| Issue Number : 4300

OJK Amends Technical Provisions on Reassessments of the Primary Parties of Banks

In response to the issuance of Regulation of the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) No. 14/POJK.03/2021 on the Amendment to Regulation of the OJK No. 34/POJK.03/2018 on the Reassessment of the Primary Parties of Financial Services Institutions (together referred to as “Regulation 14/2021”),[1] the OJK recently issued Circular of the OJK No. 32/SEOJK.03/2021 (“Amendment”) on the Amendment to Circular of the OJK No. 9/SEOJK.03/2019  on the Reassessment of the Primary Parties of Banks (“Circular 9/2019”).[2]

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In response to the issuance of Regulation of the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) No. 14/POJK.03/2021 on the Amendment to Regulation of the OJK No. 34/POJK.03/2018 on the Reassessment of the Primary Parties of Financial Services Institutions (together referred to as “Regulation 14/2021”),[1] the OJK recently issued Circular of the OJK No. 32/SEOJK.03/2021 (“Amendment”) on the Amendment to Circular of the OJK No. 9/SEOJK.03/2019  on the Reassessment of the Primary Parties of Banks (“Circular 9/2019”).[2]

......

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