The Financial Services Authority (OJK) has officially issued Regulation Number 31 of 2025 (POJK 31/2025) concerning the Governance of Stock Exchanges, Clearing and Guarantee Institutions, and Depository and Settlement Institutions. This regulation serves as a strategic foundation to reinforce the role of Self-Regulatory Organizations (SROs) amid the increasing complexity of national financial markets, including derivatives and carbon trading. The policy aims to ensure that SROs operate with high integrity, transparency, and accountability to maintain overall financial system stability while responding to the rapid expansion of capital market activities.
For association members and industry stakeholders, POJK 31/2025 introduces comprehensive guidelines covering the responsibilities of the Board of Directors and Commissioners, risk management, and internal control systems. It also encompasses critical areas such as information technology oversight, anti-fraud strategies, and the implementation of sustainable finance principles. While the regulation became effective on December 3, 2025, OJK has granted a six-month transition period for specific provisions to ensure smooth compliance. This regulatory update is expected to foster a more professional and competitive market environment, ultimately bolstering investor confidence in Indonesia’s evolving financial ecosystem.
