Jakarta, 1 November 2024. The Monthly Board of Commissioners Meeting of the Indonesia Financial Services Authority (OJK) on 30 October 2024 assessed that the stability of the financial services sector remains sound amid rising geopolitical risks and weakened global economic activity.
This OJK Regulation is issued to align the provisions regarding the time limit for submitting reports on share ownership or any changes in share ownership as regulated in Law No. 4 of 2023 concerning the Development and Strengthening of the Financial Sector (FSOL) which regulates the time limit for submitting reports on share ownership or any changes in share ownership.
The issuance of OJK Regulation Number 18/2024 aims to support Indonesia’s sustainable economic development and to implement the OJK sustainable finance roadmap.
Advancing Digital Financial Literacy and Inclusion, Strengthening the Fintech Ecosystem: OJK, AFTECH, AFSI, and AFPI to Host the 6th Indonesia Fintech Summit & Expo (IFSE) and National Fintech Month (BFN) 2024.
The financial markets have strengthened amid positive sentiment due to the central bank's rate cut cycle period. However, the outlook for global economic activity has weakened.