A. Issuance of IAKD Regulations
Throughout 2024, the OJK has issued POJK Number 3 of 2024 concerning the Implementation of Financial Sector Technological Innovation (POJK 3/2024), which is a provision for the implementation of the P2SK Law. Through POJK 3/2024, OJK regulates and supervises the implementation of FSTI which includes, among others: Sandbox improvement, sandbox results and follow-up (registration or business license), monitoring and evaluation, supervision, and aspects of consumer protection, financial education, consumer personal data protection, and the development of a financial sector technology innovation center.
In addition, OJK has also issued provisions for the implementation of POJK 3/2024, namely
SEOJK Number 5 of 2024 concerning the Mechanism of Trial and Innovation Development Rooms;
SEOJK Number 6 of 2024 concerning Registration of FSTI Providers;
SEOJK Number 7 of 2024 concerning Reporting of FSTI Providers Registered with OJK; and
SEOJK Number 8 of 2024 concerning the FSTI Organizer Association.
More detailed information related to IAKD regulations that have been issued by the OJK can be seen on the Regulatory.
B. Launch of IAKD Guidelines and Guidance
- Launch of the Financial Sector Technology Innovation Provider Anti-Fraud Strategy Guide (FSTI) to mitigate the risk of fraudulent practices and build public trust.
The launch of the Cybersecurity Guideline in the IAKD Supervision Field on July 8, 2024 as a foundation in strengthening cybersecurity for FSTI Providers.
The launch of the Roadmap for the Development and Strengthening of Technological Innovation in the Financial Sector, Digital Financial Assets, and Crypto Assets 2024 - 2028 (IAKD Roadmap 2024 -2028) with the theme Welcoming the Future of Digital Finance: Laying the Foundation for Effective and Balanced Supervision.
More detailed information related to the IAKD guidelines and guidelines that have been published by the OJK can be seen on the Publication Channel > Roadmap and Guidelines for > Technological Innovation in the Financial Sector, Digital Financial Assets, and Crypto Assets.
