The authority to regulate financial institutions operating within the capital market sector has now been transferred from the Financial Institutions and Capital Market Supervisory Agency (Badan Pengawas Pasar Modal dan Lembaga Keuangan –“ BAPEPAM-LK ”) to the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”). This authority includes the authority to issue approvals to commercial custodian banks. [1]
OJK Redefines Provisions for Commercial Banks Planning to Engage in Custodian Activities
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