Fathan Qorib, Andin Aditya Rahman
The Financial Service Authority (OJK) continues to assess its plans to collect fees from financial service institutions, which will be regulated under a Government Regulation in accordance with Law No. 21 of 2011 on the Financial Service Authority.
“It has already been through lengthy discussions. All that remains is the internal governmental procedure, which will take some time,” stated Muliaman D. Hadad, Chairman of OJK’s Board of Commissioners, in Jakarta, Wednesday (15/5).
He explained that OJK has received letters from financial service institutions that contained suggestions regarding OJK’s plans for the collection of the fees.
Muliaman further elaborated two essential suggestions from these letters. First, financial service institutions hope that the amount of fees will not burden them. Second, the fees are expected to have a fixed collection time period.
“These concerns are valid and were already discussed internally. We are able to understand and will try to accommodate the wishes of the [financial service] industry,” he stated.
Furthermore, he asserted that OJK will hear general public’s opinion before the Government Regulation on fees is issued.
“I think that we will consult again with the financial service industry to arrange the fees so that they will not be burdensome. I think this will also be our understanding,” stated Muliaman.
In a separate interview in Jakarta, Thursday (16/5), Julian Noor, Director of Association of General Insurance Companies (AAUI), suggested that the fees should only be collected annually. This differs with OJK’s initial suggestion that the fees will be collected both annually and non-regularly.
(hot/jt)
Fathan Qorib, Andin Aditya Rahman
The Financial Service Authority (OJK) continues to assess its plans to collect fees from financial service institutions, which will be regulated under a Government Regulation in accordance with Law No. 21 of 2011 on the Financial Service Authority.
“It has already been through lengthy discussions. All that remains is the internal governmental procedure, which will take some time,” stated Muliaman D. Hadad, Chairman of OJK’s Board of Commissioners, in Jakarta, Wednesday (15/5).
He explained that OJK has received letters from financial service institutions that contained suggestions regarding OJK’s plans for the collection of the fees.
Muliaman further elaborated two essential suggestions from these letters. First, financial service institutions hope that the amount of fees will not burden them. Second, the fees are expected to have a fixed collection time period.
“These concerns are valid and were already discussed internally. We are able to understand and will try to accommodate the wishes of the [financial service] industry,” he stated.
Furthermore, he asserted that OJK will hear general public’s opinion before the Government Regulation on fees is issued.
“I think that we will consult again with the financial service industry to arrange the fees so that they will not be burdensome. I think this will also be our understanding,” stated Muliaman.
In a separate interview in Jakarta, Thursday (16/5), Julian Noor, Director of Association of General Insurance Companies (AAUI), suggested that the fees should only be collected annually. This differs with OJK’s initial suggestion that the fees will be collected both annually and non-regularly.
(hot/jt)