Compulsory Reporting for Non-Bank Financial Service Providers

The Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) has issued Regulation No. 3/POJK.05/2013 on Monthly Reports for Non-Bank Financial Service Providers (“Regulation”).

The Regulation makes it obligatory for all non-bank financial service providers to submit monthly reports on their internal finances (“Report”) to the OJK. The Report serves to provide the OJK with an overview on the current conditions of financial service providers so as the OJK can more effectively perform  its supervisory and policy maker functions.