Govt. Rolls out One-Stop Financial Reporting Platform: Financial Report Access Opened to Diverse Stakeholders

In 2023, Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“ Law 4/2023 ”) mandated the submission of financial reports ( “Reports ”) by financial sector business actors (Pelaku Usaha Sektor Keuangan– “ PUSK ”) and parties that conduct business interactions with financial sector institutions (“ Parties ”), both of whom are the owners of the Reports (collectively referred to as “ Reporting Entities ”). Said Reports must be submitted through a one-stop platform, i.e. financial reporting single window (Platform Bersama Pelaporan Keuangan– “ PBPK ”) based on financial reporting standards (“ Standards ”) that are determined by a Standards Committee (“ Committee ”).