Mechanisms for Paying OJK Levies

The Financial Services Authority (“OJK”) has issued Circular Letter No. 4/SEOJK.02/2014 on Payment Mechanisms for OJK Levies (“Circular Letter”).

The Circular Letter sets out technical guidelines for banks (commercial, sharia, and foreign bank branch office) as well as non-bank financial institutions on how to pay OJK levies through appointed banks and record the payment on OJK’s online information system called “SIPO” (Sistem Informasi Penerimaan OJK – https://sipo.ojk.go.id/sipo). The Circular Letter also sets out guidelines for manually recording payment at times when SIPO is not available.