Purbaya: OJK to Have New Executive Head for Mineral Exchange Supervision
Finance Minister Purbaya Yudhi Sadewa has revealed that the new P2SK Bill, which has been agreed upon by the House of Representatives (DPR) for ratification in a plenary session, will lead to the addition of new seats on the Board of Commissioners of the Financial Services Authority (OJK).
He stated that the new OJK Board of Commissioners will manage the supervision of the mineral exchange and strategic commodities, as per the new key provisions established in the P2SK Bill. “In terms of institutional aspects, an improvement to the structure of the OJK Board of Commissioners has been agreed upon, including the addition of an executive head for the supervision of the mineral exchange and strategic commodities,” said Purbaya during a working meeting with Commission XI of the DPR regarding the P2SK Bill in Jakarta on Wednesday (3/6/2026).
Furthermore, Purbaya emphasised that the P2SK Bill will also refine all regulations regarding the selection of OJK commissioners moving forward, including requirements for candidates, dismissal, and the replacement of board members. This includes improvements to the regulations concerning the selection committee, candidate requirements, dismissal of members, replacement members, and committees within the Board of Commissioners environment.
As is known, the Working Committee for the discussion of the Bill to Amend the Law on the Development and Strengthening of the Financial Sector (UU P2SK) has completed the discussion of the new draft law, which will revise Law Number 4 of 2023. The Chairman of Commission XI of the DPR, Mukhamad Misbakhun, has officially approved the agreement after the report contents were agreed upon by all DPR factions in Commission XI alongside the government, represented by Finance Minister Purbaya Yudhi Sadewa and Minister of Law Supratman Andi Agtas.
“The eight factions in Commission XI of the DPR have approved the Bill regarding the amendment to Law Number 4 of 2023 concerning P2SK, to be brought forward to the second-level discussion in the plenary session of the DPR RI to be approved as Law,” Misbakhun stated.
During the working meeting, the Chairman of the P2SK Bill Working Committee and Vice Chairman of Commission XI, Mohammad Hekal, read out the main materials and regulations contained within the Bill. “There are 17 key materials and regulations in the P2SK Amendment Bill that have been agreed upon during the working committee discussions,” said Hekal in the Commission XI Meeting Room, Jakarta.
The 17 key materials and regulations in the P2SK Amendment Bill include:
LPS (Deposit Insurance Corporation) institution
OJK institution
Bank Indonesia institution
Performance evaluation of LPS, OJK, and Bank Indonesia by the DPR
Expansion of scope for banking and Sharia banking businesses
Demutualisation of the Stock Exchange in the Capital Market
Margin transfers in financial market transactions
Danantara Debt Securities
Insurance and Sharia insurance companies in resolution
Mandatory traffic accident insurance funds
Mineral exchange and strategic commodities
Crypto assets
Task force for the prevention and handling of online loans and online gambling
Indonesia’s international financial centre
Handling of bad debts for MSMEs
Investigation and inquiry in the financial services sector as well as restorative justice mechanisms
Banks under recovery