{
    "success": true,
    "data": {
        "id": 1787370,
        "msgid": "ojk-levy-scheme-for-financial-services-sector-to-continue-1780696281",
        "date": "2026-06-05 22:17:44",
        "title": "OJK: Levy Scheme for Financial Services Sector to Continue",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Regulation",
        "summary": "Indonesia's Financial Services Authority (OJK) has confirmed that its funding will continue to come from levies on the financial industry, after a proposal to use surplus funds from Bank Indonesia and the Deposit Insurance Corporation was rejected during revisions to the P2SK Law. The amended law also expands OJK's mandate to include oversight of mineral and strategic commodity exchanges. OJK leadership has pledged to execute these new responsibilities professionally and accountably.",
        "content": "<p>The Financial Services Authority (OJK) has stated that a funding\nproposal sourced from the surplus of Bank Indonesia (BI) and the Deposit\nInsurance Corporation (LPS) was not agreed upon in the final discussion\nof the revision to the P2SK Law, meaning levies on the financial\nservices industry will remain in effect. Deputy Chairman of the OJK\nBoard of Commissioners Hernawan Bekti Sasongko confirmed in a press\nconference that the current funding scheme, which relies independently\non levies from the financial services sector and state budget support,\nwill continue as stipulated by the existing P2SK Law. Hernawan asserted\nthat OJK will execute the mandate provided through the revision\neffectively, professionally, and accountably. He noted that\ninfrastructure support, including the budget, is a logical consequence\nof the new mandate and expressed confidence that it will be a shared\nconcern to ensure quality regulation and supervision supporting public\ninterest.<\/p>\n<p>Regarding the House of Representatives\u2019 authority to evaluate OJK\u2019s\nperformance, Hernawan explained that this mechanism is already regulated\nunder current provisions. OJK is required to submit a written\ninstitutional performance report to the President and the House, which\nis then evaluated as part of the annual assessment. He said that\nperformance evaluation is inherent in OJK\u2019s accountability framework. On\nthe addition of new tasks, including the regulation and supervision of\nmineral and strategic commodity exchanges, OJK Chairman Friderica\nWidyasari Dewi said the institution is fully committed to carrying out\nthe mandate and trust given by the government and parliament through the\nlegal changes. She views this as part of efforts to strengthen and\nmaintain the stability of Indonesia\u2019s financial sector, adding that OJK\nwill continue to perform its regulatory, supervisory, and consumer\nprotection functions professionally, prudently, and accountably.<\/p>\n<p>Previously, during a public hearing, Commission XI of the Indonesian\nHouse of Representatives had discussed the idea of abolishing OJK levies\non the financial industry, suggesting funding could instead come from BI\nand LPS surpluses rather than from non-tax state revenues. The House\u2019s\nplenary session subsequently approved the revision of Law Number 4 of\n2023 concerning the Development and Strengthening of the Financial\nSector. One of the 15 material changes includes expanding OJK\u2019s duties\nto supervise and regulate activities in the capital market sector,\nderivative finance, carbon exchanges, and mineral and strategic\ncommodity exchanges, along with the management of other public\nfunds.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-levy-scheme-for-financial-services-sector-to-continue-1780696281",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}