Procedure for Collecting OJK?s Levies

The Financial Services Authority (“OJK”) has issued Regulation No. 3/POJK.02/2014 on Procedures for Collecting Levies by the Financial Service Authority (“OJK Regulation”).

The OJK Regulation sets out guidelines for the OJK in collecting levies from financial services institutions and financial services industry support professionals and their firms (Public Accounts, Public Assessors, Legal Consultants, Notaries, Actuaries). The OJK Regulation implements Government Regulation No. 11 of 2014 on Levies by the Financial Services Authority (“Government Regulation”) (see ILB No. 2348).