OJK Prepares Draft Regulation on Digital Banking Services

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) is currently preparing a Draft Regulation on Digital Services Offered by Commercial Banks (“Draft Regulation”), which, when it comes into force, will repeal and replace Regulation of the OJK No. 12/POJK.03/2018 of 2018 on the Organization of Digital Banking Services by Commercial Banks (“Regulation 12/2018”).[1] Inputs from the general public can be submitted to the OJK before a deadline of 15 July 2023 through the following parties: 1) Adnan Sharif ([email protected]); 2) Aisia Armindita ([email protected]); or 3) Lintang Galih Pratiwi ([email protected]).[2]