Regulatory Alerts2024-11-25
Added · Updated
Reporting Through the Financial Services Authority Reporting System and Financial Condition Transparency for People's Economic Banks and Sharia People's Economic Banks
OJK Regulation No. 23 of 2024 mandates that People's Economic Banks (BPR) and Sharia People's Economic Banks (BPR Syariah) submit periodic and incidental reports electronically via the OJK Reporting System, replacing previous offline and fragmented reporting rules. The regulation establishes specific submission deadlines for monthly, quarterly, semi-annual, and annual reports, and defines administrative sanctions including fines ranging from Rp100,000 to Rp200,000 per day for late submissions, with caps based on core capital thresholds of Rp50 billion. It also introduces requirements for designating reporting officers, publicizing quarterly financial reports, and outlines procedures for technical system disruptions and new bank onboarding.
More like this from OJK
OJK published 1 document in the last 30 days. We email you each new one the day it's published.