OJK Issues Two Regulations on the Supervision of BP Tapera and Equity Capital Activity Undertaken by Commercial Banks

  • The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") has issued two new regulations, specifically: 1) Regulation No. 20 of 2022 ("Regulation 20/2022") on the Supervision of the Organizing Body for Public Housing Savings (Badan Pengelola Tabungan Perumahan Rakyat – "BP Tapera"); and 2) Regulation No. 22 of 2022 ("Regulation 22/2022") on Equity Capital Activity Undertaken by Commercial Banks ("Banks").
  • Regulation 20/2022 represents an expression of the OJK’s duty and authority to supervise BP Tapera. The scope of this OJK supervision includes the supervision of BP Tapera’s compliance with the applicable laws and regulations, as well as with internal BP Tapera provisions that address the body’s organization, asset management and implementation of governance and risk management. The OJK will carry out on-site and off-site supervisions on an annual basis or whenever it deems necessary.
  • The OJK’s other new regulatory framework, Regulation 22/2022, specifically regulates equity capital activity, as undertaken by Banks, including the use of temporary equity capital in order to maintain the sustainability, competitiveness and efficiency of the national banking sector. Alongside the development of various business activities, as well as information technology and the financial services sector as a whole, the OJK is also now offering Banks greater flexibility in relation to various equity capital-related areas. Regulation 22/2022 leans towards being principle-based in nature in order to support the business strategies of Banks, as well as to ensure that the new framework is in harmony with existing regulations.
  • For more on this story, see Hukumonline: “OJK Terbitkan Dua Aturan Soal Pengawasan BP Tapera dan Penyertaan Modal Bank
......

Sudah memiliki akun? Masuk

Hukumonline Pro

Berlangganan sekarang untuk akses tak terbatas ke berbagai Analisis Hukum!

Tingkatkan kualitas penelitian hukum Anda dengan berlangganan Paket Professional Hukumonline Pro dan dapatkan lebih banyak analisis hukum untuk referensi yang komprehensif

PRO PLUS

Rp 7.500.000

per bulan

  • Semua Fitur Paket Professional
  • Layanan Penerjemahan Peraturan
  • Precedent Hukumonline
  • Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

  • Semua Fitur Paket Standard
  • Terjemahan Peraturan
  • Peraturan Konsolidasi
  • Premium Stories
  • Monthly Law Review (MLR)
  • Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

  • Indonesian Legal Brief (ILB)
  • Daily Updates
  • Bantuan Layanan Pencarian Peraturan
  • Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent
  • The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") has issued two new regulations, specifically: 1) Regulation No. 20 of 2022 ("Regulation 20/2022") on the Supervision of the Organizing Body for Public Housing Savings (Badan Pengelola Tabungan Perumahan Rakyat – "BP Tapera"); and 2) Regulation No. 22 of 2022 ("Regulation 22/2022") on Equity Capital Activity Undertaken by Commercial Banks ("Banks").
  • Regulation 20/2022 represents an expression of the OJK’s duty and authority to supervise BP Tapera. The scope of this OJK supervision includes the supervision of BP Tapera’s compliance with the applicable laws and regulations, as well as with internal BP Tapera provisions that address the body’s organization, asset management and implementation of governance and risk management. The OJK will carry out on-site and off-site supervisions on an annual basis or whenever it deems necessary.
  • The OJK’s other new regulatory framework, Regulation 22/2022, specifically regulates equity capital activity, as undertaken by Banks, including the use of temporary equity capital in order to maintain the sustainability, competitiveness and efficiency of the national banking sector. Alongside the development of various business activities, as well as information technology and the financial services sector as a whole, the OJK is also now offering Banks greater flexibility in relation to various equity capital-related areas. Regulation 22/2022 leans towards being principle-based in nature in order to support the business strategies of Banks, as well as to ensure that the new framework is in harmony with existing regulations.
  • For more on this story, see Hukumonline: “OJK Terbitkan Dua Aturan Soal Pengawasan BP Tapera dan Penyertaan Modal Bank
......

Sudah memiliki akun? Masuk

Hukumonline Pro

Berlangganan sekarang untuk akses tak terbatas ke berbagai Analisis Hukum!

Tingkatkan kualitas penelitian hukum Anda dengan berlangganan Paket Professional Hukumonline Pro dan dapatkan lebih banyak analisis hukum untuk referensi yang komprehensif

PRO PLUS

Rp 7.500.000

per bulan

  • Semua Fitur Paket Professional
  • Layanan Penerjemahan Peraturan
  • Precedent Hukumonline
  • Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

  • Semua Fitur Paket Standard
  • Terjemahan Peraturan
  • Peraturan Konsolidasi
  • Premium Stories
  • Monthly Law Review (MLR)
  • Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

  • Indonesian Legal Brief (ILB)
  • Daily Updates
  • Bantuan Layanan Pencarian Peraturan
  • Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent