OJK Revamps Reporting Framework Through APOLO: Periodic and Incidental Reporting Now Mandatory for Banks and KPBLN, with Maximum Fines of Rp. 10 million Available for Inaccurate Reporting

In 2020, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued Regulation No. 63/POJK.03/2020 on Commercial Bank (“Banks”) Reporting Through the OJK Reporting System (“Regulation 63/2020”),[1] which was aimed at the digitalization of certain types of reports that were still being submitted to the OJK via offline means.[2] However, in order to further enhance effectiveness and efficiency in relation to report submissions, the OJK recently introduced Regulation No. 22 of 2025 (“Regulation 22/2025”), which bears the same title as Regulation 63/2020 and which has been in force since 2 October 2025.[3]