Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Crypto Lobby backs Dev Suite DOJ in ongoing Open Source Code efforts

July 10, 2025

RUVI AI is gaining traction with savvy investors as its audit success and initial bonuses fuel optimistic outlooks.

July 10, 2025

Fintech Startup Targeting NRIs Secures $5 Million in Funding from Elevation Capital

July 9, 2025

Gartner Finance Conference 2025: Summit on AI and Autonomous Finance in London

July 9, 2025
Facebook X (Twitter) Instagram
Trending
  • Crypto Lobby backs Dev Suite DOJ in ongoing Open Source Code efforts
  • RUVI AI is gaining traction with savvy investors as its audit success and initial bonuses fuel optimistic outlooks.
  • Fintech Startup Targeting NRIs Secures $5 Million in Funding from Elevation Capital
  • Gartner Finance Conference 2025: Summit on AI and Autonomous Finance in London
  • Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition
  • Fintech Startup for NRIs Secures $5 Million Funding Round Led by Elevation Capital
  • Fintech Company Catering to NRIs Secures Over RS 43 Crores in Funding Round Led by Elevation Capital
  • St. Luke’s reduces costs by $13,000 per clinician using AI-driven pre-cartography summaries.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025

    Fintech Company Pine Labs Submits Documents to SEBI for IPO Fundraising

    July 4, 2025

    British Fintech Zilch Seeking International Tender Opportunities

    July 4, 2025

    Fintech Company Pine Labs Submits IPO Documents to SEBI for Fundraising, According to Reports

    June 26, 2025

    Breaking News: Initial lineup of demonstrations revealed for FinovateFall 2025

    June 12, 2025
  • AI

    Gartner Finance Conference 2025: Summit on AI and Autonomous Finance in London

    July 9, 2025

    St. Luke’s reduces costs by $13,000 per clinician using AI-driven pre-cartography summaries.

    July 9, 2025

    Understanding Agent AI and Its Significance in Finance

    July 9, 2025

    Exploiting AI for Recruitment and Funding in Terrorist Organizations: A Focus on the Islamic State

    July 8, 2025

    The upcoming major challenge: examining AI accountability in financial services

    July 8, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025

    Irish fintech remains on a remarkable growth trajectory, contrary to global trends.

    June 12, 2025
  • Insights

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025

    Finance Magnates Reports: XBO Designated as Top Cryptocurrency Payment Gateway. XBO’s core principles of trust and simplicity align with cutting-edge solutions, providing customers access to an award-winning crypto payment option. 16 hours ago

    June 26, 2025

    Fintech Bank competes with HSBC and Lloyds in the current account market.

    June 24, 2025
  • Rumors

    Blackrock XRP ETF Speculation Ignites Interest in the Crypto Market

    July 9, 2025

    PayTM’s Share Price Drops by 10%: Understanding MDR and the Call from FinTech Companies for Government Action.

    July 5, 2025

    PayTM restricts 10% amid rumors of government cancellation of MDR – Is the expansion of UPI in India becoming a challenge for fintech companies? More details here.

    July 2, 2025

    The Giant Fintech Green Point Captivates Investment Capital Interest

    June 25, 2025

    Chinese Ant Group refutes speculation about a partnership with Rwa and Stablecoin.

    June 20, 2025
  • Startups

    Crypto Lobby backs Dev Suite DOJ in ongoing Open Source Code efforts

    July 10, 2025

    RUVI AI is gaining traction with savvy investors as its audit success and initial bonuses fuel optimistic outlooks.

    July 10, 2025

    Fintech Startup Targeting NRIs Secures $5 Million in Funding from Elevation Capital

    July 9, 2025

    Fintech Startup for NRIs Secures $5 Million Funding Round Led by Elevation Capital

    July 9, 2025

    Fintech Company Catering to NRIs Secures Over RS 43 Crores in Funding Round Led by Elevation Capital

    July 9, 2025
  • finjobsly
fintechbits
Home » Indonesia’s Financial Conglomeration Landscape: Insights into Recent Regulatory Developments
Regulatory Updates

Indonesia’s Financial Conglomeration Landscape: Insights into Recent Regulatory Developments

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Jakarta.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Overview of Indonesia’s Financial Conglomeration Regulation

The Financial Services Authority, known in Indonesian as Otoritas Jasa Keuangan (OJK), has officially launched the eagerly awaited regulatory framework governing financial conglomeration in Indonesia. The OJK Regulation No. 30 of 2024 (POJK 30) establishes guidelines for the creation and appointment of Financial Portfolio Companies (Perusahaan Induk Konglomerasi Keuangan, PIKK). These legal entities are tasked with overseeing, consolidating, and supervising all activities related to financial conglomerates. This significant regulation was enacted on December 23, 2024.


Transition from Previous Regulation

With the introduction of POJK 30, the previous OJK Regulation No. 45 / POJK.03 / 2020 (POJK 45), which outlined the earlier framework for financial conglomeration, has been formally revoked. This transition marks a pivotal moment in Indonesia’s effort to create a robust regulatory environment for its financial sector.

Key Provisions of POJK 30

POJK 30 aligns with the criteria for PIKK as detailed in Law No. 4 of 2023, aimed at developing and strengthening the financial sector (P2SK Law). The new regulation outlines the criteria needed for groups to be recognized as financial conglomerates. Entities that meet these criteria must file for PIKK establishment by June 23, 2025, ensuring compliance with the latest regulatory standards.

Defining Financial Conglomerates

To qualify as financial conglomerates under POJK 30, controlling shareholders of financial institutions within a group must adhere to specific asset thresholds. A conglomerate is defined as:

  1. Having consolidated assets of at least 100 trillion IDR with a minimum of two institutions across different financial sectors;
  2. Or possessing consolidated assets between 20 trillion IDR and 100 trillion IDR with at least three institutions in various financial sectors.

The categories of eligible financial services entities have also broadened to include venture capital firms, peer-to-peer lenders, and crowdfunding service providers, expanding the scope of participation in the financial sector.

Types of Financial Portfolio Companies (PIKK)

POJK 30 establishes two types of PIKK: operational and non-operational.

  • Operational PIKK: A financial service institution managed and appointed by controlling shareholders.
  • Non-operational PIKK: A non-financial service institution designated by the controlling shareholders.

The PIKK plays a critical role in integrating the financial activities of its conglomerate, overseeing strategic investments, providing management services, and enabling capital allocation among its members.

Control and Ownership Criteria

POJK 30 refines the definition of control compared to POJK 45 by detailing the elements that qualify an entity to exercise control over its conglomerate. A PIKK is considered as controlling its members if it:

  1. Holds over 50% of member shares;
  2. Possesses 50% or fewer shares but still exerts control;
  3. Is required by accounting standards to consolidate financial statements;
  4. Jointly controls a member with other parties holding between 20% and 50% of shares under a written agreement.

Implications and Next Steps

Entities planning to establish a PIKK must submit their applications by June 23, 2025, and any necessary restructurings to form a financial conglomerate should be completed within one year from the initial approval, unless otherwise authorized by the OJK.

In summary, POJK 30 represents a significant advance in integrating oversight within Indonesia’s financial services landscape, reinforcing the country’s commitment to a cohesive and resilient financial ecosystem. Institutions looking to comply with these new requirements should take proactive measures to align with the new standards. For more information regarding POJK 30 and its potential implications for your organization, please reach out to us for expert guidance.

Download the alert

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Baker McKenzie Expands Fintech Team in Washington with Two New Partner Additions from A&O Shearman

June 26, 2025

Assessment Revision in Fintech by an Asian Legal Firm

June 23, 2025

Revised Nasdaq SAMA Reporting Guidelines: Enhanced Data Detail Aims to Boost Transparency and Investment in Saudi Arabia, Exploring the Financial Implications of Regulatory Changes – October 11, 2024

June 21, 2025
Leave A Reply Cancel Reply

Latest news

Crypto Lobby backs Dev Suite DOJ in ongoing Open Source Code efforts

July 10, 2025

RUVI AI is gaining traction with savvy investors as its audit success and initial bonuses fuel optimistic outlooks.

July 10, 2025

Fintech Startup Targeting NRIs Secures $5 Million in Funding from Elevation Capital

July 9, 2025
News
  • AI in Finance (1,341)
  • Breaking News (155)
  • Corporate Acquisitions (65)
  • Industry Trends (177)
  • Jobs Market News (290)
  • Market Insights (190)
  • Market Rumors (242)
  • Regulatory Updates (149)
  • Startup News (901)
  • Technology Innovations (153)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,341)
  • Breaking News (155)
  • Corporate Acquisitions (65)
  • Industry Trends (177)
  • Jobs Market News (290)
  • Market Insights (190)
  • Market Rumors (242)
  • Regulatory Updates (149)
  • Startup News (901)
  • Technology Innovations (153)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.