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Kamis, Januari 7, 2021 | Issue Number : 4037

OJK Amends Provisions on Countercyclical Policy for Non-Bank Financial Services Institutions

ID Indonesian translation

Through the issuance of Regulation No. 14/POJK.05/ 2020 (“Regulation 14/2020”),[1] the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced a number of countercyclical policies aimed at optimizing the performance of non-bank financial services institutions (lembaga jasa keuangan non-bank – “LJKNB”) in an attempt to ensure the overall stability of the financial system as the country battles the impacts of the ongoing Coronavirus Disease 2019 (“COVID-19”) pandemic.[2]

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Through the issuance of Regulation No. 14/POJK.05/ 2020 (“Regulation 14/2020”),[1] the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) introduced a number of countercyclical policies aimed at optimizing the performance of non-bank financial services institutions (lembaga jasa keuangan non-bank – “LJKNB”) in an attempt to ensure the overall stability of the financial system as the country battles the impacts of the ongoing Coronavirus Disease 2019 (“COVID-19”) pandemic.[2]

......

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*Syarat dan ketentuan berlaku

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