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    OJK Amends Circular on Monthly Reports by Shariah Entities

    August 22, 2019

    OJK published a circular (Number/SEOJK. 05/2019), which amends Circular Number 4/SEOJK.05/2016, on monthly reports of Shariah finance companies and Shariah business units of financing companies. Responses were requested until September 06, 2019. Circular Number/SEOJK. 05/2019 shall come into force on December 01, 2019.

    The key amendments to Circular Number 4/SEOJK.05/2016 include the following:

    • Appendix I on form, composition, and guidelines for preparation of monthly reports has been amended.
    • Appendix II on format of application for changes in the board of directors that are responsible for the monthly reporting has been amended.
    • Appendix III on application format for user code (user id) and password for monthly report system has been amended.
    • Appendix IV on format of application for changes to user code (user id) and password application of monthly report system has been amended.

     

    Related Links (in Indonesian)

    Comment Due Date: September 06, 2019

    Effective Date: December 01, 2019

    Keywords: Asia Pacific, Indonesia, Banking, Reporting, Islamic Banking, Shariah, OJK

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