Regulatory Alerts2025-12-22
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POJK No. 41 of 2025 on Representative Offices of Financing Institutions, Venture Capital Companies, and Other Financial Service Institutions Headquartered Abroad
The Financial Services Authority (OJK) issued POJK No. 41 of 2025 to establish a regulatory framework for representative offices of foreign-headquartered financing institutions, venture capital companies, and other financial service institutions in Indonesia. The regulation mandates that existing foreign entities operating in Indonesia must obtain OJK approval to open representative offices within six months of the regulation's effective date. It further defines the licensing procedures, permissible activities, leadership suitability assessments, and ongoing supervision and reporting obligations for these representative offices.
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