Parliament Approves Five Members of Financial Services Authority Board for 2026-2031 Period
JAKARTA - A plenary session of the House of Representatives approved five members of the Financial Services Authority (Otoritas Jasa Keuangan, OJK) board for the 2026-2031 term.
The approval came after Commission XI of the House of Representatives submitted a report on the results of the fitness and propriety test of the candidates.
The plenary session was held at the Parliamentary Complex in Senayan, Jakarta, on Thursday, 12 March 2026, with the approval of the composition of the OJK Board of Commissioners for the 2026-2031 term as one of the main agenda items. The plenary session was chaired by House Speaker Puan Maharani.
Misbakhun explained that the House Speaker had received a letter from the President dated 9 March 2026 regarding the submission of candidates for the OJK Board of Commissioners. He stated that the House Speaker had received the President’s letter concerning the candidates for the OJK Board of Commissioners.
According to the provisions of Law No. 21 of 2011 on the Financial Services Authority as amended by Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector, OJK Board members are selected by the House of Representatives based on candidates proposed by the President.
Following a decision made at a plenary session of the House on 10 March 2026, the discussion of candidates for the OJK Board was assigned to Commission XI of the House.
Commission XI subsequently conducted fitness and propriety tests for ten candidates for the OJK Board on 11 March 2026. Through an internal meeting on the same day, Commission XI decided by consensus to approve five names as selected OJK Board members for the 2026-2031 period.
Additionally, Dicky Kartikoyono was appointed as Executive Head of the Supervision of the Conduct of Financial Services Business Operators, Education, and Consumer Protection. Adi Budiarso was appointed as Executive Head of Supervision of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets.
In his report, Misbakhun expressed hope that the new OJK Board could strengthen public confidence in the national financial services industry. He believed that the new leadership at the OJK was expected to strengthen the credibility of the financial sector supervisory body whilst supporting the development of the capital market and financial services industry in Indonesia.
After the report was presented, the chair requested approval from all House members present at the plenary session. The House subsequently approved the five OJK Board members for the 2026-2031 term. House Speaker Puan asked whether the Commission XI report on the fitness and propriety test results could be approved, and members unanimously consented.