IDXChannel - The Financial Services Authority (OJK) will strengthen 53 regulations as a follow-up to Law Number 4 of 2023 on Fiinancial Sector Development and Strengthening (PPSK).
The Deputy Chief of OJK’s Board of Commissioners Mirza Adityaswara informed that some regulations would be prioritizes so that they could be completed faster. The move would be based on the stipulations within the PPSK law.
For instance, there are regulations that would need to be strengthened within six months, a year, and even two years.
“We have identified, currently out of 216 mandates in various fields, approximately 53 will be translated into OJK regulations,” he said.
“So, we work based on guidance from the law, depending on the priorities,” he added.