OJK Integrates Periodic Reporting for Guarantee Institutions

The Financial Services Authority (“OJK”) is finalizing Draft Regulation of OJK (“Draft Regulation”) on periodic reporting for guarantee institutions and reinsurance companies. This step is being taken to strengthen the supervisory infrastructure of the guarantee industry by providing more comprehensive financial and operational data.

Ogi Prastomiyono, the OJK’s Executive Director for Insurance, Guarantee, and Pension Fund Supervision, stated that, to date, the reporting obligations of guarantee institutions have remained fragmented. Guarantee institutions must refer to Regulation of OJK (“Regulation”) No. 3/POJK.05/2013 Tahun 2013 (“Regulation 3/2013”) on Monthly Reports of Non-Bank Financial Services Institutions (“LJKNB”) for monthly reports, while annual reports and disclosures are governed by Regulation No. 11 of 2025 on the Organization of Guarantee Institutions (“Regulation 11/2025”).

“This new Draft Regulation serves as a single legal framework that integrates various types of periodic reports previously scattered across different regulations,” Ogi told Hukumonline.

Through the standardization of these periodic reports, OJK hopes to monitor the financial soundness of LJKNB, particularly in the face of economic dynamics that could potentially increase credit and guarantee risks.