{
    "success": true,
    "data": {
        "id": 1638906,
        "msgid": "facing-ojk-sanction-bank-neo-commerce-assures-normal-operations-1774615886",
        "date": "2026-03-27 19:22:00",
        "title": "Facing OJK Sanction, Bank Neo Commerce Assures Normal Operations",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "Bank Neo Commerce Tbk (BBYB) has responded to the Financial Services Authority (OJK) decision revoking its registration as a Level I Institutional Securities Trading Intermediary Marketing Partner, citing non-implementation of the program within one year. The bank clarified that the sanction pertains to an unlaunched referral programme for securities trading and does not affect its ongoing digital banking operations or other wealth management services like mutual funds and bancassurance. BNC emphasised its commitment to regulatory compliance and good corporate governance, vowing to continue active coordination with authorities.",
        "content": "<p>JAKARTA - PT Bank Neo Commerce Tbk (BBYB) has issued a statement\nregarding the Financial Services Authority (OJK) Commissioner Council\u2019s\nDecision No.\u00a0KEP-3\/PM.13\/2026 on the Revocation of the Registration\nCertificate for Level I Institutional Securities Trading Intermediary\nMarketing Partner of PT Bank Neo Commerce Tbk. The President Director of\nPT Bank Neo Commerce Tbk, Eri Budiono, stated that the decision relates\nto a referral permit to securities companies for customers interested in\nstock trading transactions, which has not yet been launched by the bank.\nBank Neo Commerce strives to conduct its business activities\nresponsibly, prudently, and in accordance with good corporate governance\nprinciples. He explained that the revoked permit concerns a referral\nprogramme that has not been launched in connection with the OJK\ncommissioner council\u2019s decision. \u201cThe revoked permit is for the bank to\nprovide referrals to securities companies for customers who have an\ninterest in stock trading,\u201d he added. Eri elaborated that the referral\nprogramme was planned as a new product to develop wealth management\nservices, which has not yet been launched to date. Nevertheless, BNC\nstated that the decision does not impact the bank\u2019s operational\nactivities or other currently available product services for customers\nand the public. All BNC digital banking services continue to operate\nnormally, including wealth management products such as mutual funds,\nbancassurance, gold services, and other digital banking products and\nservices. Customers and the public can continue to access all these\nservices fully and without disruption, as usual. Furthermore, as a\nbanking institution under the supervision of banking and capital market\nregulators, BNC expressed full respect for every policy and regulatory\ndirection set by all relevant regulators, and continues to actively\ncoordinate with related parties. \u201cBank Neo Commerce fully respects every\npolicy and regulatory direction implemented by the relevant regulators\nand will continue to foster active coordination to ensure compliance\nwith all applicable provisions,\u201d Eri concluded. Previously, the Deputy\nCommissioner for Licensing and Supervision of Capital Market Investment\nManagement and Securities Institutions at OJK, Eddy Manindo Harahap,\nstated that the sanction was given considering the facts and information\nobtained from supervision. The digital bank was found to have violated\nthe provisions of Article 11 paragraph (1) of OJK Regulation\nNo.\u00a021\/POJK.04\/2021 on Securities Trading Intermediary Marketing\nPartners. \u201cBecause it did not carry out Securities Trading Intermediary\nMarketing Partner activities within one year since obtaining the\nregistration certificate for Securities Trading Intermediary Marketing\nPartner from OJK,\u201d he added. He further noted that with the revocation\nof the aforementioned Level I Institutional Securities Trading\nIntermediary Marketing Partner registration certificate, PT Bank Neo\nCommerce Tbk is prohibited from conducting activities as a Securities\nTrading Intermediary Marketing Partner.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/facing-ojk-sanction-bank-neo-commerce-assures-normal-operations-1774615886",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}