Calling All Bullion Organizers: OJK Set to Introduce Four Types of Monthly Reports

In 2024, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued Regulation of the OJK No. 17 of 2024 on the Organization of Bullion Business Activities (“Regulation 17/2024”). Among the various provisions contained therein, Regulation 17/2024 requires all Financial Service Institutions (Lembaga Jasa Keuangan/“LJK”) that engage in bullion business activities (“Organizers”) to submit monthly reports on the implementation of their business activities (“Monthly Reports”) to the OJK.[1]