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    OJK Publishes Reporting Rules for Commercial Banks

    December 28, 2020

    OJK published the Regulation 63/POJK.03/2020 for commercial banks reporting through the Financial Services Authority Reporting System. OJK also published Regulation 26/SEOJK.03/2020 on reporting by conventional commercial banks and Regulation 27/SEOJK.03/2020 on reporting by Islamic commercial banks and Sharia business units. The frequently asked questions (FAQs) have been published for Regulation 27/SEOJK.03/2020. Banks and Sharia business units are required to prepare and submit a set of reports, comprising both structured and unstructured reports, to OJK in a complete, accurate, and timely manner. These three Regulations became effective on December 22, 2020. Another recent Regulation (64/POJK.03/2020) published by OJK amends Regulation 18/POJK.03/2017 concerning reporting and requests for debtor information through the financial information service system; the amendments in this regulation came into effect on December 29, 2020.

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    Effective Date: December 22, 2020/December 29, 2020

    Keywords: Asia Pacific, Indonesia, Banking, Reporting, Islamic Banks, FAQ, Credit Risk, OJK

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