The Financial Services Authority Regulation No. 1 of 2026 on the Utilization of Foreign Workers by Banks (“OJK Reg 1/2026”) introduces a more restrictive and structured framework for the employment of foreign workers (“TKA”) in the Indonesian banking sector, emphasizing tighter eligibility criteria, clearer role limitations, and stronger regulatory oversight. The regulation requires banks to integrate TKA utilization into their business plans, obtain prior OJK approval for key roles, and implement mandatory knowledge transfer programs to support domestic workforce development, while also imposing a maximum employment period of five years and enhanced reporting obligations to ensure ongoing supervision.

This Update provides an overview of financing service businesses recognised under the P2SK Law, including multifinance companies, venture capital companies, infrastructure finance companies, IT based peer to peer funding services, pawnshops, and other financing schemes regulated by OJK. It outlines their key activities, regulatory framework, and capital requirements within Indonesia’s financial sector.

The Supreme Court Regulation No. 4/2025: Procedural Framework for OJK’s Consumer-Protection Lawsuits

Indonesia’s Financial Services Authority (OJK) issued a draft regulation that formally allows OJK to represent and defend consumers in the financial sector through lawsuit

The Financial Services Authority issued OJK Regulation No. 39 of 2024 concerning Pawnshops, introducing updated rules to better regulate and support the industry’s evolving landscape.

OJK Regulation No. 31 of 2024 streamlines financial sector oversight by adopting a principle-based approach, consolidating previous rules, and reinforcing regulatory integrity in alignment with recent legislative reforms.

OJK issued OJK Regulation No. 29 of 2024 concerning Alternative Credit Scoring

OJK Reg 40/2024 was introduced to address the rapid growth of digital lending and emphasizes key priorities such as financial inclusion and consumer protection. 

Regulatory authority over crypto assets has transitioned from Bappebti to OJK, through Law 4/2023