry association and/or a professional association in

the financial services sector recognized by the Financial

Services Authority;

2. a regulator; or

3. another institution appointed by the government;

b. a photocopy of the LSP's articles of association;

c. the structure and organizational profile of the LSP; and

d. changes to the Certification Scheme.

Article 6

(1) The Financial Services Authority issues a recommendation letter for the submission of an LSP recommendation letter application

within a maximum of 20 (twenty) working days from the date the application for the recommendation letter and the documents required

as referred to in Article 5 paragraph (1) and paragraph (2) are received in full.

(2) In the event that the application documents for the recommendation letter

do not meet the requirements as referred to in

Article 5 paragraph (1) and paragraph (2), the LSP submits fulfillment of the required documents within a maximum of

15 (fifteen) working days from the date of receipt of the letter requesting document completeness from the Financial Services Authority.

(3) An LSP that does not submit fulfillment of the required documents within the time period as referred to in

paragraph (2) is deemed to have canceled the application for the recommendation letter.

(4) In the event that an LSP as referred to in paragraph (3)

submits a new application for a recommendation letter to the Financial Services Authority, the LSP must submit a new

application for a recommendation letter accompanied by

document requirements as referred to in Article 5 paragraph (1) and paragraph (2).

Article 7

(1) The recommendation letter issued by the Financial Services Authority has a validity period:

a. 1 (one) year from the date the recommendation is established for the

establishment of an LSP; or

b. 6 (six) months from the date the recommendation is established for

changes to the Certification Scheme.

(2) An LSP that does not submit an application for the establishment of an LSP

or approval of changes to the Certification Scheme within the time period as referred to in paragraph (1) to

BNSP, the recommendation letter that has been issued by the Financial Services Authority becomes invalid.

CHAPTER III

LSP REGISTRATION

Article 8

(1) Work Competency Certification programs in the financial services sector are carried out by LSPs registered with the Financial Services Authority.

(2) LSPs registered as referred to in paragraph (1) have a registered sign from the Financial Services Authority.

Article 9

(1) To obtain the registered sign as referred to in Article 8 paragraph (2), LSPs submit

a registration application to the Financial Services Authority.

(2) The submission of an LSP registration application as referred to in paragraph (1) must attach documents:

a. proof of license issued by BNSP that is still valid;

b. proof of establishment of the LSP by:

1. an industry association and/or a professional association in

the financial services sector recognized by the Financial

Services Authority;

2. a regulator; or

3. another institution appointed by the government;

c. a photocopy of the LSP's articles of association;

d. the structure and organizational profile of the LSP; and

e. The Certification Scheme or changes to the Certification Scheme

that have been validated by BNSP.

Article 10

(1) The Financial Services Authority issues a registered sign letter for the submission of an LSP registration application within a maximum of

20 (twenty) working days from the date the registration application and the documents required as referred to in

Article 9 paragraph (2) are received in full.

(2) The Financial Services Authority may announce the name of the LSP

that is registered with the Financial Services Authority as referred to in paragraph (1) on the website of the Financial Services Authority.

(3) In the event that the application documents for registration do not

meet the requirements as referred to in Article 9 paragraph (2), the LSP submits fulfillment of the required documents

within a maximum of 10 (ten) working days

from the date of receipt of the letter requesting document completeness

from the Financial Services Authority.

(4) An LSP that does not submit fulfillment of the required documents within the time period as referred to in

paragraph (3) is deemed to have canceled the application for registration.

(5) In the event that an LSP as referred to in paragraph (4)

submits a new registration application to the Financial Services Authority, the LSP must submit a new

registration application accompanied by document requirements

as referred to in Article 9 paragraph (2).

CHAPTER IV

UPDATING OF CERTIFICATION DATA

Article 11

LSPs registered with the Financial Services Authority are required to:

a. carry out certification activities continuously in the financial services sector according to the validity period of the license that has been issued by BNSP;

b. submit updates of LSP certification data to the Financial Services Authority;

c. adjust the Certification Scheme in accordance with the latest SKKNI established by the Ministry

of Manpower and the latest KKNI established by the Financial Services Authority;

d. submit institutional updates related to the LSP license to the Financial Services Authority;

e. issue work competency certificates in the financial services sector in accordance with the results of competency testing; and

f. revoke work competency certificates in the financial services sector if the holder of the work competency certificate in the financial services sector is proven guilty of committing a criminal offense in the financial sector based on a court decision that has permanent legal force or a violation of the professional code of ethics.

Article 12

(1) Data updates as referred to in Article 11 letter b are submitted periodically every semester at the latest by January 31 and July 31 of each year

to the Financial Services Authority electronically.

(2) In the event that the electronic system is not available or

experiences a disturbance, the submission of data updates

as referred to in paragraph (1) is carried out manually.

(3) Under certain conditions, the Financial Services Authority may

request other data related to the development of the implementation of certification.

(4) Other data as referred to in paragraph (3) must be submitted by the LSP within a maximum of 5 (five) working days from the date of receipt of the data request letter from the Financial Services Authority.

(5) If the deadline for submission of data updates and

other data as referred to in paragraph (1) and paragraph (4)

falls on a holiday, the submission of data updates and

other data is submitted at the latest 1 (one) working day

following.

CHAPTER V

ADMINISTRATIVE SANCTIONS

Article 13

LSPs registered with the Financial Services Authority proven to have committed violations:

a. do not carry out certification activities as referred to in Article 11 letter a;

b. do not submit updates of certification data to the Financial Services Authority as referred to in Article 11 letter b within the time period as referred to in Article 12 paragraph (1);

c. do not adjust the Certification Scheme as referred to in Article 11 letter c;

d. do not carry out institutional updates related to the LSP license as referred to in Article 11 letter d;

e. do not issue work competency certificates in the financial services sector in accordance with the results of competency testing as referred to in Article 11 letter e;

f. do not revoke work competency certificates in the financial services sector as referred to in Article 11 letter f;

or

g. do not submit other data related to the development of the implementation of certification as referred to in Article 12 paragraph (4),

are subject to administrative sanctions in the form of a written reprimand by the Financial Services Authority.

Article 14

LSPs registered with the Financial Services Authority proven to have committed violations:

a. do not implement the written reprimand as referred to in Article 13 letter a within a period of 6

(six) months from the date of the written reprimand letter;

b. do not implement the written reprimand as referred to in Article 13 letter b within a period of 3

(three) months from the date of the written reprimand letter; or

c. do not implement the written reprimand as referred to in Article 13 letters c through g

within a period of 30 (thirty) calendar days from the date of the written reprimand letter,

are subject to administrative sanctions in the form of revocation of the LSP registered sign by the Financial Services Authority.

CHAPTER VI

OTHER PROVISIONS

Article 15

In the event that there are indications of violations committed by an LSP

regarding the implementation of Work Competency Certification in the financial services sector, the Financial Services Authority carries out coordination

with BNSP.

Article 16

The Financial Services Authority may carry out coordination with

related agencies for the management of LSPs in the financial services sector.

Article 17

Further provisions regarding the application of Qualification levels

according to KKNI in each sector are established by the Financial Services Authority.

CHAPTER VII

TRANSITIONAL PROVISIONS

Article 18

LSPs that have received a recommendation from the Financial Services Authority before the implementation of this Financial Services Authority Regulation may continue the license approval process in accordance with applicable legislation.

Article 19

(1) LSPs that have received a license from BNSP before the implementation of this Financial Services Authority Regulation but do not yet have a Certification Scheme that is in accordance with the SKKNI established by the Ministry of Manpower and the KKNI established by the Financial Services Authority, submit an application for:

a. a recommendation letter as referred to in Article 5 paragraph (2); and

b. LSP registration to the Financial Services Authority as referred to in Article 9.

(2) LSPs that have received a license from BNSP before the implementation of this Financial Services Authority Regulation and

have a Certification Scheme that is in accordance with the SKKNI established by the Ministry of Manpower and the

KKNI established by the Financial Services Authority, submit an application for LSP registration to the Financial Services Authority as referred to in Article 9.

(3) Parties that issue certificates of competency proof and/or proficiency that have received recognition from the Financial Services Authority before the implementation of this Financial Services Authority Regulation, submit an application for a recommendation letter as referred to in Article 5 paragraph (1) and submit an application for LSP registration to the Financial Services Authority as referred to in Article 9.

(4) The submission of applications as referred to in paragraph (1), paragraph (2), and paragraph (3) is carried out within a maximum of 6 (six) months from the implementation of this Financial Services Authority Regulation.

(5) LSPs as referred to in paragraph (1) and paragraph (2) as well as parties as referred to in paragraph (3) remain

able to carry out certification activities in the financial services sector until the time period as referred to in paragraph (4).

(6) In the event that LSPs as referred to in paragraph (1) and paragraph (2) as well as parties as referred to in paragraph (3)

do not submit applications:

a. recommendation letters to the Financial Services Authority as referred to in Article 5 paragraph (1) and paragraph (2); and/or

b. LSP registration to the Financial Services Authority as referred to in Article 9,

until the end of the time period as referred to in paragraph (4), they cannot carry out certification activities in the financial services sector.

Article 20

(1) Work competency certificates issued by LSPs as referred to in Article 19 paragraph (1) and paragraph (2) as well as certificates of competency proof and/or proficiency issued by parties as referred to in Article 19 paragraph (3) before the implementation of this Financial Services Authority Regulation are declared to remain valid and recognized.

(2) Work competency certificates issued by LSPs as referred to in Article 19 paragraph (1) and paragraph (2) as well as certificates of competency proof and/or proficiency issued by parties as referred to in Article 19 paragraph (3) for certifications carried out during the time period as referred to in Article 19 paragraph (4) are declared to remain valid and recognized.

(3) LSPs as referred to in Article 19 paragraph (1) and paragraph (2) as well as parties as referred to in Article 19 paragraph (3) report each certificate issued as referred to in paragraph (1) and paragraph (2) that still has a validity period to the Financial Services Authority within a maximum of 6 (six) months from the implementation of this Financial Services Authority Regulation.

CHAPTER VIII

CLOSING PROVISIONS

Article 21

At the time this Financial Services Authority Regulation comes into force:

a. Provisions of Article 14, Article 15, Article 16, Article 17, Article 19,

Article 21, and Article 22 paragraph (2) of Bank Indonesia Regulation Number 11/19/PBI/2009 concerning Risk Management Certification for Directors and Officials of Commercial Banks (State Gazette of the Republic of Indonesia Year 2009 Number 80,

Supplement to the State Gazette of the Republic of Indonesia Number

5011) as amended by Bank Indonesia Regulation Number 12/7/PBI/2010 concerning Amendment to Bank Indonesia Regulation Number 11/19/PBI/2009 concerning Risk Management Certification for Directors and Officials of Commercial Banks (State Gazette of the Republic of Indonesia Year 2010 Number 63, Supplement to the State Gazette of the Republic of Indonesia Number 5129);

b. Provisions of Article 10, Article 11, Article 12, Article, 13, Article

14, Article 15, Article 16, Article 17, Article 19, and Article 20

paragraph (2) and paragraph (3) of Financial Services Authority Regulation Number 44/POJK.03/2015 concerning Work Competency Certification for Members of the Board of Directors and Members of the Board of Commissioners of Rural Credit Banks and Islamic Financing Banks (State Gazette of the Republic of Indonesia Year 2015 Number 397, Supplement to the State Gazette of the Republic of Indonesia Number 5815);

c. Provisions of Article 91 and Article 99 of Financial Services Authority Regulation Number 67/POJK.05/2016 concerning Business Licensing and Institutions of Insurance Companies, Islamic Insurance Companies, Reinsurance Companies, and Islamic Reinsurance Companies (State Gazette of the Republic of Indonesia Year 2016 Number 300, Supplement to the State Gazette of the Republic of Indonesia Number 5990);

d. Provisions of Article 60 and Article 64 of Financial Services Authority Regulation Number 68/POJK.05/2016 concerning Business Licensing and Institutions of Insurance Brokerage Companies, Reinsurance Brokerage Companies, and Insurance Loss Appraisal Companies (State Gazette of the Republic of Indonesia Year 2016 Number 301, Supplement to the State Gazette of the Republic of Indonesia Number 5991);

e. Provisions of Article 107 of Financial Services Authority Regulation Number 01/POJK.05/2017 concerning Business Licensing and Institutions of Guarantee Institutions (State Gazette of the Republic of Indonesia Year 2017 Number 6, Supplement to the State Gazette of the Republic of Indonesia Number 6013);

f. Financial Services Authority Regulation Number

79/POJK.04/2017 concerning Registration of Professional Certification Bodies in the Capital Market Sector (State Gazette of the Republic of Indonesia Year 2017 Number 300,

Supplement to the State Gazette of the Republic of Indonesia Number

6168);

g. Provisions of Article 107 and Article 117 paragraph (5) and paragraph (6) of Financial Services Authority Regulation Number

35/POJK.05/2018 concerning the Conduct of Business by Financing Companies (State Gazette of the Republic of Indonesia Year 2018 Number 260, Supplement to the State Gazette of the Republic of Indonesia Number 6286);

h. Provisions of Article 104 and Article 114 paragraph (5) and paragraph (6) of Financial Services Authority Regulation Number

10/POJK.05/2019 concerning the Conduct of Business by Islamic Financing Companies and Islamic Business Units of Financing Companies (State Gazette of the Republic of Indonesia Year 2019 Number 40, Supplement to the State Gazette of the Republic of Indonesia Number 6320); and

i. Provisions of Article 18 paragraph (3), paragraph (4) and paragraph (5), as well as

Article 39 paragraph (1) letter a of Financial Services Authority Regulation Number 5/POJK.04/2021 concerning Capital Market Shariah Experts (State Gazette of the Republic of Indonesia Year 2021 Number 79, Supplement to the State Gazette of the Republic of Indonesia Number 6669),

are revoked and declared invalid.

Article 22

This Financial Services Authority Regulation comes into force on the date of its promulgation.

This copy is in accordance with the original

Director of Law 1

Law Department

signed

Mufli Asmawidjaja

In order that everyone knows it, orders the promulgation of this Financial Services Authority Regulation with its placement in the State Gazette of the Republic of Indonesia.

Established in Jakarta

on June 30, 2021

CHAIRMAN OF THE BOARD OF COMMISSIONERS

FINANCIAL SERVICES AUTHORITY

REPUBLIC OF INDONESIA,

signed

WIMBOH SANTOSO

Promulgated in Jakarta

on July 7, 2021

MINISTER OF LAW AND HUMAN RIGHTS

REPUBLIC OF INDONESIA,

signed

YASONNA H. LAOLY

STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2021 NUMBER 152

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
OF THE REPUBLIC OF INDONESIA
NUMBER 11/POJK.02/2021
CONCERNING
THE MANAGEMENT OF PROFESSIONAL CERTIFICATION AGENCIES IN THE FINANCIAL SERVICES SECTOR

I. GENERAL

To realize sustainable, stable, and contributive Financial Institutions, competent and innovative human resources are required. One of the efforts made to enhance this competence is by formulating competency standards required for human resources in the financial services sector. The Financial Services Authority is interested in promoting the application of competency standardization through regulations on certification obligations for specific positions/professions in the banking sector, capital market, insurance sector, pension funds, financing institutions, and other financial services institutions. Fulfillment of these competency certification obligations is obtained through Work Competency Certification referring to the National Competency Standards (SKKNI) established by the Ministry of Manpower of the Republic of Indonesia and the Indonesian National Qualifications Framework (KKNI) established by the Financial Services Authority.

Certification implementation is carried out by LSPs operating in the financial services sector and registered with the Financial Services Authority. The certification obtained is one of the mandatory requirements to meet the propriety and suitability assessment criteria required by the Financial Services Authority to become management, professional expertise, or managerial positions in Financial Institutions.

To support the continuous implementation of certification in the financial services sector according to needs, regulations on the management of LSPs in the financial services sector are required. The management process involves a mechanism for issuing recommendations for LSPs that will apply for licenses to BNSP and issuing registration certificates with the Financial Services Authority.

II. ARTICLE BY ARTICLE

Article 1
Sufficiently clear.

Article 2
Letter a
Sufficiently clear.

Letter b
Human resource development through Work Competency Certification is conducted to face the free trade market and technological development and to build a stable, contributive, and inclusive financial services sector.

Letter c
Sufficiently clear.

Article 3
Paragraph (1)
Letter a
The term "banking sector" refers to all banking activities based on the scope of regulation and supervision of banking by the Financial Services Authority as regulated in statutory regulations. Banking activities outside the scope of regulation and supervision by the Financial Services Authority, such as payment systems, management of Rupiah funds, and other activities, are subject to regulations of other competent authorities.

Letter b
Sufficiently clear.

Letter c
Sufficiently clear.

Paragraph (2)
Sufficiently clear.

Article 4
Paragraph (1)
Requests for recommendation letters are submitted to the Financial Services Authority through the work unit that implements the function of developing human resource competence in the financial services sector.

Paragraph (2)
Sufficiently clear.

Paragraph (3)
Letter a
Sufficiently clear.

Letter b
The term "acting professionally and independently" refers to taking actions and making decisions regarding competency tests fairly, objectively, without control, and free from the influence of other parties, including the founders of the LSP.

Letter c
Sufficiently clear.

Letter d
Sufficiently clear.

Paragraph (4)
The term "regulator" refers to ministries/agencies according to statutory regulations. Examples of other institutions designated by the government include the Indonesian Ulema Council.

Paragraph (5)
Sufficiently clear.

Paragraph (6)
Sufficiently clear.

Article 5
Sufficiently clear.

Article 6
Sufficiently clear.

Article 7
Sufficiently clear.

Article 8
Sufficiently clear.

Article 9
Paragraph (1)
Registration requests are submitted to the Financial Services Authority through the work unit that implements the function of developing human resource competence in the financial services sector.

Paragraph (2)
Sufficiently clear.

Article 10
Sufficiently clear.

Article 11
Letter a
Sufficiently clear.

Letter b
Sufficiently clear.

Letter c
Sufficiently clear.

Letter d
Examples of institutional updates regarding LSP licenses include information on changes in organizational structure and license status.

Letter e
Sufficiently clear.

Letter f
Sufficiently clear.

Article 12
Paragraph (1)
Examples of data updates include:

1. number of participants;
2. list of participant names;
3. implementation date;
4. competency test location;
5. competency test results; and
6. work competency certificates.

Paragraph (2)
The term "disruption" includes system disruptions caused by force majeure conditions or network and/or application system failures.

Paragraph (3)
The term "specific conditions" includes the need for human resource mapping and the Financial Services Authority is developing specific industrial sectors. Examples of other data related to the development of certification implementation include participant competency test evaluation documents and competency test material documents.

Paragraph (4)
Sufficiently clear.

Paragraph (5)
Sufficiently clear.

Article 13
Letter a
Sufficiently clear.

Letter b
Examples of failing to submit certification data updates are as follows:
In 2021, if an LSP fails to submit updates on certification implementation data to the Financial Services Authority by January 31, 2021, the Financial Services Authority will issue a written warning letter to the LSP on February 1, 2021.

Letter c
Sufficiently clear.

Letter d
Sufficiently clear.

Letter e
Sufficiently clear.

Letter f
Sufficiently clear.

Letter g
Sufficiently clear.

Article 14
Letter a
Sufficiently clear.

Letter b
Example:
In 2021, if an LSP has received a written warning letter on February 1, 2021, and does not follow up on the said written warning by May 1, 2021, the Financial Services Authority will impose sanctions by revoking the LSP's registered status with the Financial Services Authority.

Letter c
Sufficiently clear.

Article 15
Examples of coordination conducted between the Financial Services Authority and BNSP include the submission of information indicating violations, providing opinions regarding certification implementation in the financial services sector, and providing responses to the receipt of information from examination results conducted by BNSP.

Article 16
Sufficiently clear.

Article 17
Sufficiently clear.

Article 18
Sufficiently clear.

Article 19
Sufficiently clear.

Article 20
Sufficiently clear.

Article 21
Sufficiently clear.

Article 22
Sufficiently clear.

SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 6696 ---