To support banks during the provision of various services that are specifically tailored to meet customer needs and to offer them flexibility as they conduct their activities while adhering to the prudential principles, the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued Regulation No. 26 of 2024 on the Expansion of Banking Business Activities (“ Regulation 26/2024 ”), which has been in force since 13 December 2024.
Greater Freedom and Flexibility for Bank Investments: New Regulation Introduced on the Expansion of Banking Activities
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