OJK Plans Stricter Oversight of Investment Information Shared by Finfluencers

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) will soon issue an OJK Regulation (“POJK”) governing financial influencers (“finfluencers”). The regulation will provide more specific provisions supplementing Regulation of the Financial Services Authority No. 13 of 2025 on Internal Control and Conduct of Securities Companies Conducting Business Activities as Underwriters and Broker-Dealers (“POJK 13/2025”).

“It will function as a type of whitelist from OJK. It will be issued soon,” stated Eddy Manindo Harahap, Deputy Commissioner for the Supervision of Capital Market Investment Management and Securities Institutions at OJK. 

Under the forthcoming regulation, finfluencers will be required to comply with regulatory requirements established by OJK, including attending classes or training programs organized by OJK. They must also pass a competency assessment in the Financial Services Sector (Sektor Jasa Keuangan – “SJK”) before being permitted to engage in activities involving the dissemination of information to the public. 

OJK will also be granted the authority to issue written orders to information disseminators and other related parties where the dissemination of such information has caused or has the potential to cause losses to consumers and the public.