Regulatory Alerts2025-02-20
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OJK Regulation Number 3 of 2025 on the Management of Professional Certification Bodies in the Financial Services Sector
The Financial Services Authority (OJK) issued Regulation Number 3 of 2025 to strengthen the governance and operational framework of Professional Certification Bodies (LSP) in Indonesia's financial services sector. This regulation mandates the application of national competency standards, establishes rigorous procedures for LSP recommendation and registration, and introduces comprehensive monitoring, evaluation, and administrative sanction mechanisms. It repeals the previous Regulation Number 11/POJK.02/2021 and sets specific transition periods for existing LSPs to align their organizational structures, testing methods, and training materials with the new requirements.
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