FINANCIAL SERVICES AUTHORITY REGULATION

OF THE REPUBLIC OF INDONESIA

NUMBER 1 OF 2026

CONCERNING

THE USE OF FOREIGN WORKERS AND KNOWLEDGE TRANSFER PROGRAMS BY COMMERCIAL BANKS

BY THE GRACE OF GOD THE ALMIGHTY,

THE BOARD OF COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY,

Considering:
a. that in order to increase the resilience, competitiveness of the banking industry and national economic development in strategic sectors, as well as to support knowledge transfer programs and the development of human resource competencies in the banking sector, it is necessary to establish adaptive and balanced regulations regarding the use of foreign workers; b. that in order to develop the capacity of national banking human resources, it is necessary to increase the implementation of assignments of bank employees who are Indonesian workers to overseas locations for the purpose of employee exchange or intracorporate transferee;
c. that the Financial Services Authority Regulation Number 37/POJK.03/2017 concerning the Utilization of Foreign Workers and Knowledge Transfer in the Banking Sector is no longer in line with national labor policies and the needs of the banking industry, 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 Use of Foreign Workers and Knowledge Transfer Programs by Commercial Banks;

Recalling:

1. Law Number 7 of 1992 concerning Banking (State Gazette of the Republic of Indonesia Year 1992 Number 31, Supplement to the State Gazette of the Republic of Indonesia Number 3472) as amended several times, lastly with 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);
2. Law Number 21 of 2008 concerning Islamic Banking (State Gazette of the Republic of Indonesia Year 2008 Number 94, Supplement to the State Gazette of the Republic of Indonesia Number 4867) as amended several times, lastly with 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);
3. 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 with 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);

DECIDING:

To establish: A FINANCIAL SERVICES AUTHORITY REGULATION CONCERNING THE USE OF FOREIGN WORKERS AND KNOWLEDGE TRANSFER PROGRAMS BY COMMERCIAL BANKS.

CHAPTER I

GENERAL PROVISIONS

Article 1

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

1. Commercial Bank, hereinafter referred to as Bank, is a bank that conducts conventional business activities and/or conducts business activities based on Sharia principles, which in its activities provides services in payment transactions, including branch offices of banks located outside the country and Sharia business units.
2. Branch Office of a Bank Located Outside the Country, hereinafter referred to as KCBLN, is a bank that is a branch office of a bank with legal entity status and a headquarters located outside the country.
3. Representative Office of a Bank Located Outside the Country, hereinafter referred to as KPBLN, is an office of a bank with legal entity status and a headquarters located outside the country, which acts only as a liaison between the bank with legal entity status and a headquarters located outside the country and its customers in Indonesia.
4. Foreign Worker, hereinafter abbreviated as TKA, is a foreign citizen holding a visa with the purpose of working in the territory of Indonesia.
5. Indonesian Worker, hereinafter abbreviated as TKI, is an Indonesian citizen worker.
6. Expertise Qualification is the fulfillment of requirements for expertise in a specific field obtained from education, training/certification, and/or work experience.
7. Board of Directors is the organ of the Bank that has the authority and is fully responsible for the management of the Bank for the interests of the Bank, in accordance with the purpose and objectives of the Bank and represents the Bank, both inside and outside of court, in accordance with the provisions of the articles of association for a Bank with the legal entity status of a limited liability company, or the head of the branch office and the official one level below the head of the branch office for KCBLN.
8. Board of Commissioners is the organ of the Bank tasked with carrying out general and/or specific supervision in accordance with the articles of association and providing advice to the Board of Directors for a Bank with the legal entity status of a limited liability company, or the party appointed to carry out supervisory functions for KCBLN.
9. Head of KCBLN is the head of the branch office and the official one level below the head of the KCBLN.
10. Head of KPBLN is the official appointed by the headquarters of the bank located outside the country to lead the representative office in Indonesia.
11. Executive Official is a Bank official who reports directly to members of the Board of Directors or has significant influence over the policies and/or operations of the Bank.
12. Expert or Consultant is an individual who has specific technical knowledge with adequate Expertise Qualifications.
13. Control is an action aimed at influencing the management and/or company policy, including at the Bank, in any way, either directly or indirectly.
14. Controlling Shareholder for a Bank, hereinafter abbreviated as PSP, is a legal entity, individual, and/or business group that owns 25% (twenty-five percent) or more of the issued shares of the company or Bank and has voting rights, or owns less than 25% (twenty-five percent) of the issued shares of the company or Bank and has voting rights but the party concerned can be proven to have exercised Control over the company or Bank, either directly or indirectly.
15. Plan for the Use of Foreign Workers, hereinafter abbreviated as RPTKA, is a plan for the use of TKA in specific positions and for a specific period.

CHAPTER II

PRINCIPLES OF TKA USE

Part One

General

Article 2

(1) A Bank or KPBLN may use TKA in conducting its business activities by fulfilling the provisions in this Financial Services Authority Regulation.
(2) In addition to fulfilling the provisions in this Financial Services Authority Regulation, the Bank or KPBLN as referred to in paragraph (1) must fulfill the provisions of legislation in the field of labor and immigration.

Part Two

Positions, Scope of Duties, and Duration

Paragraph 1

Positions That May Use TKA

Article 3

(1) A Bank with 25% (twenty-five percent) or more of its shares owned by foreign citizens and/or foreign legal entities may use TKA for positions:
a. Board of Directors; b. Board of Commissioners;
c. Executive Officials;
d. specific positions requiring special competence; and/or e. Experts or Consultants.
(2) The provisions as referred to in paragraph (1) do not apply to KCBLN.

Article 4

(1) A Bank with less than 25% (twenty-five percent) of its shares owned by foreign citizens and/or foreign legal entities is prohibited from using TKA other than for the position of Expert or Consultant. (2) The provisions as referred to in paragraph (1) are excluded for Banks that meet the criteria:
a. foreign citizen and/or foreign legal entity ownership of the Bank is less than 25% (twenty-five percent), but the foreign citizen and/or foreign legal entity is the PSP of the Bank; or b. there is an element of Control from foreign citizens and/or foreign legal entities over the Bank. (3) A Bank that meets the exclusion criteria as referred to in paragraph (2) may use TKA for positions on the Board of Directors, Board of Commissioners, and/or Experts or Consultants.

Article 5

In the event that a Bank uses TKA as Board of Directors, Board of Commissioners, and/or Executive Officials as referred to in Article 3 paragraph (1) letters a to c and Board of Directors and/or Board of Commissioners as referred to in Article 4 paragraph (3), the Bank is required to fulfill the provisions:
a. the majority of Board of Directors members are Indonesian citizens; b. 50% (fifty percent) or more of Board of Commissioners members are Indonesian citizens; and
c. the majority of Executive Officials are Indonesian citizens.

Article 6

(1) The Bank is required to ensure that the use of TKA as Board of Directors and/or Board of Commissioners meets the requirements:
a. declared approved in the competency and propriety assessment; and b. have knowledge of Indonesia, particularly regarding the economy, culture, and Indonesian language.
(2) The Bank is required to ensure that the use of TKA as Executive Officials meets the requirements:
a. Expertise Qualification; b. do not hold concurrent positions in accordance with the provisions of legislation;
c. be provided with education and training facilities for the Indonesian language;
d. the executive position to be occupied is one (1) level below the Board of Directors; and e. are only permitted for positions located at the Bank's headquarters.
(3) KPBLN is required to ensure that the use of TKA as Head of KPBLN meets the requirement of being declared approved in the competency and propriety assessment.
(4) The Bank or KPBLN is required to ensure that the use of TKA as Expert or Consultant meets the requirements:
a. Expertise Qualification; and b. do not hold concurrent positions in accordance with the provisions of legislation.

Article 7

(1) KCBLN is prohibited from using TKA other than for positions:
a. Head of KCBLN; and/or b. Expert or Consultant.
(2) In the event that KCBLN uses TKA as Head of KCBLN as referred to in paragraph (1) letter a, KCBLN is required to fulfill the provision that at least one (1) Head of KCBLN is an Indonesian citizen. (3) KPBLN is prohibited from using TKA other than for positions:
a. Head of KPBLN; and/or b. Expert or Consultant.

Paragraph 2

Scope of Duties That May Use TKA

Article 8

(1) A Bank or KPBLN may use TKA in the following scopes of duties:
a. treasury; b. risk management;
c. information technology;
d. credit or financing; e. investor relations; f. marketing; g. finance; and/or h. internal audit.
(2) A Bank or KPBLN is prohibited from using TKA in the following scopes of duties:
a. personnel; and b. compliance.
(3) The provisions as referred to in paragraph (2) do not apply to offices outside the country owned by the Bank.

Paragraph 3

Other Positions and Scope of Duties

Article 9

(1) The use of TKA for positions other than those permitted as referred to in Article 4 and Article 7 and/or scopes of duties other than those permitted as referred to in Article 8 paragraph (1) may be carried out for specific conditions provided that approval from the Financial Services Authority has been obtained. (2) The approval from the Financial Services Authority as referred to in paragraph (1) is used as the basis for the recommendation for the use of TKA by the Bank to the ministry responsible for government affairs in the field of labor. (3) The approval from the Financial Services Authority as referred to in paragraph (1) is conducted by considering:
a. the Bank's needs; b. the availability and capability of TKI;
c. the fulfillment of criteria required in this Financial Services Authority Regulation;
d. efforts made by the Bank to find TKI to meet those needs; e. efforts made by the Bank to improve the capabilities and expertise of TKI within the Bank; and f. the principle of reciprocity.

Paragraph 4

Duration of TKA Use

Article 10

(1) The term of office for the use of TKA as Board of Directors and Board of Commissioners is implemented in accordance with the provisions of legislation.
(2) The term of office for the use of TKA for:
a. Executive Officials, specific positions requiring special competence, and Experts or Consultants; and b. positions and/or scopes of duties as referred to in Article 9 paragraph (1), is at most for a period of 5 (five) years. (3) In the event that there is a time gap in the use of TKA by the same Bank or KPBLN for the same position and scope of duties, the term of office as referred to in paragraph (2) is calculated cumulatively. (4) The cumulative calculation of the term of office as referred to in paragraph (3) does not apply if the time gap is at least 3 (three) years since the last time working at the Bank or KPBLN. (5) The implementation of the use of TKA as referred to in paragraph (2) still follows the term and approval procedures for RPTKA approved by the ministry responsible for government affairs in the field of labor.

Part Three

Administrative Sanctions

Article 11

(1) A Bank or KPBLN that violates the provisions as referred to in Article 4 paragraph (1), Article 5, Article 6, Article 7, and/or Article 8 paragraph (2) shall be subject to administrative sanctions in the form of a written reprimand. (2) In the event that a Bank has been subject to administrative sanctions as referred to in paragraph (1), and continues to violate the provisions as referred to in Article 4 paragraph (1), Article 5, Article 6 paragraph (1), paragraph (2), paragraph (4), Article 7 paragraph (1), paragraph (2), and/or Article 8 paragraph (2), the Bank shall be subject to administrative sanctions in the form of a reduction in the governance factor assessment in the Bank's health level assessment. (3) In the event that KPBLN has been subject to administrative sanctions as referred to in paragraph (1), and continues to violate the provisions as referred to in Article 6 paragraph (3), paragraph (4), Article 7 paragraph (3), and/or Article 8 paragraph (2), KPBLN shall be subject to administrative sanctions in the form of restrictions and/or prohibitions on conducting KPBLN activities. (4) In addition to administrative sanctions as referred to in paragraph (1) and/or paragraph (2), a Bank that violates the provisions as referred to in Article 4 paragraph (1), Article 5, Article 6 paragraph (1), paragraph (2), paragraph (4), Article 7 paragraph (1), paragraph (2), and/or Article 8 paragraph (2) may be subject to administrative sanctions in the form of a fine of at least Rp500,000,000.00 (five hundred million rupiah) and at most Rp2,000,000,000.00 (two billion rupiah). (5) In addition to administrative sanctions as referred to in paragraph (1) and/or paragraph (3), KPBLN that violates the provisions as referred to in Article 6 paragraph (3), paragraph (4), Article 7 paragraph (3), and/or Article 8 paragraph (2) may be subject to administrative sanctions in the form of a fine of at least Rp10,000,000.00 (ten million rupiah) and at most Rp100,000,000.00 (one hundred million rupiah). (6) In the event that a Bank or KPBLN has been subject to administrative sanctions as referred to in paragraph (1), paragraph (2), paragraph (3), paragraph (4), and/or paragraph (5), the Board of Directors, Board of Commissioners, Head of KCBLN, and/or Head of KPBLN may be subject to administrative sanctions in the form of a prohibition from acting as a principal in accordance with the Financial Services Authority Regulation concerning the re-evaluation of principals of financial service institutions.

CHAPTER III

PROCEDURES FOR TKA USE

Part One

Planning

Article 12

(1) A Bank that intends to use TKA is required to submit a plan for the use of TKA to the Financial Services Authority in the Bank's business plan.
(2) The plan for the use of TKA as referred to in paragraph (1) is stated in the section on organizational and human resource development plans in accordance with the Financial Services Authority Regulation concerning bank business plans. (3) The plan for the use of TKA as referred to in paragraph (1) must contain at least:
a. reasons for using TKA and reasons for not or not yet using TKI; b. scope of duties and positions or roles to be filled, including the scope of work and required competencies;
c. planned number of needs;
d. duration of use; e. name of the accompanying personnel; and f. knowledge transfer program plan consisting of:

1. training plan for accompanying personnel; and
2. training plan by TKA.
   (4) The knowledge transfer program plan as referred to in paragraph (3) letter f must contain at least:
   a. plan for materials or competencies to be transferred; b. plan for implementation methods; and
   c. plan for implementation time and expected results.
   (5) A Bank that violates the provisions as referred to in paragraph (1) shall be subject to administrative sanctions in accordance with the Financial Services Authority Regulation concerning bank business plans.

Article 13

(1) Changes to the plan for the use of TKA must be stated in the amendment to the Bank's business plan.
(2) The use of TKA not stated in the amendment to the Bank's business plan as referred to in paragraph (1) must be carried out after obtaining approval from the Financial Services Authority.
(3) In the event that the use of TKA as referred to in paragraph (2) is carried out before the submission of the amendment to the Bank's business plan, the Bank is required to submit the use of TKA in the amendment to the Bank's business plan. (4) In the event that the use of TKA as referred to in paragraph (2) is carried out after the submission of the amendment to the Bank's business plan, the Bank is required to submit the use of TKA in the report on the realization of the Bank's business plan. (5) A Bank that violates the provisions as referred to in paragraph (1) shall be subject to administrative sanctions in accordance with the Financial Services Authority Regulation concerning bank business plans.

Article 14

(1) KPBLN that intends to use TKA is required to submit a plan for the use of TKA to the Financial Services Authority in the KPBLN's work plan.
(2) The provisions regarding the content of the plan for the use of TKA as referred to in Article 12 paragraph (3) and the knowledge transfer program plan as referred to in Article 12 paragraph (4) apply mutatis mutandis to the content of the plan for the use of TKA and the knowledge transfer program plan in the KPBLN's work plan. (3) KPBLN that violates the provisions as referred to in paragraph (1) shall be subject to administrative sanctions in accordance with the Financial Services Authority Regulation concerning commercial banks and the Financial Services Authority Regulation concerning Sharia commercial banks.

Part Two

Application for Approval

Article 15

(1) Prospective TKA who will occupy positions as Board of Directors, Board of Commissioners, Head of KCBLN, and/or Head of KPBLN must obtain approval from the Financial Services Authority before the TKA occupies the position. (2) Approval from the Financial Services Authority for the use of TKA as Board of Directors, Board of Commissioners, Head of KCBLN, and/or Head of KPBLN as referred to in paragraph (1) is implemented in accordance with the Financial Services Authority Regulation concerning competency and propriety assessment for principals of financial service institutions. (3) The application for approval for the use of TKA as Board of Directors, Board of Commissioners, Head of KCBLN, and/or Head of KPBLN as referred to in paragraph (1) is submitted to the Financial Services Authority before the Bank or KPBLN submits the application for the approval of RPTKA to the ministry responsible for government affairs in the field of labor. (4) A Bank or KPBLN that violates the provisions as referred to in paragraph (1) shall be subject to administrative sanctions in accordance with the Financial Services Authority Regulation concerning competency and propriety assessment for principals of financial service institutions.

Article 16

(1) A Bank that intends to use TKA as Executive Officials as referred to in Article 3 paragraph (1) letter c and/or specific positions requiring special competence as referred to in Article 3 paragraph (1) letter d is required to obtain approval from the Financial Services Authority. (2) To obtain approval for the use of TKA as referred to in paragraph (1) and/or Article 9 paragraph (1), the Bank submits an application to the Financial Services Authority by attaching documents at least consisting of:
a. one (1) recent 1-month 4x6 cm passport-sized photo; b. photocopy of a valid passport;
c. curriculum vitae of the TKA;
d. photocopy of proof or statement regarding Expertise Qualification; e. draft employment contract or assignment letter; f. planned duration of TKA use in accordance with what is stated in the Bank's business plan; g. annual knowledge transfer program plan during the employment of the aforementioned TKA; h. placement plan in the organizational structure and scope of duties under the responsibility of the TKA, accompanied by reasons for using TKA; and
i. example of signature and initial.
(3) The Financial Services Authority may request the Bank to submit additional documents other than the documents as referred to in paragraph (2).
(4) The application for approval for the use of TKA to the Financial Services Authority as referred to in paragraph (2) is submitted to the Financial Services Authority and addressed to:
a. the Department of Supervision of the relevant Bank for Banks with headquarters or KCBLN located in the Special Capital Region of Jakarta Province; or b. the local Financial Services Authority Office in accordance with the territory where the Bank's headquarters is located. (5) The application for approval for the use of TKA as referred to in paragraph (2) is submitted to the Financial Services Authority before the Bank submits the application for the approval of RPTKA to the ministry responsible for government affairs in the field of labor.

Article 17

(1) The Financial Services Authority provides approval or rejection of the application for approval for the use of TKA as:
a. Executive Officials as referred to in Article 3 paragraph (1) letter c; b. specific positions requiring special competence as referred to in Article 3 paragraph (1) letter d; and/or
c. positions and/or scopes of duties other than those permitted as referred to in Article 9 paragraph (1),
within a maximum period of 30 (thirty) working days calculated from the date the application for approval is received in complete form.
(2) To provide approval or rejection of the application for approval for the use of TKA as referred to in paragraph (1), the Financial Services Authority conducts:
a. analysis and research on the completeness and truthfulness of documents as referred to in Article 16 paragraph (2); b. interviews or clarifications with the prospective TKA if necessary; and
c. analysis of the fulfillment of provisions of legislation in the field of banking.
(3) In the event that the application for approval for the use of TKA as referred to in paragraph (1) is approved, the Financial Services Authority issues a letter of approval for the use of TKA to the Bank.

(4) The Financial Services Authority determines the time limit for the use of Foreign Workers in the approval letter as referred to in paragraph (3).

(5) In determining the time limit for the use of Foreign Workers as referred to in paragraph (4), the Financial Services Authority considers:
a. the knowledge transfer program plan included in the Foreign Worker usage plan; b. the principle of reciprocity;
c. the needs and characteristics of the position;
d. the results of analysis and research on the completeness of documents; e. the results of interviews or clarifications regarding the prospective Foreign Worker; and f. the results of supervision regarding the implementation of Foreign Worker usage at the Bank submitting the request.

(6) The Financial Services Authority has the authority to determine the time limit for the use of Foreign Workers as referred to in paragraph (3) to be shorter than the time limit requested by the Bank in the application.

(7) In the event that the application for approval of Foreign Worker usage as referred to in paragraph (1) is rejected, the Financial Services Authority issues a written rejection letter to the Bank.

Third Part
Reporting on the Appointment of Foreign Workers

Article 18
(1) Banks or Foreign Bank Branches are required to inform the Financial Services Authority of the appointment of Foreign Workers as Directors, Board of Commissioners, Branch Managers of Foreign Bank Branches, and/or Leaders of Foreign Bank Branches within the time limits regulated in the Financial Services Authority Regulation regarding commercial banks and the Financial Services Authority Regulation regarding Islamic commercial banks.

(2) Banks or Foreign Bank Branches that violate the provisions as referred to in paragraph (1) are subject to administrative sanctions in accordance with the Financial Services Authority Regulation regarding commercial banks and the Financial Services Authority Regulation regarding Islamic commercial banks.

Article 19
(1) Banks are required to submit a report on the appointment of Foreign Workers as Executive Officials and/or specific positions requiring special competence to the Financial Services Authority within a maximum period of 10 (ten) working days calculated from the date of effective appointment, attaching supporting documents.

(2) Supporting documents as referred to in paragraph (1) consist of:
a. photocopy of the employment contract; b. copy of the Limited Stay Permit (ITAS) issued by the competent authority; and
c. photocopy of the Approval of Foreign Worker Employment Plan (RPTKA) issued by the competent authority.

(3) The submission of the Foreign Worker appointment report as referred to in paragraph (1) is conducted online to the Financial Services Authority in accordance with the procedures set forth in the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

(4) Banks that violate the provisions as referred to in paragraph (1) are subject to sanctions in accordance with the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

Article 20
(1) Banks are required to submit a report on the appointment of Foreign Workers as Experts or Consultants to the Financial Services Authority as part of the Bank's business plan realization report.

(2) The report as referred to in paragraph (1) must attach documents at least consisting of:
a. 1 (one) recent 1 (one) month 4x6 cm passport-sized photo; b. photocopy of passport;
c. curriculum vitae;
d. photocopy of employment contract; e. example of signature and initial; f. photocopy of proof or statement regarding Expert Qualifications; g. copy of the Limited Stay Permit (ITAS) issued by the competent authority; h. photocopy of the Approval of Foreign Worker Employment Plan (RPTKA) issued by the competent authority; and
i. letter of statement of no dual position.

(3) The submission of the Foreign Worker appointment report as referred to in paragraph (1) is conducted online to the Financial Services Authority in accordance with the procedures set forth in the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

(4) Banks that violate the provisions as referred to in paragraph (1) are subject to sanctions in accordance with the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

Article 21
(1) Foreign Bank Branches are required to submit a report on the appointment of Foreign Workers as Experts or Consultants to the Financial Services Authority within a maximum period of 10 (ten) working days after the date of effective appointment.

(2) The provisions regarding the content of the report documents as referred to in Article 20 paragraph (2) apply mutatis mutandis to the documents for the appointment of Foreign Workers as Experts or Consultants at Foreign Bank Branches.

(3) The submission of the Foreign Worker appointment report as referred to in paragraph (1) is submitted as an incidental report in accordance with the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

(4) Foreign Bank Branches that violate the provisions as referred to in paragraph (1) are subject to sanctions in accordance with the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

Fourth Part
Knowledge Transfer Program

Article 22
(1) Banks or Foreign Bank Branches that use Foreign Workers as Executive Officials, specific positions requiring special competence, and/or Experts or Consultants are required to implement a knowledge transfer program.

(2) The implementation of the knowledge transfer program as referred to in paragraph (1) is carried out through:
a. the designation of companion staff with the following minimum requirements:

1. 2 (two) Indonesian Workers internally at the Bank as companion staff for 1 (one) Foreign Worker; or
2. 1 (one) Indonesian Worker internally at the Foreign Bank Branch as companion staff for 1 (one) Foreign Worker;
   b. education and work training for companion staff in accordance with the job qualifications held by the Foreign Worker; and
   c. the implementation of training or teaching by the Foreign Worker to Bank or Foreign Bank Branch employees during the Foreign Worker usage period through:
3. seminars;
4. training;
5. short courses; and/or
6. other knowledge transfer programs,
   which are conducted online and/or offline.

(3) In addition to the training or teaching by the Foreign Worker to Bank or Foreign Bank Branch employees as referred to in paragraph (2) letter c, training or teaching may be provided to students and/or the general public.

Article 23
Banks that use Foreign Workers assign Indonesian Workers internally at the Bank to overseas locations for continuous competence development and talent exchange.

Fifth Part
Submission of Realization Reports

Article 24
(1) Banks are required to submit a report on the realization of Foreign Worker usage, included in the Bank's business plan realization report, to the Financial Services Authority at least 1 (one) time within a period of 1 (one) year at the fourth quarter data position.

(2) In the event of a desire to realize Foreign Worker usage before the data position as referred to in paragraph (1), the Foreign Worker usage realization report is included in the Bank's business plan realization report at the nearest data quarter position.

Article 25
(1) In the submission of the Foreign Worker usage realization report as referred to in Article 24, Banks are required to submit the realization of:
a. performance-based Foreign Worker usage; and b. the implementation of the knowledge transfer program as referred to in Article 22 paragraph (2) and/or Article 23.

(2) The performance-based Foreign Worker usage realization report as referred to in paragraph (2) letter a must at least contain:
a. name, position, and field of duty of the Foreign Worker; b. details of tasks and strategic projects;
c. Foreign Worker key performance indicators;
d. results of evaluation of Foreign Worker performance; e. name of the Foreign Worker companion staff; f. results of evaluation of the Foreign Worker companion staff; g. education or training provided to the Foreign Worker companion staff; h. institution providing the education or training; and
i. plan for the Indonesian Worker replacement.

(3) The realization report of the knowledge transfer program implementation as referred to in paragraph (1) letter b must at least contain:
a. name, position, and field of duty of the Foreign Worker; b. time and location of activity implementation;
c. number of participants;
d. duration of activity; e. activity material; f. activity documentation; g. name, position, and field of duty in the event that participants are Bank employees; h. participant category in the event that participants are not Bank employees;
i. knowledge transfer method;
j. knowledge transfer objective; and k. evaluation.

Article 26
(1) Foreign Bank Branches are required to submit a report on the realization of Foreign Worker usage to the Financial Services Authority.

(2) The provisions regarding the content of the performance-based Foreign Worker usage realization report as referred to in Article 25 paragraph (2) and the content of the knowledge transfer program implementation realization report as referred to in Article 25 paragraph (3) apply mutatis mutandis to the content of the Foreign Worker usage realization report at Foreign Bank Branches.

(3) The Foreign Worker usage realization report at Foreign Bank Branches as referred to in paragraph (1) is submitted 1 (one) time within a period of 1 (one) year at the fourth quarter data position.

(4) The Foreign Worker usage realization report at Foreign Bank Branches as referred to in paragraph (1) is submitted as part of:
a. the Foreign Bank Branch report regarding debtors in Indonesia receiving loans and/or obtaining bank guarantees from headquarters or branches abroad, as stated in the Financial Services Authority Regulation regarding the reporting of conventional commercial banks through the Financial Services Authority reporting system; or b. the Foreign Bank Branch report regarding customers in Indonesia receiving financing or other fund provision facilities/bank guarantees from headquarters or branches abroad, as stated in the Financial Services Authority Regulation regarding the reporting of Islamic commercial banks and Islamic business units through the Financial Services Authority reporting system.

(5) Foreign Bank Branches that violate the provisions as referred to in paragraph (1) are subject to sanctions in accordance with the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

Article 27
The Financial Services Authority has the authority to evaluate the Foreign Worker usage realization reports as referred to in Article 24 paragraph (1) and Article 26 paragraph (1) and to determine follow-up actions based on the results of said evaluation.

Sixth Part
Extension of Time Limit

Article 28
(1) In the event that the time limit determined by the Financial Services Authority is shorter than 5 (five) years as referred to in Article 17 paragraph (6), the Bank may submit an application for extension of Foreign Worker usage to the Financial Services Authority, provided that the total working time at the Bank does not exceed 5 (five) years.

(2) In the event that a Bank or Foreign Bank Branch using Foreign Workers as Experts or Consultants has a time limit shorter than 5 (five) years, the Bank or Foreign Bank Branch may submit an application for extension of Foreign Worker usage to the Financial Services Authority, provided that the total working time at the Bank or Foreign Bank Branch does not exceed 5 (five) years.

(3) The application for extension of Foreign Worker usage as referred to in paragraph (1) and paragraph (2) may be conducted if:
a. the Foreign Worker demonstrates performance meeting the standards set by the Bank; and b. the knowledge transfer program is implemented in accordance with the provisions as referred to in Article 22.

(4) The extension of Foreign Worker usage submitted by the Bank or Foreign Bank Branch as referred to in paragraph (1) and paragraph (2) must obtain approval from the Financial Services Authority.

(5) In granting approval as referred to in paragraph (4), the Financial Services Authority considers the Foreign Worker usage realization report submitted by the Bank or Foreign Bank Branch and the considerations as referred to in Article 17 paragraph (5).

Article 29
(1) In the event that a Bank or Foreign Bank Branch requires additional time for Foreign Worker usage after the 5 (five) year period has ended as referred to in Article 10 paragraph (2), the Bank or Foreign Bank Branch may submit an application for extension of the Foreign Worker usage time limit to the Financial Services Authority.

(2) The extension of the Foreign Worker usage time limit as referred to in paragraph (1) must obtain approval from the Financial Services Authority.

(3) To grant approval for the application for extension of the Foreign Worker usage time limit as referred to in paragraph (2), the Financial Services Authority considers:
a. the Foreign Worker demonstrates performance meeting the standards set by the Bank or Foreign Bank Branch; b. the need for very specific competence not available domestically; and
c. the implementation of assignment of Indonesian Workers internally at the Bank to overseas locations as referred to in Article 23.

Article 30
(1) The application for extension of the Foreign Worker usage time limit as referred to in Article 28 paragraph (1), paragraph (2), and/or Article 29 paragraph (1) is submitted to the Financial Services Authority and addressed to:
a. the Bank Supervision Department of the relevant Bank for Banks with headquarters, Branches of Foreign Bank Branches, or Foreign Bank Branches located in the Special Capital Region of Jakarta Province; or b. the local Financial Services Authority Office in accordance with the region where the Bank's headquarters is located, no later than 30 (thirty) working days before the expiration of the Foreign Worker's contract period or employment period, attaching administrative documents.

(2) Administrative documents as referred to in paragraph (1) must at least consist of:
a. photocopy of passport; b. photocopy of employment contract or assignment letter;
c. copy of the Limited Stay Permit (ITAS) issued by the competent authority;
d. photocopy of the Approval of Foreign Worker Employment Plan (RPTKA) issued by the competent authority; and e. report on the realization of the knowledge transfer program implementation.

(3) In the event of a time gap as referred to in Article 10 paragraph (4), the application for extension of the Foreign Worker usage time limit is submitted to the Financial Services Authority and addressed to:
a. the Bank Supervision Department of the relevant Bank for Banks with headquarters, Branches of Foreign Bank Branches, or Foreign Bank Branches located in the Special Capital Region of Jakarta Province; or b. the local Financial Services Authority Office in accordance with the region where the Bank's headquarters is located, attaching documents as referred to in Article 16 paragraph (2) and a photocopy of the employment contract or assignment letter from the previous Bank.

(4) The application for extension of the Foreign Worker usage time limit as referred to in paragraph (1) and paragraph (3) must be accompanied by reasons for the extension.

Seventh Part
Termination of Foreign Workers

Article 31
(1) The Financial Services Authority has the authority to request that the Bank or Foreign Bank Branch terminate the Foreign Worker before the end of the employment agreement period, in the event that:
a. information or documents provided to the Financial Services Authority are incorrect or false; b. the Foreign Worker is declared guilty of committing a criminal offense that has obtained a final legal decision;
c. the Foreign Worker, Bank, or Foreign Bank Branch fails to fulfill obligations as regulated in this Financial Services Authority Regulation; or
d. the Foreign Worker violates the principles of prudence and good corporate governance.

(2) Banks or Foreign Bank Branches are required to fulfill the Financial Services Authority's request as referred to in paragraph (1) to terminate the Foreign Worker.

Article 32
Banks or Foreign Bank Branches report the termination of the Foreign Worker's employment agreement before the end of the agreement period to the ministry responsible for government affairs in the field of manpower in accordance with the provisions of legislation in the field of manpower.

Eighth Part
Administrative Sanctions

Article 33
(1) Banks or Foreign Bank Branches that violate the provisions as referred to in Article 13 paragraph (2), paragraph (3), paragraph (4), Article 16 paragraph (1), Article 22 paragraph (1), Article 24 paragraph (1), Article 25 paragraph (1), Article 28 paragraph (4), Article 29 paragraph (2), and/or Article 31 paragraph (2) are subject to administrative sanctions in the form of a written reprimand.

(2) In the event that a Bank has been subject to administrative sanctions as referred to in paragraph (1), and continues to violate the provisions as referred to in Article 13 paragraph (2), paragraph (3), paragraph (4), Article 16 paragraph (1), Article 22 paragraph (1), Article 24 paragraph (1), Article 25 paragraph (1), Article 28 paragraph (4), Article 29 paragraph (2), and/or Article 31 paragraph (2), the Bank is subject to administrative sanctions in the form of a reduction in the governance factor assessment in the Bank's health level assessment.

(3) In the event that a Foreign Bank Branch has been subject to administrative sanctions as referred to in paragraph (1), and continues to violate the provisions as referred to in Article 22 paragraph (1), Article 28 paragraph (4), Article 29 paragraph (2), and/or Article 31 paragraph (2), the Foreign Bank Branch is subject to administrative sanctions in the form of restrictions and/or prohibitions on conducting Foreign Bank Branch activities.

(4) In addition to the administrative sanctions as referred to in paragraph (1) and/or paragraph (2), Banks that violate the provisions as referred to in Article 13 paragraph (2), paragraph (3), paragraph (4), Article 16 paragraph (1), Article 22 paragraph (1), Article 24 paragraph (1), Article 25 paragraph (1), Article 28 paragraph (4), Article 29 paragraph (2), and/or Article 31 paragraph (2) may be subject to administrative sanctions in the form of fines of at least IDR 500,000,000.00 (five hundred million rupiah) and at most IDR 2,000,000,000.00 (two billion rupiah).

(5) In addition to the administrative sanctions as referred to in paragraph (1) and/or paragraph (3), Foreign Bank Branches that violate the provisions as referred to in Article 22 paragraph (1), Article 28 paragraph (4), Article 29 paragraph (2), and/or Article 31 paragraph (2) may be subject to administrative sanctions in the form of fines of at least IDR 10,000,000.00 (ten million rupiah) and at most IDR 100,000,000.00 (one hundred million rupiah).

(6) In the event that a Bank or Foreign Bank Branch has been subject to administrative sanctions as referred to in paragraph (1), paragraph (2), paragraph (3), paragraph (4), and/or paragraph (5), the Board of Directors, Board of Commissioners, Branch Managers of Foreign Bank Branches, and/or Leaders of Foreign Bank Branches may be subject to administrative sanctions in the form of a ban as the main party in accordance with the Financial Services Authority Regulation regarding the reassessment of the main party of financial service institutions.

CHAPTER IV
OTHER PROVISIONS

Article 34
The Financial Services Authority may establish policies different from this Financial Services Authority Regulation based on specific considerations.

CHAPTER V
TRANSITIONAL PROVISIONS

Article 35
Upon the commencement of this Financial Services Authority Regulation:
a. Banks that have obtained approval for Foreign Worker usage from the Financial Services Authority before this Financial Services Authority Regulation is promulgated and are still using Foreign Workers may continue to use Foreign Workers until the expiration of the time limit stated in the Financial Services Authority approval; b. Banks that have submitted applications for approval of Foreign Worker usage to the Financial Services Authority before this Financial Services Authority Regulation is promulgated but have not yet obtained Financial Services Authority approval shall follow the Financial Services Authority approval mechanism as referred to in Financial Services Authority Regulation Number 37/POJK.03/2017 concerning the Utilization of Foreign Workers and Knowledge Transfer Programs in the Banking Sector; and
c. Foreign Workers holding positions as Executive Officials and Experts or Consultants who have served for less than 5 (five) years at the time this Financial Services Authority Regulation is promulgated may have their usage time limit extended to reach the time limit within a maximum period of 5 (five) years in accordance with the procedures as referred to in Article 28 of this Financial Services Authority Regulation.

CHAPTER VI
CLOSING PROVISIONS

Article 36
Upon the commencement of this Financial Services Authority Regulation, all existing terms "utilization of Foreign Workers" prior to the promulgation of this Financial Services Authority Regulation must be interpreted as the term "use of Foreign Workers" as referred to in this Financial Services Authority Regulation.

Article 37
Upon the commencement of this Financial Services Authority Regulation, Financial Services Authority Regulation Number 37/POJK.03/2017 concerning the Utilization of Foreign Workers and Knowledge Transfer Programs in the Banking Sector (State Gazette of the Republic of Indonesia Year 2017 Number 143, Supplement to the State Gazette of the Republic of Indonesia Number 6086) is repealed and declared invalid.

Article 38
This Financial Services Authority Regulation comes into force on the date of its promulgation.

In order that everyone may know it, it is ordered to promulgate this Financial Services Authority Regulation by placing it in the State Gazette of the Republic of Indonesia.

Determined in Jakarta on 6 February 2026

EXECUTIVE HEAD OF SUPERVISOR
OF FINANCIAL SERVICES BUSINESS ACTORS,
EDUCATION, AND CONSUMER PROTECTION
AS TEMPORARY OFFICER
CHAIRMAN OF THE BOARD OF COMMISSIONERS
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA,

FRIDERICA WIDYASARI DEWI

Promulgated in Jakarta on

MINISTER OF LAW OF THE REPUBLIC OF INDONESIA,

SUPRATMAN ANDI AGTAS

STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2026 NUMBER

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
OF THE REPUBLIC OF INDONESIA
NUMBER 1 OF 2026
CONCERNING
THE USE OF FOREIGN WORKERS AND KNOWLEDGE TRANSFER PROGRAMS BY COMMERCIAL BANKS

I. GENERAL

The Financial Services Authority was established with the objective that the entirety of financial service activities within the financial services sector is conducted in an orderly, fair, transparent, and accountable manner, and is able to realize a financial system that grows sustainably and stably, and is able to protect the interests of consumers and the public.

With this objective, the Financial Services Authority is expected to be able to support the interests of the national financial services sector so as to be able to increase national resilience and competitiveness.

In addition, the Financial Services Authority must be able to safeguard national interests, including, among others, human resources, management, control, and ownership in the financial services sector, as well as national economic development in strategic sectors, while still considering the positive aspects of globalization.

Based on these matters, the Financial Services Authority, as the banking industry regulator, has the authority to regulate banking institutions, including management and human resources. Human resources are an important asset of Banks that is strategic and plays a significant role, considering that Banks are institutions that rely on public trust in offering their services.

In facing the era of globalization, digital transformation, and the dynamics of the global financial market, the national banking sector is required to increase competitiveness, resilience, and innovation capacity.

One of the strategies undertaken by Banks is to strengthen capital structure, including through the entry of foreign investment that has the potential to bring consequences regarding the increased use of Foreign Workers at Banks. On the other hand, the increasing complexity of banking services requires specific expertise that under certain conditions is not yet fully available among Indonesian Workers. Therefore, the use of Foreign Workers by Banks must be selective, based on actual needs, and designed to support the development of Bank human resource competence through a measurable and planned knowledge transfer scheme.

In this regard, in granting approval for the use of Foreign Workers, the Financial Services Authority not only considers the position and/or field of duty and the duration of use, but also takes into account the extent to which the Bank implements the assignment of employees who are Indonesian Workers to overseas locations...

negeri. This mechanism, inter alia through employee exchange or intra-corporate transferee programs, is expected to accelerate knowledge transfer, broaden international perspectives, and enhance the competitiveness of national banking human resources. This regulation is simultaneously intended to encourage Banks not to rely solely on Foreign Workers (TKA), but also to consistently implement programs to enhance the competence and capacity development of Indonesian Workers (TKI) working as Bank employees. Thus, the presence of TKA truly adds value through continuous knowledge and skill transfer, and strengthens the competitiveness of Bank human resources at the global level.

This regulation is drafted to provide legal certainty, maintain balance between national interests and economic openness, and ensure that the use of TKA is conducted accountably, proportionally, and supports the realization of a healthy, efficient, resilient, and globally competitive banking industry. Furthermore, this regulation serves as a form of regulatory simplification, where there are no longer implementing provisions for this Financial Services Authority Regulation because they have been comprehensively regulated within this Financial Services Authority Regulation.

Generally, this Financial Services Authority Regulation contains main materials, inter alia regarding the principles of TKA use and the procedures for TKA use. Based on this, it is necessary to refine by establishing provisions regarding the Use of Foreign Workers and Knowledge Transfer Programs by Commercial Banks.

II. ARTICLE BY ARTICLE

Article 1
Clear enough.

Article 2
Clear enough.

Article 3
Paragraph (1)
Bank share ownership of 25% (twenty-five percent) or more constitutes shares recorded in the Financial Services Authority administration.

Letter a
Clear enough.

Letter b
Clear enough.

Letter c
Clear enough.

Letter d
Specific positions requiring special competence are adjusted to the Bank's needs, inter alia:

1. expertise for the development of banking systems, technology, and innovation; and
2. expertise requiring understanding of the language, culture, and legal system of a specific country to effectively serve foreign customers.

Letter e
Specialists or Consultants are individual positions outside the Bank's organizational structure that require specific technical abilities and are carried out for a specific period with the aim of assisting the Bank in handling new operational issues or issues that the Bank cannot yet resolve on its own. Specialists or Consultants are only responsible for providing opinions or performing specific work for the Bank and do not have the authority to determine Bank policies.

Paragraph (2)
Clear enough.

Article 4
Paragraph (1)
Clear enough.

Paragraph (2)
Foreign citizens and/or foreign legal entities declared by the Bank as PSP or conducting Control must be recognized by the Financial Services Authority and recorded in the Financial Services Authority administration. Control elements according to the Financial Services Authority Regulation regarding the assessment of capability and propriety for principal parties of financial service institutions.

Paragraph (3)
Clear enough.

Article 5
Letter a
What is meant by "majority" is more than 50% (fifty percent).

Letter b
Clear enough.

Letter c
What is meant by "majority" see explanation of letter a.
Fulfillment of this requirement is carried out, inter alia, by submitting a list of Executive Officials at the Bank's headquarters along with their composition.

Article 6
Paragraph (1)
Letter a
Capability and propriety assessment is conducted in accordance with the Financial Services Authority Regulation regarding the assessment of capability and propriety for principal parties of financial service institutions.

Letter b
Clear enough.

Paragraph (2)
Letter a
Expertise Qualifications are indicated, inter alia, by letters of confirmation regarding work experience and/or expertise certificates.

Letter b
Regulatory provisions inter alia Government Regulations regarding the use of foreign workers.

Letter c
Fulfillment of Indonesian language education and training facilities is implemented in accordance with regulatory provisions in the field of labor regarding the use of TKA.

Letter d
Fulfillment of this requirement is carried out, inter alia, by submitting the Bank's organizational structure.

Letter e
For KCBLN, what is meant by "Bank headquarters" is the office that serves as the operational parent of that Bank in Indonesia.

Paragraph (3)
Clear enough.

Paragraph (4)
Letter a
See explanation of paragraph (2) letter a.

Letter b
See explanation of paragraph (2) letter b.

Article 7
Clear enough.

Article 8
Paragraph (1)
What is meant by "scope of duty" is the scope of work or specific functions in the banking sector according to Expertise Qualifications, positions, and competencies required by the Bank. Classification of scope of duty according to the Financial Services Authority Regulation regarding the reporting of commercial banks through the Financial Services Authority reporting system.

Letter a
Treasury scope of duty inter alia relates to the arrangement and management of Bank assets and liabilities, including the management of cross-border financial transactions (international treasury) as well as derivative and hedging products.

Letter b
Risk management scope of duty inter alia relates to the management and mitigation of risks, such as quantitative risk modelling, risk models, stress testing, and risk management in line with international standards to enhance Bank resilience against global market volatility.

Letter c
Information technology scope of duty inter alia activities related to the management of banking transaction administrative processes, cybersecurity, customer data management, network and system development, planning and reengineering of banking operational processes, management of banking support facilities, as well as the management of electronic banking products using information technology facilities, including digital banking, financial technology, artificial intelligence, cloud computing, and big data analytics.

Letter d
Credit or financing scope of duty includes tasks related to the distribution of credit or financing by the Bank, including the development of credit or financing in special sectors that are strategic, inter alia in renewable energy, green and sustainable economy, and financing that can support sustainable economic transformation and the application of environmental, social, and governance (ESG) principles in the banking sector.

Letter e
Investor relations scope of duty includes activities related, inter alia, to the development of strategies and efforts to build and maintain effective and continuous relationships with domestic and international investors to broaden funding sources and business opportunities for the Bank, strengthen cross-border business relationships, and expand the Bank's international network.

Letter f
Marketing scope of duty includes tasks inter alia related to efforts to market banking products and services, both for fund collection and fund distribution. Marketing scope of duty includes product development activities, pricing, promotion, and distribution, for example wealth management activities.

Letter g
Finance scope of duty includes tasks inter alia related to financial accounting aspects, management accounting, financial reporting, taxation, financial planning, and financial strategy.

Letter h
Internal audit scope of duty includes activities providing assurance and consultation that are independent and objective with the aim of adding value and improving Bank operations, through a systematic approach by evaluating and improving the effectiveness of risk management, controls, and Bank governance processes.

Paragraph (2)
Clear enough.

Paragraph (3)
What is meant by "offices outside the country owned by the Bank" is offices outside the country in accordance with the Financial Services Authority Regulation regarding commercial banks and the Financial Services Authority Regulation regarding Islamic commercial banks.

Example:
Bank "A" which has a branch office outside the country is permitted to employ employees who are not Indonesian citizens in the scope of personnel and compliance at the aforementioned branch office.

Article 9
Paragraph (1)
What is meant by "specific conditions" inter alia:
a. if the Bank does not use TKA, the Bank will face significant loss risks; and b. existing TKI are assessed as unable to meet the required expertise conditions.

Paragraph (2)
Clear enough.

Paragraph (3)
Letter a
Clear enough.

Letter b
Clear enough.

Letter c
Clear enough.

Letter d
Clear enough.

Letter e
Efforts made by the Bank to enhance the capabilities and expertise of TKI internally include the implementation of competence development programs through the assignment of TKI employees abroad as regulated in this Financial Services Authority Regulation.

Letter f
The reciprocity principle considers employee exchange in the context of developing national banking human resource capacity by considering the number of employees sent abroad (intra-corporate transferee) at the Bank.

Article 10
Paragraph (1)
Regulatory provisions inter alia Financial Services Authority Regulation regarding the application of governance for commercial banks.

Paragraph (2)
Clear enough.

Paragraph (3)
What is meant by "calculated cumulatively" is that all periods of TKA use in the same position and/or scope of duty by the same Bank or KPBLN are still calculated in total, even if there is a time gap or interruption of the employment relationship between assignment periods.

Example:
TKA named "Rose" at Bank BCD as an Executive Official in the information technology field has received Financial Services Authority approval to work in Indonesia for 2 (two) years and has returned to the home country after the information technology development project at Bank BCD was completed. After 1 (one) year, Bank BCD plans to further develop information technology and use TKA in the same position and scope of duty; therefore, TKA "Rose" can be submitted again to the Financial Services Authority to obtain approval for TKA use with a remaining maximum duration of 3 (three) years. Thus, cumulatively TKA "Rose" worked at Bank BCD for 5 (five) years. However, if TKA named "Rose" is re-employed as an Executive Official in a different scope of duty, the submission to the Financial Services Authority is considered a new submission, so the working duration is not calculated cumulatively.

Paragraph (4)
Example:
TKA named "Jennie" as an Executive Official has worked for 3 (three) years (from March 1, 2020 to February 28, 2023) at Bank PQR.
Subsequently, Bank PQR will re-employ the aforementioned TKA in March 2026, considering that the time gap for the use of the aforementioned TKA has passed 3 (three) years, so the duration calculation is not cumulative.

Paragraph (5)
RPTKA in accordance with regulatory provisions regarding the use of foreign workers.
The duration and procedures for RPTKA approval are implemented in accordance with regulatory provisions in the field of labor.

Article 11
Clear enough.

Article 12
Paragraph (1)
What is meant by "business plan" is the business plan report in accordance with the Financial Services Authority Regulation regarding bank business plans.

Paragraph (2)
The procedures for compiling and submitting the plan for TKA use as referred to in this paragraph are implemented in accordance with the Financial Services Authority Regulation regarding bank business plans.

Paragraph (3)
Letter a
Reasons for using TKA and reasons for not or not yet using TKI accompanied by an explanation of efforts made by the Bank to search for, develop, or prepare TKI with the required competencies.

Letter b
Clear enough.

Letter c
Clear enough.

Letter d
Clear enough.

Letter e
Clear enough.

Letter f
Clear enough.

Paragraph (4)
Knowledge transfer program plan (transfer of knowledge) which may include plans for assigning TKI employees abroad.

Paragraph (5)
Clear enough.

Article 13
Clear enough.

Article 14
Paragraph (1)
What is meant by "KPBLN work plan" is the KPBLN work plan in accordance with the Financial Services Authority Regulation regarding commercial banks and the Financial Services Authority Regulation regarding Islamic commercial banks.

Paragraph (2)
Clear enough.

Paragraph (3)
Clear enough.

Article 15
Paragraph (1)
Clear enough.

Paragraph (2)
Clear enough.

Paragraph (3)
The procedure for requesting approval of RPTKA is implemented in accordance with regulatory provisions in the field of labor.

Paragraph (4)
Clear enough.

Article 16
Paragraph (1)
Clear enough.

Paragraph (2)
Letter a
Clear enough.

Letter b
Clear enough.

Letter c
Clear enough.

Letter d
Clear enough.

Letter e
What is meant by "assignment letter" is a work assignment letter from the headquarters, branch, or representative office located outside the country to TKA to carry out assignments at the Bank.

Letter f
Clear enough.

Letter g
Clear enough.

Letter h
Clear enough.

Letter i
Clear enough.

Paragraph (3)
Additional documents are required for further analysis and/or assessment of the TKA use approval request.

Paragraph (4)
Clear enough.

Paragraph (5)
See explanation of Article 15 paragraph (3).

Article 17
Paragraph (1)
Clear enough.

Paragraph (2)
Clear enough.

Paragraph (3)
Clear enough.

Paragraph (4)
Clear enough.

Paragraph (5)
Letter a
Clear enough.

Letter b
What is meant by "reciprocity principle" see explanation of Article 9 paragraph (3) letter f.

Letter c
Clear enough.

Letter d
Clear enough.

Letter e
Clear enough.

Letter f
Clear enough.

Paragraph (6)
Clear enough.

Paragraph (7)
Clear enough.

Article 18
Clear enough.

Article 19
Paragraph (1)
What is meant by "effective appointment" is the date the Bank declares TKA effectively working after the issuance of all work permits and residence permits by the competent authority.

Paragraph (2)
Clear enough.

Paragraph (3)
Clear enough.

Paragraph (4)
Clear enough.

Article 20
Clear enough.

Article 21
Clear enough.

Article 22
Paragraph (1)
Clear enough.

Paragraph (2)
Letter a
TKA mentoring is more focused on technology transfer and expertise transfer so that mentors have the required capabilities so that at the right time they are expected to replace the mentored TKA.

Letter b
Work education and training for mentors can:

1. be provided directly by TKA; and/or
2. be provided through internal or external educational institutions.

Letter c
In addition to providing training or teaching to Bank employees or KPBLN, the Bank or KPBLN can provide training or teaching to the general public.

Paragraph (3)
Training or teaching by TKA to students and/or the general public can be in the form of public lectures and other forms that can be equated.

Article 23
Assignment of TKI employees internally at the Bank abroad includes:
a. employee exchange (intra-corporate transferee); and b. secondment, at the headquarters, branch offices outside the country, subsidiaries of the headquarters, or other institutions.
Secondment assignments abroad are in accordance with the Financial Services Authority Regulation regarding the development of commercial bank human resource quality.

Article 24
Clear enough.

Article 25
Paragraph (1)
Clear enough.

Paragraph (2)
Letter a
Clear enough.

Letter b
Clear enough.

Letter c
Key Performance Indicator of TKA is known as Key Performance Indicator (KPI).

Letter d
Clear enough.

Letter e
Clear enough.

Letter f
Clear enough.

Letter g
Clear enough.

Letter h
Clear enough.

Letter i
The TKI replacement plan is known as the succession plan.

Paragraph (3)
Clear enough.

Article 26
Clear enough.

Article 27
Clear enough.

Article 28
Paragraph (1)
Example:
Bank XYZ uses TKA named "Michael" as an Executive Official and has obtained approval for TKA use for a duration of 3 (three) years. After the aforementioned duration is about to end, Bank XYZ can submit a request to extend the use of TKA named "Michael" because there is still a remaining duration of 2 (two) years until the maximum limit of 5 (five) years.

Paragraph (2)
Example:
Bank PQR uses TKA named "Steven" as a Specialist or Consultant, the implementation of which does not require Financial Services Authority approval as regulated in this Financial Services Authority Regulation. Steven is listed in the TKA use plan in Bank PQR's business plan with a duration of 2 (two) years. After this duration ends, Bank PQR can submit a request to extend the use of TKA because there is still a remaining duration of 3 (three) years until the maximum limit of 5 (five) years.

Paragraph (3)
Clear enough.

Paragraph (4)
Clear enough.

Paragraph (5)
Clear enough.

Article 29
Paragraph (1)
Clear enough.

Paragraph (2)
Clear enough.

Paragraph (3)
Letter a
Clear enough.

Letter b
What is meant by "competency needs that are very specific and not available domestically" is competence that is only owned by TKA and cannot or has not yet been replaced by TKI.
Such competencies include:

1. mastery of certain internal systems, processes, or work methodologies that are not yet commonly adopted in Indonesia; and/or
2. mastery of specific foreign languages and/or cultures that directly support the operational and international business expansion strategy of the Bank, including communicating with headquarters, affiliates, foreign partners, or potential foreign customers.

Letter c
Clear enough.

Article 30
Clear enough.

Article 31
Paragraph (1)
Letter a
Clear enough.

Letter b
What is meant by "criminal offenses that have obtained a final legal decision" is in accordance with the Financial Services Authority Regulation regarding the assessment of capability and propriety for principal parties of financial service institutions.

Letter c
Clear enough.

Letter d
Clear enough.

Paragraph (2)
Clear enough.

Article 32
Clear enough.

Article 33
Clear enough.

Article 34
Specific considerations inter alia consider the urgency of TKA use for the continuity of the Bank's business.

Article 35
Clear enough.

Article 36
Clear enough.

Article 37
Clear enough.

Article 38
Clear enough.

SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER ⸙