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Nadya Sagita

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Nadya Sagita is an associate in Baker McKenzie Jakarta office, in Hadiputranto, Hadinoto & Partners.
In Asia-Pacific

Indonesia: The OJK has issued a new regulation on risk management for Non-Bank Financial Institutions

by , , and 4 Mins Read

The Indonesian Financial Services Authority (OJK) has issued OJK Regulation No. 44 of 2020 on Risk Management for Non-Bank Financial Institutions. Non-bank financial institutions under this regulation include insurance companies, pension funds and financing companies. This regulation replaces OJK Regulation No. 1 of 2015 on the same subject matter. This regulation has already come into effect. 

In AML & Financial Services Regulatory

Indonesia: The OJK has issued a new regulation on risk management for Non-Bank Financial Institutions

by , , and 4 Mins Read

The Indonesian Financial Services Authority (OJK) has issued OJK Regulation No. 44 of 2020 on Risk Management for Non-Bank Financial Institutions. Non-bank financial institutions under this regulation include insurance companies, pension funds and financing companies. This regulation replaces OJK Regulation No. 1 of 2015 on the same subject matter. This regulation has already come into effect.

In this publication, we focus on the impact of the regulation on insurance companies and insurance intermediary companies. For the purpose of this publication, ‘insurance companies’ also refers to insurance intermediary companies.