The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is currently preparing a Draft Regulation on the Amendment (“ Draft Amendment ”) to Regulation of OJK No. 3 of 2024 (“ Regulation 3/2024 ”) on the Organization of Financial Sector Technological Innovation (Inovasi Teknologi Sektor Keuangan– “ ITSK ”). [1]
New ITSK Compliance Framework Incoming: Semesterly Reporting, Quarterly Self-Assessments, and Monetary Fines for Reporting Failures
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