Financial Services Authority Regulation Number 7 of 2025 on Custodian Bank Reporting

EXTRACT
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 7 OF 2025
CONCERNING
REPORTING BY COMMERCIAL BANKS AS CUSTODIANS
BY THE GRACE OF GOD THE ALMIGHTY

THE BOARD OF COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY,

Considering:
a. that in order to improve the quality of services and data processing in an integrated and transparent manner, it is necessary to adjust the reporting regulations for custodian banks; b. that in order to improve the efficiency and effectiveness of the submission of information presented in custodian bank reports, it is necessary to simplify the number of custodian bank reports submitted to the Financial Services Authority;
c. that based on the considerations referred to in letters a and b, it is necessary to establish a Financial Services Authority Regulation concerning Reporting by Commercial Banks as Custodians;

Recalling:

1. Law Number 8 of 1995 concerning the Capital Market (State Gazette of the Republic of Indonesia Year 1995 Number 64, Supplement to the State Gazette of the Republic of Indonesia Number 3608) as amended by Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
2. 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) as amended by Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);

DECIDING:

To establish: A FINANCIAL SERVICES AUTHORITY REGULATION CONCERNING REPORTING BY COMMERCIAL BANKS AS CUSTODIANS.

CHAPTER I
GENERAL PROVISIONS

Article 1
In this Financial Services Authority Regulation, the following terms are defined as:

1. Custodian is a party that provides services for the safekeeping of securities and other assets related to securities, assets related to collective investment portfolios, and other services, including receiving dividends, interest, and other rights, settling securities transactions, and representing account holders who are its clients.
2. Commercial Bank is a bank that conducts business activities on a conventional basis and/or based on Sharia principles, which in its activities provides services in payment transactions, including branches of banks located outside the country.
3. Custodian Bank is a Commercial Bank that has obtained approval from the Financial Services Authority to conduct business activities as a Custodian.
4. Public Accountant is a public accountant who has obtained permission from the competent authority and is registered with the Financial Services Authority.
5. Periodic Report is a report prepared by the Custodian Bank for the needs of the Financial Services Authority during a specific period.
6. Incidental Report is a report prepared by the Custodian Bank for the needs of the Financial Services Authority at a specific time.
7. Security is a security instrument or investment contract, whether in conventional and digital form or other forms in accordance with technological developments, which grants rights to its owner to directly or indirectly obtain economic benefits from the issuer or from a specific party based on an agreement and any derivatives of the security, which can be transferred and/or traded in the capital market.
8. Financial Services Authority Reporting System is an information system used as a means for Custodian Banks to submit reports online to the Financial Services Authority.

CHAPTER II
PERIODIC REPORTS AND INCIDENTAL REPORTS

Article 2
(1) Custodian Banks are required to submit Periodic Reports and Incidental Reports to the Financial Services Authority completely, accurately, currently, and on time.
(2) Periodic Reports as referred to in paragraph (1) include:
a. monthly reports; and b. annual reports which are the results of operational audits by Public Accountants.

Article 3
(1) Custodian Banks are required to submit monthly reports as referred to in Article 2 paragraph (2) letter a to the Financial Services Authority no later than the 15th (fifteenth) of the following month. (2) Custodian Banks are required to submit annual reports which are the results of operational audits by Public Accountants to the Financial Services Authority as referred to in Article 2 paragraph (2) letter b no later than 90 (ninety) days after the end of the annual reporting period. (3) In the event that a Commercial Bank newly obtains a letter of approval as a Custodian from the Financial Services Authority in the last month of the current period, the obligation to submit the first annual report which is the result of an operational audit by a Public Accountant is carried out for the following year. (4) Monthly reports as referred to in Article 2 paragraph (2) letter a must contain information on the monthly activities of the Custodian Bank, in accordance with the format of the Custodian Bank Monthly Report. (5) Annual reports which are the results of operational audits by Public Accountants as referred to in Article 2 paragraph (2) letter b must contain at least information related to the Public Accountant and a summary of the conclusions of the audit results. (6) Custodian Banks are required to submit Incidental Reports to the Financial Services Authority concerning:
a. the opening of Custodian service branches; b. changes in the Custodian responsible officials; and/or
c. changes in the Custodian institution,
no later than 7 (seven) working days since the occurrence of the opening and/or change.
(7) The format of monthly reports as referred to in paragraph (4) and the format of Incidental Reports as referred to in paragraph (6) are established by the Financial Services Authority.

Article 4
In the event that the deadline for the submission of Periodic Reports as referred to in Article 3 paragraph (1) and paragraph (2) falls on a holiday, Custodian Banks are required to submit Periodic Reports on 1 (one) working day following the holiday.

Article 5
Custodian Banks are deemed to have submitted Periodic Reports and/or Incidental Reports on the date the Periodic Reports and/or Incidental Reports are received by the Financial Services Authority.

Article 6
(1) Any Party that violates the provisions as referred to in Article 2 paragraph (1), Article 3 paragraph (1), paragraph (2), paragraph (4), paragraph (5), paragraph (6), and Article 4, shall be subject to administrative sanctions. (2) Sanctions as referred to in paragraph (1) shall also be imposed on Parties who cause the violation as referred to in paragraph (1). (3) Sanctions as referred to in paragraph (1) and paragraph (2) shall be imposed by the Financial Services Authority. (4) Sanctions as referred to in paragraph (1) consist of:
a. written warnings; b. fines, namely the obligation to pay a certain amount of money; and/or
c. cancellation of approval.
(5) Administrative sanctions as referred to in paragraph (4) letter b or letter c may be imposed with or without prior imposition of administrative sanctions in the form of written warnings as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of fines as referred to in paragraph (4) letter b may be imposed separately or together with the imposition of administrative sanctions as referred to in paragraph (4) letter c. (7) The procedure for imposing sanctions as referred to in paragraph (3) is carried out in accordance with the provisions of legislation in the field of capital markets.

CHAPTER III
REPORTING PROCEDURES

Article 7
(1) Custodian Banks are required to submit Periodic Reports and Incidental Reports as referred to in Article 2 online through the Financial Services Authority Reporting System.
(2) Custodian Banks are required to submit corrections for errors in information in Periodic Reports and Incidental Reports as referred to in paragraph (1) online through the Financial Services Authority Reporting System. (3) In the event that a Commercial Bank newly obtains a letter of approval as a Custodian from the Financial Services Authority and has not yet obtained user access rights for online submission of reports through the Financial Services Authority Reporting System, the Custodian Bank is required to submit the first monthly report offline to the Financial Services Authority. (4) Monthly reports as referred to in paragraph (3) must be submitted to the relevant capital market supervision department at the Financial Services Authority. (5) In the event there are corrections to Periodic Reports and/or Incidental Reports based on findings by the Custodian Bank, the Custodian Bank is required to submit a written notification letter regarding report corrections to the relevant capital market supervision department at the Financial Services Authority before submitting corrections for errors in information in Periodic Reports and/or Incidental Reports as referred to in paragraph (2).

Article 8
(1) In the event that the Financial Services Authority experiences technical disruptions and/or system development at the deadline for the submission of Periodic Reports and/or Incidental Reports so that Custodian Banks cannot submit Periodic Reports and/or Incidental Reports, the Financial Services Authority notifies Custodian Banks in writing and is submitted:
a. directly to the Custodian Bank; b. through the Financial Services Authority Reporting System;
c. through the Financial Services Authority's email address; and/or
d. through the Financial Services Authority's website.
(2) The Financial Services Authority notifies Custodian Banks that technical disruptions and/or system development at the Financial Services Authority as referred to in paragraph (1) have been resolved or completed through:
a. the Financial Services Authority Reporting System; and/or; b. the Financial Services Authority's email address.
(3) Custodian Banks are required to submit Periodic Reports and/or Incidental Reports no later than 2 (two) working days after the Financial Services Authority notifies that technical disruptions and/or system development at the Financial Services Authority as referred to in paragraph (1) have been resolved or completed. (4) In the event that Custodian Banks experience force majeure so that they cannot submit Periodic Reports and/or Incidental Reports, Custodian Banks are required to submit a written notification letter to the Financial Services Authority to obtain a postponement of the deadline for the submission of Periodic Reports and/or Incidental Reports no later than 1 (one) working day since the occurrence of the force majeure. (5) Custodian Banks are required to submit notification letters regarding force majeure as referred to in paragraph (4) to the relevant capital market supervision department at the Financial Services Authority:
a. through the Financial Services Authority's email address; and/or b. offline.

Article 9
(1) In the event of damage to Periodic Reports and/or Incidental Reports due to technical disruptions or other disruptions in the Financial Services Authority Reporting System, the Financial Services Authority may request Custodian Banks to resubmit Periodic Reports and/or Incidental Reports. (2) Custodian Banks resubmit Periodic Reports and/or Incidental Reports upon request by the Financial Services Authority as referred to in paragraph (1).

Article 10
Further provisions regarding the submission of reports as referred to in Article 7, Article 8, and Article 9 are established by the Financial Services Authority.

Article 11
(1) Custodian Banks are deemed to have late submission of Periodic Reports and/or Incidental Reports, in the event that the submission of Periodic Reports and/or Incidental Reports exceeds the deadline as referred to in Article 3 paragraph (1), paragraph (2), and paragraph (6). (2) Late submission of Periodic Reports and/or Incidental Reports as referred to in paragraph (1) shall be subject to administrative sanctions in the form of fines to Custodian Banks as regulated in the Financial Services Authority Regulation concerning the conduct of business in the field of capital markets.

Article 12
(1) Errors in information submitted in Periodic Reports and/or Incidental Reports as referred to in Article 2 paragraph (1) based on findings by the Custodian Bank or the Financial Services Authority shall be subject to administrative sanctions in the form of fines of IDR 100,000.00 (one hundred thousand rupiah) per entry error and a maximum of IDR 10,000,000.00 (ten million rupiah) per Periodic Report and/or Incidental Report. (2) In the event there are entry errors in Periodic Reports and/or Incidental Reports as referred to in Article 2 paragraph (1) that result in other entry errors in:
a. the same report; and/or b. other reports, administrative sanctions in the form of fines shall not be imposed on other entry errors in the same report and/or other reports.
(3) Custodian Banks that have been subject to administrative sanctions in the form of fines as referred to in paragraph (1) remain obligated to submit corrections to Periodic Reports and/or corrections to Incidental Reports. (4) Corrections to Periodic Reports and/or corrections to Incidental Reports as referred to in paragraph (3) must be submitted to the Financial Services Authority no later than 5 (five) days since the date of the request for correction of Periodic Reports and/or corrections to Incidental Reports from the Financial Services Authority. (5) Custodian Banks that do not comply with the provisions as referred to in paragraph (3) and paragraph (4) shall be subject to administrative sanctions in the form of written reprimands or written warnings. (6) Sanctions as referred to in paragraph (5) shall be imposed by the Financial Services Authority.

Article 13
(1) Any Party that violates the provisions as referred to in Article 7, Article 8 paragraph (3), paragraph (4), and paragraph (5), shall be subject to administrative sanctions.
(2) Sanctions as referred to in paragraph (1) shall also be imposed on Parties who cause the violation as referred to in paragraph (1).
(3) Sanctions as referred to in paragraph (1) and paragraph (2) shall be imposed by the Financial Services Authority.
(4) Sanctions as referred to in paragraph (1) consist of:
a. written warnings; b. fines, namely the obligation to pay a certain amount of money; and/or;
c. cancellation of approval.
(5) Administrative sanctions as referred to in paragraph (4) letter b or letter c may be imposed with or without prior imposition of administrative sanctions in the form of written warnings as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of fines as referred to in paragraph (4) letter b may be imposed separately or together with the imposition of administrative sanctions as referred to in paragraph (4) letter c. (7) The procedure for imposing sanctions as referred to in paragraph (3) is carried out in accordance with the provisions of legislation in the field of capital markets.

CHAPTER IV
SUPERVISION

Article 14
(1) Custodian Banks are required to provide information and/or data in the form of documents requested by the Financial Services Authority in the implementation of supervision by the Financial Services Authority. (2) Custodian Banks are required to account for Periodic Reports and/or Incidental Reports for supervision purposes.

Article 15
(1) Any Party that violates the provisions as referred to in Article 14, shall be subject to administrative sanctions.
(2) Sanctions as referred to in paragraph (1) shall also be imposed on Parties who cause the violation as referred to in paragraph (1).
(3) Sanctions as referred to in paragraph (1) and paragraph (2) shall be imposed by the Financial Services Authority.
(4) Sanctions as referred to in paragraph (1) consist of:
a. written warnings; b. fines, namely the obligation to pay a certain amount of money; and/or
c. cancellation of approval.
(5) Administrative sanctions as referred to in paragraph (4) letter b or letter c may be imposed with or without prior imposition of administrative sanctions in the form of written warnings as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of fines as referred to in paragraph (4) letter b may be imposed separately or together with the imposition of administrative sanctions as referred to in paragraph (4) letter c. (7) The procedure for imposing sanctions as referred to in paragraph (3) is carried out in accordance with the provisions of legislation in the field of capital markets.

CHAPTER V
OTHER PROVISIONS

Article 16
In addition to administrative sanctions as referred to in this Financial Services Authority Regulation, the Financial Services Authority may take specific actions against any Party that violates the provisions of this Financial Services Authority Regulation.

Article 17
The Financial Services Authority may announce the imposition of administrative sanctions as referred to in this Financial Services Authority Regulation and specific actions as referred to in Article 16 to the public.

CHAPTER VI
CLOSING PROVISIONS

Article 18
At the time this Financial Services Authority Regulation comes into force:
a. Financial Services Authority Regulation Number 24/POJK.04/2017 concerning Reporting by Commercial Banks as Custodians (State Gazette of the Republic of Indonesia Year 2017 Number 124, Supplement to the State Gazette of the Republic of Indonesia Number 6071); b. Article 5 paragraph (2) letter c regarding the group of information on products, activities, and activities related to custodian activity reports, Article 5 paragraph (3) regarding the position of data submission as a custodian, and Article 8 paragraph (1) regarding the date of submission of structured monthly reports for custodian activity reports in the Financial Services Authority Regulation Number 63/POJK.03/2020 concerning Reporting by Commercial Banks through the Financial Services Authority Reporting System (State Gazette of the Republic of Indonesia Year 2020 Number 297, Supplement to the State Gazette of the Republic of Indonesia Number 6604);
c. Article 39 letter d regarding the obligation of Custodian Banks to submit monthly reports on the accounting of guarantee funds in the Financial Services Authority Regulation Number 71/POJK.05/2016 concerning Financial Health of Insurance Companies and Reinsurance Companies (State Gazette of the Republic of Indonesia Year 2016 Number 304, Supplement to the State Gazette of the Republic of Indonesia Number 5994);
d. Article 42 letter d regarding the obligation of Custodian Banks to submit monthly reports on the accounting of guarantee funds in the Financial Services Authority Regulation Number 72/POJK.05/2016 concerning Financial Health of Insurance Companies and Reinsurance Companies with Sharia Principles (State Gazette of the Republic of Indonesia Year 2016 Number 305, Supplement to the State Gazette of the Republic of Indonesia Number 5995); e. Article 39 letter d regarding the obligation of Custodian Banks to submit monthly reports on the accounting of guarantee funds in the Financial Services Authority Regulation Number 1/POJK.05/2018 concerning Financial Health for Insurance Companies in the Form of Joint Venture Legal Entities (State Gazette of the Republic of Indonesia Year 2018 Number 15, Supplement to the State Gazette of the Republic of Indonesia Number 6183), are repealed and declared invalid.

Article 19
This Financial Services Authority Regulation comes into force 9 (nine) months after this Financial Services Authority Regulation is promulgated.

This extract is in accordance with the original Director of Legal Development Legal Department signed Aat Windradi

In order that everyone may know it, order the promulgation of this Financial Services Authority Regulation by placing it in the State Gazette of the Republic of Indonesia.

Established in Jakarta on 26 March 2025
CHAIRMAN OF THE BOARD OF COMMISSIONERS
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed
MAHENDRA SIREGAR

Promulgated in Jakarta on 27 March 2025
MINISTER OF LAW OF THE REPUBLIC OF INDONESIA, signed SUPRATMAN ANDI AGTAS

STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2025 NUMBER 13/OJK

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 7 OF 2025
CONCERNING
REPORTING BY COMMERCIAL BANKS AS CUSTODIANS

I. GENERAL
In carrying out its supervisory duties and functions, the Financial Services Authority regulates reporting obligations that must be submitted by the financial services industry to the Financial Services Authority as one of the efforts to achieve the goal of realizing orderly, fair, transparent, and accountable financial sector activities and realizing a financial system that grows sustainably and stably.

Along with the development and complexity of business in the financial services industry, there are institutional overlaps and cross-sector business processes, such as the banking supervision sector overlapping with the capital market supervision sector and the insurance supervision sector. This has the potential to cause overlapping regulatory provisions among supervision sectors, including regulations related to Custodian Bank reporting.

Reporting provisions located in various supervision sectors with diverse reporting media create the potential for inefficiency and redundancy in reporting by Custodian Banks to the Financial Services Authority. This is not in line with the Financial Services Authority's Destination Statement for 2022-2027, which contains the Financial Services Authority's attention to improving the quality of services and data management in an integrated and transparent manner.

Based on this, it is necessary to integrate the regulations on the obligation to submit Custodian Bank reports with further regulations in this Financial Services Authority Regulation.

II. ARTICLE BY ARTICLE

Article 1
Clear enough.

Article 2
Clear enough.

Article 3
Paragraph (1)
Example of submitting monthly reports to the Financial Services Authority:
Monthly reports for May 2026 must be submitted no later than June 15, 2026.

Paragraph (2)
Example of submitting annual reports which are the results of operational audits by Public Accountants to the Financial Services Authority:
Annual reports which are the results of operational audits by Public Accountants for the year 2025 must be submitted no later than March 31, 2026.

Paragraph (3)
Example of submitting annual reports which are the results of operational audits by Public Accountants for the first time in the following year:
If a Commercial Bank obtains approval as a Custodian on December 2, 2025, then the obligation to submit annual reports which are the results of operational audits by Public Accountants is carried out for the first time for the year 2026.

Example of submitting annual reports which are the results of operational audits by Public Accountants for the first time in the current year:
If a Commercial Bank obtains approval as a Custodian on November 28, 2025, then the obligation to submit annual reports which are the results of operational audits by Public Accountants is carried out for the first time for the year 2025.

Paragraph (4)
Clear enough.

Paragraph (5)
Clear enough.

Paragraph (6)
Clear enough.

Paragraph (7)
Clear enough.

Article 4
Clear enough.

Article 5
Clear enough.

Article 6
Clear enough.

Article 7
Paragraph (1)
Clear enough.

Paragraph (2)
Corrections can originate from findings by the Custodian Bank and/or findings by the Financial Services Authority.

Paragraph (3)
Example of the first submission of monthly reports offline to the Financial Services Authority:
If a Commercial Bank obtains approval as a Custodian on March 12, 2026, and only obtains user access rights on April 14, 2026, the monthly report for March 2026 must be submitted offline no later than April 15, 2026.

Paragraph (4)
What is meant by "capital market supervision department related to the Financial Services Authority" is a work unit in the capital market field that carries out supervision functions over Custodian Banks.

Paragraph (5)
Clearly stated.

Article 8
Paragraph (1)
What is meant by "technical disruption" is a disruption caused by technical problems that prevent the Party from submitting reports online, including damage and/or disruption to databases or communication networks at the Financial Services Authority.

Paragraph (2)
Clearly stated.

Paragraph (3)
Example of monthly report submission after notification from the Financial Services Authority that the technical disruption has been resolved:
The Financial Services Authority Reporting System experienced a technical disruption on June 15, 2026, which was the deadline for submitting the monthly report for May 2026. Subsequently, the Financial Services Authority announced that the system was operating normally again on June 17, 2026. The Custodian Bank submits the monthly report for May 2026 no later than 2 (two) subsequent working days, namely on June 19, 2026.

Paragraph (4)
What is meant by "force majeure" consists of natural disasters, non-natural disasters, and/or social disasters that disrupt the Party's operational activities, which are justified by officials of the competent local government agency.

Paragraph (5)
See the explanation of Article 7 Paragraph (4).

Article 9
Paragraph (1)
Requests from the Financial Services Authority for Periodic Reports and/or Incidental Reports are conducted via electronic mail.

Paragraph (2)
Clearly stated.

Article 10
Clearly stated.

Article 11
Paragraph (1)
Example of monthly report submission to the Financial Services Authority declared late:
The monthly report for May 2026 is submitted on June 16, 2026.

Paragraph (2)
Clearly stated.

Article 12
Paragraph (1)
What is meant by "input error" is an error in a single line of report input.
Example of input errors in monthly reports:
In the May 2026 monthly report, the Custodian Bank incorrectly reported:

1. "original currency value" and "nominal value" for security "X" at Company "A" (in one line); and
2. "interest rate value" for security "Y" at Company "B" (in one line).
   For the input errors on these 2 (two) lines, the Custodian Bank is subject to administrative sanctions in the form of a fine for input value errors in the May 2026 monthly report amounting to Rp 200,000.00 (two hundred thousand rupiah), which is Rp 100,000.00 (one hundred thousand rupiah) x 2 (two) lines.

Paragraph (2)
Clearly stated.

Paragraph (3)
Clearly stated.

Paragraph (4)
Clearly stated.

Paragraph (5)
Clearly stated.

Paragraph (6)
Clearly stated.

Article 13
Clearly stated.

Article 14
Clearly stated.

Article 15
Clearly stated.

Article 16
Certain actions include ordering the Custodian Bank to restrict certain activities.

Article 17
Clearly stated.

Article 18
Clearly stated.

Article 19
Clearly stated.

SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 143/OJK ---