OJK Regulation Number 6 of 2025 on Mutual Fund Sales Agent Reports

EXTRACT
FINANCIAL SERVICES AUTHORITY REGULATION
OF THE REPUBLIC OF INDONESIA
NUMBER 6 OF 2025
ON
MUTUAL FUND SALES AGENT REPORTS
BY THE GRACE OF GOD THE ALMIGHTY
THE COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY,

Considering:
a. that in order to improve the quality of service and data processing in an integrated and transparent manner, it is necessary to adjust the reporting regulations for mutual fund sales agents; b. that in order to improve the efficiency and effectiveness of the submission of information presented in the mutual fund sales agent reports, it is necessary to simplify the number of mutual fund sales agent reports submitted to the Financial Services Authority;
c. that based on the considerations as referred to in letters a and b, it is necessary to establish a Financial Services Authority Regulation on Mutual Fund Sales Agent Reports;

Recalling:

1. Law Number 8 of 1995 on 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 on 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 on 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 on 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:
To establish:
FINANCIAL SERVICES AUTHORITY REGULATION ON MUTUAL FUND SALES AGENT REPORTS.

CHAPTER I
GENERAL PROVISIONS

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

1. Mutual Fund Sales Agent is a party that sells mutual fund securities based on a cooperation contract with the investment manager managing the mutual funds.
2. Periodic Report is a report prepared by the Mutual Fund Sales Agent for the benefit of the Financial Services Authority for a certain period.
3. Financial Services Authority Reporting System is an information system used as a medium for submitting reports online by the Mutual Fund Sales Agent to the Financial Services Authority.
4. Party is an individual, legal entity, company, joint venture, association, or organized group.

CHAPTER II
PERIODIC REPORTS

Article 2
(1) Mutual Fund Sales Agents are required to submit Periodic Reports to the Financial Services Authority completely, accurately, currently, and on time.
(2) The Periodic Reports as referred to in paragraph (1) include:
a. annual reports; and b. monthly reports.

Article 3
(1) Mutual Fund Sales Agents are required to submit the annual report as referred to in Article 2 paragraph (2) letter a, which contains the activity plan for the current year, to the Financial Services Authority no later than January 15 of the current year in accordance with the format of the activity plan for the current year. (2) Mutual Fund Sales Agents are required to submit the monthly report as referred to in Article 2 paragraph (2) letter b to the Financial Services Authority no later than the 15th (fifteenth) of the following month. (3) The monthly report as referred to in Article 2 paragraph (2) letter b must contain:
a. information on the activities of the Mutual Fund Sales Agent at each office and/or sales outlet in accordance with the format of the Mutual Fund Sales Agent activity report; and b. a recapitulation list of mutual fund customer complaints and their handling in accordance with the format of the customer complaint recapitulation report. (4) The format of the annual report as referred to in paragraph (1) and the format of the monthly report as referred to in paragraph (3) are established by the Financial Services Authority.

Article 4
In the event that the deadline for submitting the Periodic Report as referred to in Article 3 paragraph (1) and paragraph (2) falls on a holiday, the Mutual Fund Sales Agent is required to submit the Periodic Report on the next working day.

Article 5
The Mutual Fund Sales Agent is deemed to have submitted the Periodic Report on the date the Periodic Report is 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), and paragraph (3), and Article 4, shall be subject to administrative sanctions. (2) Sanctions as referred to in paragraph (1) shall also be imposed on any Party that causes the violation as referred to in paragraph (1). (3) Sanctions as referred to in paragraph (1) and paragraph (2) are imposed by the Financial Services Authority. (4) Sanctions as referred to in paragraph (1) include:
a. written warning; b. fine, namely the obligation to pay a certain amount of money;
c. restriction of business activities;
d. suspension of business activities; e. revocation of business license; f. cancellation of approval; and/or g. cancellation of registration.
(5) Administrative sanctions as referred to in paragraph (4) letters b, c, d, e, f, or g, may be imposed with or without prior imposition of an administrative sanction in the form of a written warning as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of a fine 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) letters c, d, e, f, or g. (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) Mutual Fund Sales Agents are required to submit the Periodic Report as referred to in Article 2 online through the Financial Services Authority Reporting System.
(2) Mutual Fund Sales Agents are required to submit corrections for errors in information in the Periodic Report as referred to in paragraph (1) online through the Financial Services Authority Reporting System. (3) In the event that a Mutual Fund Sales Agent has newly obtained a record letter, registration certificate, or business license from the Financial Services Authority and has not yet obtained user access rights for submitting reports online through the Financial Services Authority Reporting System, the Mutual Fund Sales Agent is required to submit the first monthly report offline to the Financial Services Authority. (4) The monthly report 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 that there are corrections to the Periodic Report based on findings by the Mutual Fund Sales Agent, the Mutual Fund Sales Agent is required to submit a written notice regarding the report correction to the relevant capital market supervision department at the Financial Services Authority before submitting the correction for errors in information in the Periodic Report 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 submitting the Periodic Report so that the Mutual Fund Sales Agent cannot submit the Periodic Report, the Financial Services Authority notifies the Mutual Fund Sales Agent in writing and delivers it:
a. directly to the Mutual Fund Sales Agent; b. through the Financial Services Authority Reporting System;
c. through the email address of the Financial Services Authority; and/or
d. through the website of the Financial Services Authority.
(2) The Financial Services Authority notifies the Mutual Fund Sales Agent that the technical disruption and/or system development at the Financial Services Authority as referred to in paragraph (1) has been resolved through:
a. the Financial Services Authority Reporting System; and/or b. the email address of the Financial Services Authority.
(3) Mutual Fund Sales Agents are required to submit the Periodic Report no later than 2 (two) working days after the Financial Services Authority notifies that the technical disruption and/or system development at the Financial Services Authority as referred to in paragraph (1) has been resolved. (4) In the event that a Mutual Fund Sales Agent experiences a force majeure situation so that they cannot submit the Periodic Report until the submission deadline, the Mutual Fund Sales Agent is required to submit a written notice to the Financial Services Authority to obtain a postponement of the Periodic Report submission deadline no later than 1 (one) working day since the occurrence of the aforementioned force majeure situation. (5) Mutual Fund Sales Agents are required to submit a notice regarding the force majeure situation as referred to in paragraph (4) to the relevant capital market supervision department at the Financial Services Authority:
a. through the email address of the Financial Services Authority; and/or b. offline.

Article 9
(1) In the event that there is damage to the Periodic Report due to technical disruptions or other disruptions in the Financial Services Authority Reporting System, the Financial Services Authority may request the Mutual Fund Sales Agent to resubmit the Periodic Report. (2) Mutual Fund Sales Agents resubmit the Periodic Report 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) Mutual Fund Sales Agents are deemed to have submitted the Periodic Report late, in the event that the submission of the Periodic Report exceeds the deadline as referred to in Article 3 paragraph (1) and paragraph (2). (2) Late submission of the Periodic Report as referred to in paragraph (1) is subject to administrative sanctions in the form of a fine to the Mutual Fund Sales Agent in accordance with the Financial Services Authority Regulation regarding the conduct of activities in the field of capital markets.

Article 12
(1) Errors in information submitted in the Periodic Report as referred to in Article 2 paragraph (1) based on findings by the Financial Services Authority or the Mutual Fund Sales Agent are subject to administrative sanctions in the form of a fine of Rp100,000.00 (one hundred thousand rupiah) per entry error and at most Rp10,000,000.00 (ten million rupiah) per Periodic Report. (2) In the event that there are entry errors in the Periodic Report 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 a fine shall not be imposed on other entry errors in the same report and/or other reports.
(3) Mutual Fund Sales Agents who have been subject to administrative sanctions in the form of a fine as referred to in paragraph (1) remain required to submit corrections to the Periodic Report. (4) Corrections to the Periodic Report as referred to in paragraph (3) must be submitted to the Financial Services Authority no later than 5 (five) days from the date of the request for correction of the Periodic Report from the Financial Services Authority. (5) Mutual Fund Sales Agents who do not fulfill the provisions as referred to in paragraph (3) and paragraph (4) are subject to administrative sanctions in the form of a written reprimand or written warning. (6) Sanctions as referred to in paragraph (5) are 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 any Party that causes the violation as referred to in paragraph (1).
(3) Sanctions as referred to in paragraph (1) and paragraph (2) are imposed by the Financial Services Authority.
(4) Sanctions as referred to in paragraph (1) include:
a. written warning; b. fine, namely the obligation to pay a certain amount of money;
c. restriction of business activities;
d. suspension of business activities; e. revocation of business license; f. cancellation of approval; and/or g. cancellation of registration.
(5) Administrative sanctions as referred to in paragraph (4) letters b, c, d, e, f, or g, may be imposed with or without prior imposition of an administrative sanction in the form of a written warning as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of a fine 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) letters c, d, e, f, or g. (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) Mutual Fund Sales Agents are required to provide information and/or data in the form of documents requested by the Financial Services Authority in the context of supervision implementation by the Financial Services Authority. (2) Mutual Fund Sales Agents are required to account for Periodic 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 any Party that causes the violation as referred to in paragraph (1).
(3) Sanctions as referred to in paragraph (1) and paragraph (2) are imposed by the Financial Services Authority.
(4) Sanctions as referred to in paragraph (1) include:
a. written warning; b. fine, namely the obligation to pay a certain amount of money;
c. restriction of business activities;
d. suspension of business activities; e. revocation of business license; f. cancellation of approval; and/or g. cancellation of registration.
(5) Administrative sanctions as referred to in paragraph (4) letters b, c, d, e, f, or g, may be imposed with or without prior imposition of an administrative sanction in the form of a written warning as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of a fine 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) letters c, d, e, f, or g. (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. Article 38, Article 40, Article 41, regarding the submission of reports by Mutual Fund Sales Agents and Article 42 regarding the electronic reporting system for Mutual Fund Sales Agents in the Financial Services Authority Regulation Number 39/POJK.04/2014 on Mutual Fund Sales Agents (State Gazette of the Republic of Indonesia Year 2014 Number 396, Supplement to the State Gazette of the Republic of Indonesia Number 5653); b. Article 5 paragraph (2) letter c regarding the group of product information, activities, and related activities for Mutual Fund Sales Agent activity reports, Article 5 paragraph (3) regarding the position of data submission as a Mutual Fund Sales Agent, and Article 9 paragraph (1) regarding the date of submission of structured quarterly reports for Mutual Fund Sales Agent activity reports in the Financial Services Authority Regulation Number 63/POJK.03/2020 on Reporting by General 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), are repealed and declared invalid.

Article 19
This Financial Services Authority Regulation comes into force after 9 (nine) months counted from the date 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 March 26, 2025
CHAIRMAN OF THE COMMISSIONERS
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed
MAHENDRA SIREGAR

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

STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2025 NUMBER 12/OJK

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
OF THE REPUBLIC OF INDONESIA
NUMBER 6 OF 2025
ON
MUTUAL FUND SALES AGENT REPORTS

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. This has the potential to cause overlapping regulatory provisions among supervision sectors, including regulations regarding the reporting of Mutual Fund Sales Agents.

Reporting provisions located in various supervision sectors with diverse reporting media create the potential for inefficiency and redundancy of reporting conducted by Mutual Fund Sales Agents to the Financial Services Authority. This is not in line with the Financial Services Authority's Destination Statement for 2022-2027, which contains matters of concern to the Financial Services Authority in improving the quality of service and data management in an integrated and transparent manner.

Based on this, it is necessary to integrate the regulations on the obligation to submit reports by Mutual Fund Sales Agents 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 an annual report containing the activity plan for the current year to the Financial Services Authority:
Annual activity plan report for 2026, submitted no later than January 15, 2026.

Paragraph (2)
Example of submitting a monthly report to the Financial Services Authority:
Monthly report for May 2026, submitted no later than June 15, 2026.

Paragraph (3)
Clear enough.

Paragraph (4)
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 Mutual Fund Sales Agent and/or findings by the Financial Services Authority.

Paragraph (3)
Example of submitting the first monthly report offline to the Financial Services Authority:
If a Mutual Fund Sales Agent obtains a business license on March 12, 2026, and only obtains user access rights on April 14, 2026, the monthly report for March 2026 is submitted offline no later than April 15, 2026.

Paragraph (4)
What is meant by "relevant capital market supervision department at the Financial Services Authority" is a work unit in the field of capital markets that carries out supervisory functions over Mutual Fund Sales Agents.

Paragraph (5)
Clear enough.

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

Paragraph (2)
Clear enough.

Paragraph (3)
Example of submitting a monthly report 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 on June 17, 2026. The Mutual Fund Sales Agent submits the monthly report for May 2026 no later than 2 (two) working days thereafter, namely on June 19, 2026.

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

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

Article 9
Paragraph (1)
The Financial Services Authority's request for the Periodic Report is conducted via email.

Paragraph (2)
Clear enough.

Article 10
Clear enough.

Article 11
Paragraph (1)
Example of submitting a monthly report to the Financial Services Authority that is deemed late:
Monthly report for May 2026 submitted on June 16, 2026.

Paragraph (2)
Clear enough.

Article 12
Paragraph (1)
What is meant by "entry error" is an error in one line of report input.
Example of entry errors in a monthly report:
In the May 2026 monthly report, the Mutual Fund Sales Agent incorrectly reported:

1. "subscription value" and "outstanding value" at the Head Office (in one line); and
2. "redemption value" at Branch Office "A" (in one line).
   For the entry errors in these 2 (two) lines, the Mutual Fund Sales Agent is subject to administrative sanctions in the form of a fine for input value errors in the May 2026 monthly report amounting to Rp200,000.00 (two hundred thousand rupiah), namely Rp100,000.00 (one hundred thousand rupiah) x 2 (two) lines.

Paragraph (2)
Clear enough.

Paragraph (3)
Clear enough.

Paragraph (4)
Clear enough.

Paragraph (5)
Clear enough.

Paragraph (6)
Clear enough.

Article 13
Clear enough.

Article 14
Clear enough.

Article 15
Clear enough.

Article 16
Specific actions include ordering the Mutual Fund Sales Agent to temporarily suspend or stop the opening of office networks.

Article 17
Clear enough.

Article 18
Clear enough.

Article 19
Clear enough.

SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 142/OJK