OJK Regulation Number 3 of 2025 on the Management of Professional Certification Bodies in the Financial Services Sector

EXTRACT
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 3 OF 2025
CONCERNING
THE MANAGEMENT OF PROFESSIONAL CERTIFICATION BODIES IN THE FINANCIAL SERVICES SECTOR BY THE GRACE OF GOD THE ALMIGHTY, THE COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY, Considering:
a. that in light of the dynamic development of the needs of the financial services sector industry, as well as the institutional structure and governance of professional certification bodies in the financial services sector, strengthening is required through regulations on the legal entity form and competent management members of professional certification bodies; b. that to fulfill the application of good governance principles so that professional certification bodies operate efficiently, transparently, and accountably, and to ensure decisions are made reliably, monitoring and evaluation of professional certification bodies must be conducted to ensure compliance with statutory regulations;
c. that the Financial Services Authority Regulation Number 11/POJK.02/2021 concerning the Management of Professional Certification Bodies in the Financial Services Sector needs to be perfected to accommodate the development of the financial services sector, and therefore needs to be replaced;
d. that based on the considerations as referred to in letters a, b, and c, it is necessary to establish a Financial Services Authority Regulation concerning the Management of Professional Certification Bodies in the Financial Services Sector; Recalling:
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); DECIDES:
Establish: 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 defined:

1. Indonesian National Work Competency Standards, hereinafter abbreviated as SKKNI, are statements of work competency covering aspects of knowledge, skills, and/or expertise, as well as work attitudes relevant to the performance of tasks and job requirements established in accordance with statutory regulations.
2. Indonesian National Qualification Framework, hereinafter abbreviated as KKNI, is a framework for the hierarchical classification of competency qualifications that can align, equate, and integrate between the fields of education and work training, as well as work experience, in order to provide recognition of work competency in accordance with the job structure in various sectors.
3. National Professional Certification Agency, hereinafter abbreviated as BNSP, is an independent institution established to carry out work competency certification as referred to in Government Regulations concerning the National Professional Certification Agency.
4. Professional Certification Body, hereinafter abbreviated as LSP, is an institution that carries out professional certification activities that have met the requirements and obtained a license from a body or institution authorized to carry out work competency certification in accordance with statutory regulations.
5. Professional Certification is a certification activity aimed at recognizing competency and/or granting professional titles in the financial services sector, conducted systematically and objectively based on work competency standards in accordance with statutory regulations.
6. Certification Scheme is a package of competency and specific requirements related to a particular category of job or skills of an individual.
7. Financial Services Business Actor Association is an organization that oversees financial services business actors, supporting institutions in the financial services sector, and other financial services business actors, whether conducting business activities on a conventional basis or based on Sharia principles in accordance with statutory regulations in the financial services sector.
8. Financial Sector Professional Association is a professional organization that oversees professional practitioners or individuals engaged in work fields in the financial services sector.

Article 2
This Financial Services Authority Regulation is formulated with the purpose of:
a. strengthening the ecosystem of sustainable Professional Certification in the financial services sector through the application of SKKNI and KKNI in the implementation of Professional Certification through the LSP management mechanism; b. strengthening the application of LSP governance through monitoring and evaluation;
c. providing references and guidelines for LSPs in submitting recommendations and registration, as well as fulfilling obligations to the Financial Services Authority;
d. encouraging LSPs to conduct Professional Certification that aligns with the needs and latest developments of the financial services industry; and e. providing references and guidelines to the financial services industry in developing human resources through Professional Certification by LSPs that align with the needs of the financial services industry.

CHAPTER II
WORK COMPETENCY STANDARDS IN THE FINANCIAL SERVICES SECTOR
Article 3
Professional Certification in accordance with each respective field of work is implemented by referring to:
a. SKKNI formulated by the Financial Services Authority together with stakeholders and established by the Minister in charge of government affairs in the field of manpower; and b. KKNI formulated by the Financial Services Authority together with stakeholders and established by the Financial Services Authority.

Article 4
(1) SKKNI and KKNI are followed up by LSPs through the formulation of Certification Schemes in accordance with each respective professional field of work.
(2) In the event of updates to SKKNI and KKNI, LSPs are required to submit adjustments to the Certification Scheme within a maximum period of 6 (six) months from the date of the information letter establishing the latest KKNI from the Financial Services Authority to the LSP. (3) The Certification Scheme as referred to in paragraph (1) and paragraph (2) must obtain a recommendation from the Financial Services Authority before being verified by the BNSP. (4) In the event of adjustments to the Certification Scheme as referred to in paragraph (2) in the same field, the Certification Scheme is declared to take effect if there is a Certification Scheme that has obtained a license from the BNSP. (5) In the event that an LSP making adjustments to the Certification Scheme has not obtained a license from the BNSP, the LSP cannot conduct Professional Certification in the same field as referred to in paragraph (4) until it obtains a license for the adjustment of the Certification Scheme from the BNSP. (6) In the event that there is a Certification Scheme approved by the BNSP but the LSP is not yet registered with the Financial Services Authority, the Certification Scheme is declared to take effect after the LSP is registered with the Financial Services Authority. (7) LSPs that violate the provisions as referred to in paragraph (2) are subject to administrative sanctions in the form of a written reprimand. (8) Administrative sanctions in the form of a written reprimand as referred to in paragraph (7) are accompanied by a follow-up recommendation that must be implemented by the LSP within the time limit determined by the Financial Services Authority. (9) LSPs that do not implement the follow-up recommendation for administrative sanctions in the form of a written reprimand as referred to in paragraph (8) are subject to administrative sanctions in the form of cancellation of the Certification Scheme recommendation and/or cancellation of the registration mark. (10) The Financial Services Authority conveys information on the cancellation of the Certification Scheme recommendation and/or cancellation of the LSP registration mark as referred to in paragraph (9) to the BNSP. (11) The Financial Services Authority may announce the imposition of sanctions on LSPs on the Financial Services Authority website.

Article 5
(1) The Certification Scheme as referred to in Article 4 is developed in competency certification deepening materials.
(2) The competency certification deepening materials as referred to in paragraph (1) are formulated by the LSP in accordance with the development of science and best practices in the industry, as well as in accordance with statutory regulations.

CHAPTER III
LSP INSTITUTIONAL STRUCTURE
Section One
LSP Legal Entity Form
Article 6
(1) The legal entity form of an LSP is a limited liability company.
(2) In the event that an LSP is established by:
a. a State Ministry/Institution; b. another institution that is a government partner regulated specifically in statutory regulations; or
c. another institution established by a body under a State Ministry/Institution,
the legal entity form of the LSP may be other than a limited liability company as referred to in paragraph (1).

Section Two
Establishment and Ownership of LSP
Article 7
(1) LSPs are established and/or owned by:
a. 1 (one) Financial Services Business Actor Association recognized by the Financial Services Authority with an accumulated share ownership of at most 99.9% (ninety-nine point nine percent) or a combination of Financial Services Business Actor Associations recognized by the Financial Services Authority with an accumulated share ownership of at most 100% (one hundred percent); b. 1 (one) or a combination of Financial Services Business Actor Associations recognized by the Financial Services Authority together with 1 (one) or a combination of Financial Sector Professional Associations recognized by the Financial Services Authority, with a composition of accumulated share ownership of at least 50% (fifty percent) by 1 (one) or a combination of Financial Services Business Actor Associations and accumulated share ownership of at most 50% (fifty percent) by 1 (one) or a combination of Financial Sector Professional Associations;
c. a State Ministry/Institution with ownership of at most 100% (one hundred percent);
d. another institution that is a government partner regulated specifically in statutory regulations with ownership of at most 100% (one hundred percent); e. another institution established by a body under a State Ministry/Institution with ownership of at most 100% (one hundred percent); or f. a Self Regulatory Organization together with a Financial Services Business Actor Association recognized by the Financial Services Authority and/or a Financial Sector Professional Association with a composition of at least 51% (fifty-one percent) share ownership by the Self Regulatory Organization and at most 49% (forty-nine percent) share ownership by the Financial Services Business Actor Association and/or Financial Sector Professional Association. (2) LSPs as referred to in paragraph (1) may be owned by 1 (one) or more individual parties with an accumulated share ownership of all individual parties of at most 1% (one percent).

Section Three
LSP Management Organizational Structure
Article 8
(1) An LSP with a legal entity as referred to in Article 6 paragraph (1) has a management organizational structure consisting of at least:
a. 1 (one) director; and b. 1 (one) commissioner.
(2) The Director as referred to in paragraph (1) letter a has the authority and is fully responsible for:
a. managing the LSP for the interests of the LSP, including acting as the executor of the LSP; and b. representing the LSP, both inside and outside of court, in accordance with the provisions of the articles of association and other responsibilities in accordance with statutory regulations. (3) The Commissioner as referred to in paragraph (1) letter b has the authority and is responsible for conducting supervision over the operational activities of the LSP, including acting as an advisor to the LSP.

Article 9
(1) An LSP with a legal entity as referred to in Article 6 paragraph (2) may have a management organizational structure other than as referred to in Article 8 paragraph (1) as long as it does not conflict with statutory regulations. (2) The management organizational structure of the LSP as referred to in paragraph (1) has the same authority and responsibilities as the LSP organizational structure as referred to in Article 8 paragraph (2) and paragraph (3).

Article 10
(1) The Directors and Commissioners as referred to in Article 8 must have managerial work experience of at least 3 (three) years and have competency in the relevant financial services sector field, proven by:
a. curriculum vitae; b. competency certificates;
c. training certificates; and/or
d. other documents.
(2) The Director as referred to in Article 8 paragraph (2) and the implementing units below him/her must be independent and not hold concurrent positions as members of the board of directors or equivalent, members of the board of commissioners or equivalent, Sharia supervisory board, supervisors, experts, committees, and employees in the financial services industry or other institutions that are stated to be supervised by the Financial Services Authority in accordance with statutory regulations. (3) The term of office for the LSP management for directors and commissioners as referred to in Article 8 is at most 5 (five) years. (4) The Directors and Commissioners as referred to in Article 8 may be appointed again in the same position only for 1 (one) term of office as referred to in paragraph (3).

Article 11
Provisions regarding directors and commissioners as referred to in Article 10 apply mutatis mutandis to directors and commissioners in LSPs with a legal entity as referred to in Article 6 paragraph (2).

CHAPTER IV
ISSUANCE OF RECOMMENDATIONS
Article 12
(1) Prospective LSPs or LSPs submit applications for recommendation letters to the Financial Services Authority.
(2) The recommendation letter as referred to in paragraph (1) is a requirement for prospective LSPs or LSPs to obtain a license from the BNSP for:
a. the establishment of an LSP; or b. changes to the Certification Scheme, including changes to the scope of the Certification Scheme.

Article 13
In submitting an application for a recommendation letter as referred to in Article 12 paragraph (2) letter a, prospective LSPs must meet the criteria:
a. legal entity form as referred to in Article 6; b. establishment and ownership as referred to in Article 7;
c. management organizational structure as referred to in Article 8 or Article 9;
d. Certification Scheme as referred to in Article 4 that has been established by the Certification Scheme Committee; e. meeting the appreciation process by the BNSP; f. having supporting certification infrastructure of at least:

1. operational office;
2. competency testing venue; and
3. prospective assessors;
   g. having adequate supporting information systems for certification; h. having certification policies and procedures;
   i. having an internal control system and/or quality management system;
   j. having competency certification deepening materials as preparation materials for competency testing as referred to in Article 5; and k. having testing methods of at least interviews, portfolio tests, and written exams.

Article 14
(1) In submitting an application for a recommendation letter as referred to in Article 12 paragraph (2) letter b, LSPs must meet:
a. the criteria as referred to in Article 13; and b. the Certification Scheme as referred to in Article 4 to be changed and/or added.
(2) Fulfillment of the criteria as referred to in paragraph (1) letter a is exempted for LSPs that have already been registered with the Financial Services Authority.

Article 15
(1) In submitting an application for a recommendation letter as referred to in Article 13, prospective LSPs must attach documents:
a. copies of documents approving the legal entity status from the competent government agency; b. copies of proof of establishment and ownership of the LSP;
c. copies of the LSP articles of association along with the latest amendments;
d. organizational profile and management organizational structure of the LSP signed by the director; e. latest curriculum vitae of the LSP management and supporting documents; f. documents of the LSP Certification Scheme that have been established by the LSP Certification Scheme Committee; g. documents of the list of the Certification Scheme Committee along with the latest curriculum vitae and competency certificates in the relevant field; h. copies of letters of certification of fulfillment of the appreciation process by the BNSP;
i. copies of proof of ownership or power of use over the operational office and competency testing venue;
j. documents of the list of prospective assessors along with the latest curriculum vitae and competency certificates in the relevant field; k. documents of adequate information systems for implementing certification;
l. documents of certification policies and procedures;
m. documents of the internal control system and/or quality management system; n. competency certification deepening materials as preparation materials for competency testing as referred to in Article 5; o. documents of information on testing methods of at least interviews, portfolio tests, and written exams; and p. other documents supporting the requirements. (2) In submitting an application for a recommendation letter as referred to in Article 14, LSPs must attach:
a. documents as referred to in paragraph (1); b. documents of changes and/or additions to the LSP Certification Scheme; and
c. other documents supporting the requirements.

Article 16
(1) The Financial Services Authority provides approval/rejection of the LSP recommendation letter application within a maximum of 20 (twenty) working days from the date the application documents for the recommendation letter as required as referred to in Article 15 are declared complete. (2) In the event that the application documents for the recommendation letter do not meet the requirements as referred to in Article 15, 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) LSPs that do not submit fulfillment of the required documents within the time limit as referred to in paragraph (2) are deemed to have canceled the application for the recommendation letter. (4) In the event that an LSP as referred to in paragraph (3) submits an application for a recommendation letter again to the Financial Services Authority, the LSP must submit the application for the recommendation letter again accompanied by the document requirements as referred to in Article 15. (5) The Financial Services Authority publishes LSPs that have obtained recommendations from the Financial Services Authority as referred to in paragraph (1) on the Financial Services Authority website.

Article 17
(1) The recommendation letter issued by the Financial Services Authority is valid for 6 (six) months from the date of recommendation approval as referred to in Article 16 paragraph (1). (2) LSPs that do not submit applications for LSP establishment licenses and/or approval of changes to the Certification Scheme, including changes to the scope of the Certification Scheme, within the time limit as referred to in paragraph (1) to the BNSP, the recommendation letter issued by the Financial Services Authority becomes invalid. (3) LSPs that have obtained licenses from the BNSP for the establishment of LSPs and/or approval of changes to the Certification Scheme, including changes to the scope of the Certification Scheme, must report license information to the Financial Services Authority within a maximum of 5 (five) working days from the date of receipt of the license approval notification information letter.

CHAPTER V
LSP REGISTRATION
Article 18
(1) Professional Certification Programs in the financial services sector are implemented by LSPs registered with the Financial Services Authority.
(2) LSPs registered as referred to in paragraph (1) have a registration certificate from the Financial Services Authority.

Article 19
(1) To obtain the registration certificate as referred to in Article 18 paragraph (2), LSPs submit registration applications to the Financial Services Authority.
(2) In submitting a registration application as referred to in paragraph (1), LSPs must meet the criteria:
a. having a valid license from the BNSP with the scope of the Certification Scheme as referred to in Article 4; and b. having a Certification Scheme as referred to in Article 4 that has been verified by the BNSP. (3) In submitting a registration application as referred to in paragraph (1), LSPs must attach documents:
a. copies of proof of licenses issued by the BNSP that are still valid; b. copies of documents approving the legal entity status from the competent government agency;
c. copies of proof of establishment and ownership of the LSP;
d. copies of the LSP articles of association along with the latest amendments; e. management organizational structure of the LSP signed by the director; f. latest curriculum vitae of the LSP management and supporting documents; g. documents of the Certification Scheme, changes to the Certification Scheme, and/or additions to the Certification Scheme that have been verified by the BNSP; h. documents of supporting information systems for certification;
i. documents of certification policies and procedures;
j. documents of the internal control system and/or quality management system; k. certification manuals containing competency certification guidelines including summaries of certification materials as referred to in Article 5; and
l. documents of information on testing methods of at least interviews, portfolio tests, and written exams; and
m. other documents supporting the requirements.

Article 20
(1) The Financial Services Authority issues a registration certificate for the LSP registration application within a maximum of 20 (twenty) working days from the date the application documents for registration as required as referred to in Article 19 paragraph (3) are declared complete. (2) In the event that the application documents for registration do not meet the requirements as referred to in Article 19 paragraph (3), 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) LSPs that do not submit fulfillment of the required documents within the time limit as referred to in paragraph (2) are deemed to have canceled the application for registration. (4) In the event that an LSP as referred to in paragraph (3) submits a registration application again to the Financial Services Authority, the LSP must submit the registration application again accompanied by the document requirements as referred to in Article 19. (5) In the event of force majeure, the time limit as referred to in paragraph (2) may be extended based on approval from the Financial Services Authority. (6) The Financial Services Authority publishes the names of LSPs registered with the Financial Services Authority as referred to in paragraph (1) on the Financial Services Authority website.

CHAPTER VI
LSP OBLIGATIONS AND PROHIBITIONS
Article 21
LSPs registered with the Financial Services Authority are obligated to:
a. conduct Professional Certification activities sustainably in the financial services sector in accordance with the validity period of the license issued by the BNSP and in accordance with the scope of the Certification Scheme as recommended by the Financial Services Authority; b. apply good governance;
c. have assessors and supporting certification infrastructure of at least an operational office, competency testing venue, and supporting information systems for certification;
https://jdih.ojk.go.id/

d. submit periodic and incidental reports to the Financial Services Authority; e. make adjustments to the Certification Scheme in accordance with the latest National Competency Standards (SKKNI) as referred to in Article 3 letter a and the latest National Qualifications Framework (KKNI) as referred to in Article 3 letter b through submitting a recommendation request as referred to in Article 12 paragraph (2) no later than 6 (six) months from the date of the information letter regarding the determination of the latest KKNI from the Financial Services Authority to the LSP; f. issue work competence certificates in the financial services sector based on the results of competence tests; and g. update information regarding certification programs and other latest information related to the LSP on the official website of each respective LSP.

Article 22
The application of good governance as referred to in Article 21 letter b includes at least:
a. having policies and procedures; b. ensuring adequate supporting information systems for certification;
c. having a compliance function that can be combined with the quality management function; and
d. having an internal control system or quality management system.

Article 23
(1) Periodic reports as referred to in Article 21 letter d include:
a. certification implementation reports submitted every quarter no later than the end of the following month; and b. audited annual financial reports no later than April 30 of the following year. (2) Certification implementation reports must contain at least:
a. the number of participants; b. the list of participant names;
c. the date of implementation;
d. the location of the competence test; e. the results of the competence test; f. work competence certificates; and g. the list of assessors.
(3) Incidental reports as referred to in Article 21 letter d include:
a. changes in ownership and management, no later than 5 (five) working days from the date of determination by the LSP; b. changes in scope, extension, suspension, and revocation of licenses no later than 5 (five) working days from the date of notification received from BNSP; and
c. other changes made by the LSP, no later than 5 (five) working days from the date of determination by the LSP.

https://jdih.ojk.go.id/

Article 24
(1) In certain conditions, the Financial Services Authority may request other data related to institutional matters and the development of LSP certification implementation, including supporting documents. (2) Other data as referred to in paragraph (1) must be submitted by the LSP to the Financial Services Authority no later than 10 (ten) working days from the date of receipt of the data request letter from the Financial Services Authority.

Article 25
(1) If the deadline for submitting periodic reports, incidental reports, and other data as referred to in Article 23 and Article 24 falls on a holiday, the update of periodic reports, incidental reports, and other data must be submitted no later than 1 (one) working day thereafter. (2) In the event of force majeure, the time limit as referred to in Article 23 and Article 24 may be extended based on approval from the Financial Services Authority.

Article 26
(1) The submission of periodic reports, incidental reports, and other data as referred to in Article 23 and Article 24 is conducted through an electronic system.
(2) In the event that the electronic system as referred to in paragraph (1) is not yet available or experiences a disruption, the submission of periodic reports, incidental reports, and other data as referred to in Article 23 and Article 24 is conducted manually.

Article 27
LSPs registered with the Financial Services Authority are prohibited from:
a. conducting certification training/preparation programs, and training activities in any form; and b. holding share ownership or making capital contributions to training institutions.

Article 28
(1) LSPs that violate the provisions as referred to in Article 21, Article 24 paragraph (2), and Article 27 are subject to administrative sanctions in the form of written reprimands. (2) Administrative sanctions in the form of written reprimands as referred to in paragraph (1) are accompanied by follow-up recommendations that must be implemented by the LSP within the time limit determined by the Financial Services Authority. (3) LSPs that do not implement follow-up recommendations for administrative sanctions in the form of written reprimands as referred to in paragraph (2) are subject to administrative sanctions in the form of cancellation of Certification Scheme recommendations and/or cancellation of the registered status sign.

https://jdih.ojk.go.id/

(4) The Financial Services Authority submits information regarding the cancellation of Certification Scheme recommendations and/or cancellation of the LSP's registered status sign as referred to in paragraph (3) to BNSP. (5) The Financial Services Authority may announce the imposition of sanctions on LSPs on the Financial Services Authority's website.

CHAPTER VII
MONITORING AND EVALUATION OF LSP

Article 29
(1) The Financial Services Authority conducts monitoring and evaluation of the fulfillment of obligations and performance of LSPs registered with the Financial Services Authority as referred to in Article 20 paragraph (1). (2) In conducting monitoring and evaluation as referred to in paragraph (1), the Financial Services Authority may cooperate with BNSP. (3) Monitoring and evaluation as referred to in paragraph (1) may be conducted at the Financial Services Authority's office, outside the Financial Services Authority's office, and/or at the LSP's office. (4) Monitoring and evaluation as referred to in paragraph (1) is implemented based on:
a. the submission of periodic reports, incidental reports, and other data as referred to in Article 23 and Article 24; b. findings from BNSP surveillance results; and/or
c. the Financial Services Authority's needs regarding LSP performance.
(5) The Financial Services Authority may provide recommendations based on the results of monitoring and evaluation as referred to in paragraph (4).
(6) LSPs must follow up on recommendations resulting from monitoring and evaluation within the time limit determined by the Financial Services Authority.
(7) Progress reports on the follow-up of recommendations resulting from monitoring and evaluation as referred to in paragraph (6) are submitted to the Financial Services Authority periodically according to the time determined. (8) LSPs that violate the provisions as referred to in paragraph (6) are subject to administrative sanctions in the form of written reprimands. (9) Administrative sanctions in the form of written reprimands as referred to in paragraph (8) are accompanied by follow-up recommendations that must be implemented by the LSP within the time limit determined by the Financial Services Authority. (10) LSPs that do not implement follow-up recommendations for administrative sanctions in the form of written reprimands as referred to in paragraph (9) are subject to administrative sanctions in the form of cancellation of Certification Scheme recommendations and/or cancellation of the registered status sign. (11) The Financial Services Authority submits information regarding the cancellation of Certification Scheme recommendations and/or

https://jdih.ojk.go.id/

cancellation of the LSP's registered status sign as referred to in paragraph (10) to BNSP.
(12) The Financial Services Authority may announce the imposition of sanctions on LSPs on the Financial Services Authority's website.

CHAPTER VIII
OTHER PROVISIONS

Article 30
The Financial Services Authority may coordinate with relevant agencies for the management of LSPs.

Article 31
The Financial Services Authority may determine the cancellation of an LSP's registered status sign based on:
a. a request for cancellation of the registered status sign from the LSP; or b. the revocation of the license by BNSP.

Article 32
In the event that an LSP receives sanctions in the form of license suspension from BNSP, the Financial Services Authority imposes sanctions in the form of suspension of the registered status sign on the LSP.

Article 33
The Financial Services Authority may, based on certain considerations, provide policies that differ from this Financial Services Authority Regulation.

CHAPTER IX
TRANSITIONAL PROVISIONS

Article 34
(1) LSPs that already have a registered status sign from the Financial Services Authority as referred to in Article 18 before this Financial Services Authority Regulation takes effect:
a. must adjust to the fulfillment of provisions:
1) the legal form of the LSP as referred to in Article 6;
2) ownership as referred to in Article 7; and
3) the organizational structure of management as referred to in Article 8 or Article 9,
no later than 3 (three) years from the enactment of this Financial Services Authority Regulation; b. must adjust testing methods to include at least interviews, portfolio tests, and written exams no later than 2 (two) years from the enactment of this Financial Services Authority Regulation; and
c. must have certification deepening material books as preparation materials for competence tests no later than 1 (one) year from the enactment of this Financial Services Authority Regulation.
(2) Work competence certificates issued by LSPs before the effectiveness of this Financial Services Authority Regulation are declared valid until the validity period of the work competence certificates expires. (3) In the event that LSPs registered with the Financial Services Authority do not implement the provisions as referred to in paragraph (1), the registered status sign and all Certification Scheme recommendations are declared void and invalid.

Article 35
(1) LSPs that have received recommendations for the establishment of LSPs and changes to Certification Schemes before the effectiveness of this Financial Services Authority Regulation and have not yet passed the end of the recommendation letter period as regulated in Financial Services Authority Regulation Number 11/POJK.02/2021 on the Management of Certification Bodies in the Financial Services Sector, may continue to submit license approval requests in accordance with the provisions of applicable legislation. (2) For LSPs:
a. who have submitted LSP recommendation requests; or b. who have submitted LSP registration requests, before the effectiveness of this Financial Services Authority Regulation, remain processed in accordance with Financial Services Authority Regulation Number 11/POJK.02/2021 on the Management of Certification Bodies in the Financial Services Sector.

CHAPTER X
CLOSING PROVISIONS

Article 36
At the time this Financial Services Authority Regulation takes effect, Financial Services Authority Regulation Number 11/POJK.02/2021 on the Management of Certification Bodies in the Financial Services Sector (State Gazette of the Republic of Indonesia Year 2021 Number 152, Supplement to the State Gazette of the Republic of Indonesia Number 6696) is repealed and declared invalid.

Article 37
This Financial Services Authority Regulation takes effect on the date of enactment.

https://jdih.ojk.go.id/

This copy is consistent with the original
Director of Legal Development
Legal Department signed
Aat Windradi

For everyone to know, ordering the enactment of this Financial Services Authority Regulation by placing it in the State Gazette of the Republic of Indonesia.

Established in Jakarta on February 6, 2025
CHAIRMAN OF THE COMMISSIONERS
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed
MAHENDRA SIREGAR

Enacted in Jakarta on February 20, 2025
MINISTER OF LAW OF THE REPUBLIC OF INDONESIA, signed SUPRATMAN ANDI AGTAS

STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2025 NUMBER 7/OJK https://jdih.ojk.go.id/

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 3 OF 2025
ABOUT
THE MANAGEMENT OF PROFESSIONAL CERTIFICATION BODIES IN THE FINANCIAL SERVICES SECTOR

I. GENERAL
To realize sustainable, stable, and contributive financial institutions, competent and innovative human resources are needed. One effort made to enhance this competence is by formulating the standardization of competence required for human resources in the financial services sector. The Financial Services Authority is interested in encouraging the application of competence standardization through the regulation of certification obligations for specific positions/professions in the financial services sector. The fulfillment of these certification obligations is obtained through Professional Certification referring to the National Competency Standards (SKKNI) established by the Ministry of Manpower of the Republic of Indonesia and the 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 suitability and eligibility criteria required by the Financial Services Authority to become managers, expert professions, or managerial positions in financial institutions. In line with applicable laws and the development of human resource needs through Professional Certification, it is necessary to harmonize regulations aimed at systematically managing LSPs. Furthermore, to ensure the application of LSP governance in implementing certification in the financial services sector and guarantee the availability of adequate LSPs to encourage the strengthening of the certification implementation ecosystem in a sustainable, high-quality, and independent manner, particularly in the financial services sector, it is necessary to conduct monitoring and evaluation of LSPs.

The Financial Services Authority has issued Financial Services Authority Regulation Number 11/POJK.02/2021 on the Management of Professional Certification Bodies in the Financial Services Sector. The aforementioned Financial Services Authority Regulation aims to support the implementation of certification in the financial services sector continuously and according to needs. However, in its implementation, the aforementioned regulation still needs to be perfected to optimize LSP management so that it can support certification implementation. The aforementioned management process will become more comprehensive through the mechanism of providing recommendations for LSPs who will apply for licenses to BNSP and providing registered status letters at the Financial Services Authority, as well as monitoring and evaluation of LSPs that have been registered with the Financial Services Authority. Based on the above, it is necessary to replace Financial Services Authority Regulation Number 11/POJK.02/2021 on the Management of Professional Certification Bodies in the Financial Services Sector through the enactment of this Financial Services Authority Regulation.

II. ARTICLE BY ARTICLE
Article 1
Sufficiently clear.

Article 2
Letter a
Sufficiently clear.
Letter b
Sufficiently clear.
Letter c
Sufficiently clear.
Letter d
Sufficiently clear.
Letter e
Human resource development through Professional Certification is conducted to face the free trade market and technological development, as well as to build a stable, contributive, and inclusive financial services sector.

Article 3
Letter a
Stakeholders include State Ministries/Agencies, Financial Sector Business Associations, Financial Sector Professional Associations, LSPs, educational institutions, training institutions, academics, and practitioners in the financial services sector. Letter b KKNI that has been established is submitted via letter and is included on the Financial Services Authority's website.

Article 4
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.

Paragraph (3)
Sufficiently clear.
Paragraph (4)
Sufficiently clear.
Paragraph (5)
Sufficiently clear.
Paragraph (6)
Sufficiently clear.
Paragraph (7)
Sufficiently clear.
Paragraph (8)
What is meant by "follow-up recommendation" is improvement recommendations for violations that result in the imposition of written reprimand sanctions until the time limit determined in the written reprimand letter from the Financial Services Authority is received by the LSP. Paragraph (9) Sufficiently clear. Paragraph (10) Sufficiently clear. Paragraph (11) Sufficiently clear.

Article 5
Sufficiently clear.

Article 6
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Legal forms other than limited liability companies include Foundations or Associations.
Letter a
Sufficiently clear.
Letter b
Other institutions that are government partners regulated specifically in applicable laws include the Indonesian Ulema Council (Majelis Ulama Indonesia) which is a partner of the Ministry of Religious Affairs. Letter c Sufficiently clear.

Article 7
Paragraph (1)
Letter a
What is meant by "recognized by the Financial Services Authority" is Financial Sector Business Associations that have obtained recognition status or other statuses that can be equated with recognition from the Financial Services Authority. Letter b Sufficiently clear. Letter c Sufficiently clear.

Letter d
Sufficiently clear.
Letter e
Sufficiently clear.
Letter f
Self Regulatory Organizations include Stock Exchanges, Clearing and Guarantee Institutions (LKP), and Settlement and Custody Institutions (LPP) in accordance with applicable laws. Paragraph (2) Sufficiently clear.

Article 8
Sufficiently clear.

Article 9
Sufficiently clear.

Article 10
Paragraph (1)
Sufficiently clear.
Paragraph (2)
What is meant by "subordinate implementing elements" are managers and implementing staff.
What is meant by "financial services industry" is financial institutions, supporting institutions, and other institutions supervised by the Financial Services Authority in accordance with applicable laws. Paragraph (3) Sufficiently clear. Paragraph (4) Sufficiently clear.

Article 11
Sufficiently clear.

Article 12
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) Letter a Sufficiently clear. Letter b What is meant by "changes to the Certification Scheme" is changes to the Certification Scheme that the LSP currently possesses and is still valid based on BNSP licenses. What is meant by "changes to the scope of the Certification Scheme" is the addition of new Certification Schemes.

Article 13
Letter a
Sufficiently clear.
Letter b
Sufficiently clear.
Letter c
Sufficiently clear.
Letter d
What is meant by "Certification Scheme Committee" is a committee formed by the LSP that executes the task of determining the Certification Scheme.
Letter e
Sufficiently clear.
Letter f
Sufficiently clear.
Letter g
Adequate supporting information systems for certification include official websites and data management administration systems for certification.
Certification data includes among others the number of participants, participant profile lists, implementation dates, competence test locations, competence test results, work competence certificates, and lists of assessors. Letter h Sufficiently clear. Letter i Sufficiently clear. Letter j Sufficiently clear. Letter k Sufficiently clear.

Article 14
Sufficiently clear.

Article 15
Sufficiently clear.

Article 16
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Sufficiently clear.
Paragraph (5)
Force majeure includes natural disasters, war, and/or government policies.

Article 17
Sufficiently clear.

Article 18
Sufficiently clear.

Article 19
Paragraph (1)
Registration requests are submitted 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
What is meant by "proof of license" is BNSP license decision letters and license certificates.
Letter b
Sufficiently clear.
Letter c
Sufficiently clear.
Letter d
Sufficiently clear.
Letter e
Sufficiently clear.
Letter f
Sufficiently clear.
Letter g
Sufficiently clear.
Letter h
Sufficiently clear.
Letter i
Sufficiently clear.
Letter j
Sufficiently clear.
Letter k
Sufficiently clear.
Letter l
Sufficiently clear.
Letter m
Sufficiently clear.

Article 20
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Sufficiently clear.
Paragraph (5)
See the explanation of Article 16 paragraph (5).
Paragraph (6)
Sufficiently clear.

Article 21
Letter a
What is meant by "continuously" is conducting certification activities continuously every year.
Letter b
Sufficiently clear.
Letter c
Sufficiently clear.
Letter d
Sufficiently clear.
Letter e
Sufficiently clear.
Letter f
Sufficiently clear.
Letter g
Sufficiently clear.

Article 22
Letter a
What is meant by "policies and procedures" are policies and procedures related to the planning, implementation, and evaluation of certification.
Letter b
See the explanation of Article 13 letter g.
Letter c
What is meant by "compliance function" is a function that executes a series of preventive (ex-ante) actions or steps to ensure that LSP policies, regulations, systems, procedures, and operational activities have complied with the Financial Services Authority's regulations and applicable laws, as well as ensuring LSP's compliance with commitments made by the LSP to the Financial Services Authority and/or other competent supervisory authorities. Letter d What is meant by "internal control system or quality management system" is a series of policies, procedures, and actions designed to ensure operational effectiveness and efficiency, financial reporting reliability, and compliance with laws and applicable regulations.

Article 23
Paragraph (1)
Letter a
Sufficiently clear.
Letter b
What is meant by "audited annual financial reports" are financial reports from the previous year that have been audited by a Public Accountant Office (KAP) registered with the Financial Services Authority in accordance with applicable laws.

Paragraph (2)
Sufficiently clear.

Paragraph (3)
Incidental reports are institutional update reports along with supporting documents, when there are institutional changes/updates.
Letter a
Sufficiently clear.
Letter b
Sufficiently clear.
Letter c
Other changes include changes to the LSP name and operational office address.

Article 24
Paragraph (1)
Certain conditions include the need for human resource mapping and the Financial Services Authority is developing specific industrial sectors.
Paragraph (2)
Other data related to the development of certification implementation includes among others participant competence test evaluation documents, competence test material documents, policy and procedure documents, and certification activity planning and evaluation documents.

Article 25
Paragraph (1)
Sufficiently clear.
Paragraph (2)
See the explanation of Article 16 paragraph (5).

Article 26
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Disruptions include system disruptions caused by force majeure or network and/or application system problems.
Manually includes submission via printed documents or electronic mail facilities.

Article 27
Letter a
Training activities include seminars, workshops, and focus group discussions.
Letter b
Sufficiently clear.

Article 28
Paragraph (1)
Examples of violations:

1. LSP A receives recommendations for 5 (five) Certification Schemes. Sanctions are imposed if LSP A does not implement certification continuously for 12 (twelve) consecutive months for all the aforementioned Certification Schemes. If LSP only implements 3 (three) of the 5 (five) Certification Schemes, then LSP is not considered to have committed a violation.
2. Example of not submitting periodic reports, namely quarterly certification implementation reports as follows:
   In the year 2024, if LSP does not submit certification implementation to the Financial Services Authority by April 31, 2024, then the Financial Services Authority will issue a written reprimand letter to the LSP on May 1, 2024.
3. Example of not submitting incidental reports as follows:
   In the year 2024, if LSP has determined new management on January 11, 2024, but LSP does not submit an institutional update report regarding the aforementioned management to the Financial Services Authority by January 25, 2024, then the Financial Services Authority will issue a written reprimand letter on January 26, 2024. Paragraph (2) See the Explanation of Article 4 paragraph (8). Paragraph (3) Example:
   In the year 2024, if LSP has received written reprimand sanctions on January 19, 2024, for not submitting an institutional update report regarding management changes, and LSP is given 5 (five) working days to submit the institutional update report regarding the aforementioned management. However, LSP does not submit the institutional data update report by January 26, 2024, then the Financial Services Authority will impose administrative sanctions in the form of cancellation of Certification Scheme recommendations and/or cancellation of the LSP's registered status sign at the Financial Services Authority. Paragraph (4) Sufficiently clear. Paragraph (5) Sufficiently clear.

Article 29
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Example of monitoring and evaluation implementation cooperating with BNSP regarding certification methodology.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Sufficiently clear.
Paragraph (5)
Sufficiently clear.
Paragraph (6)
Sufficiently clear.

Paragraph (7)
Progress reports on the implementation of recommendations based on the results of monitoring and evaluation are submitted through the work unit that carries out the function of developing the competence of human resources in the financial services sector.

Paragraph (8)
Sufficiently clear.

Paragraph (9)
See the explanation of Article 4 paragraph (8).

Paragraph (10)
Sufficiently clear.

Paragraph (11)
Sufficiently clear.

Paragraph (12)
Sufficiently clear.

Article 30
Relevant agencies include, among others, the National Competency Certification Agency (BNSP) and the Ministry of Manpower of the Republic of Indonesia.

Article 31
Sufficiently clear.

Article 32
Sufficiently clear.

Article 33
Specific considerations related to the analysis and results of the monitoring and evaluation by the Financial Services Authority (OJK) for the continuity of the competency certification program in the financial services sector, while still observing the principle of prudence.

Article 34
Sufficiently clear.

Article 35
Sufficiently clear.

Article 36
Sufficiently clear.

Article 37
Sufficiently clear.

SUPPLEMENT TO THE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 137/OJK ---