The OJK has adjusted several provisions that relate to the marketing of insurance products through cooperation with commercial banks

The Amendment has now revised several points that relate to insurance companies, including additional financial reputations of non-shareholder controllers of insurance companies ("Non-Shareholder Controllers") and detailed arrangements of the integrity and/or financial feasibility or financial reputations of Non-Shareholder Controllers

The opening and closing of BI checking accounts, as well as any changes that are made to such accounts will all be completed through the Licensing Front Office, as provided through the BI Service App

Generally speaking, this legal framework addresses various aspects that relate to the organization of cyber defense and security by Banks, including the following areas: 1) Inherent risk assessment; 2) Implementation of risk management in relation to cyber security; 3) Cyber defense processes; 4) Assessments of cyber security maturity levels; 5) Cyber security risk levels; 6) Cyber security testing; 7) Cyber defense or security units and functions; 8) Procedures for the filing of cyber incident reports

Commencing 1 January 2024, all Banks must calculate their risk-weighted assets for market risks

In implementing this Know-Your-User Principle, PPAT must at least implement the following three measures: 1) User identification; 2) User verification; and 3) Supervision of User transactions

The new procedures for customs examinations within the import sectors will now utilize various technologies, including the Computer Service System (Sistem Komputer Pelayanan/SKP), as well as artificial intelligence systems.

SDM working at commercial banks are required to secure Risk Management Certificates (SMR) whenever they occupy SDM positions. In this regard, the following parties are now obliged to secure SMR: 1) Members of boards of directors; 2) Members of boards of commissioners; 3) Executive officials; and 4) Non-executive officials

Domestic and/or cross-border carbon trading should be carried out based on the Roadmap for Carbon Trading Within the Power-Plant Subsector between 1 January and 31 December of each year, either through Emissions trading or through a GHG offset mechanism

Several changes have been made in relation to the implementation of the new protocol of the Jakarta Automated Trading System (JATS) and market Order Fill and Kill (FAK) during the pre-opening and pre-closing of the trading process at PT Bursa Efek Indonesia