Organisation and Budget of the OJK Supervisory Board: POJK 14/2026

The Financial Services Authority (Otoritas Jasa Keuangan, OJK) has issued Peraturan Otoritas Jasa Keuangan Nomor 14 Tahun 2026 tentang Organisasi, Tata Kerja, dan Anggaran Badan Supervisi Otoritas Jasa Keuangan (OJK Regulation 14 of 2026 on the Organisation, Work Procedures and Budget of the OJK Supervisory Board). Its preamble states that it implements Article 38A(8) of Law 21 of 2011 on OJK, as last amended by Law 4 of 2026. It was signed in Jakarta on 15 September 2026 by Friderica Widyasari Dewi as Chair of the OJK Board of Commissioners, two days before OJK signed its rules for the mineral and strategic commodity exchange. The held copy leaves the promulgation date blank. The regulation has 21 articles and takes effect on the date of promulgation (Article 21).

Key Provisions

What the Supervisory Board is (Article 1). The Supervisory Board is a body formed under Law 4 of 2023 on the Development and Strengthening of the Financial Sector and is independent of OJK as an institution. Its remit concerns OJK's "institutional" side: organisational support, resources, governance and the operational budget. Article 1 states that this does not cover setting or carrying out policy on the regulation, supervision, examination and investigation of financial services.

Function and tasks (Articles 3 and 4). The board assists the House of Representatives (DPR) in its oversight of OJK, to improve the performance, accountability, independence, transparency and credibility of OJK as an institution. The elucidation identifies the DPR body concerned as the standing commission responsible for finance, banking and development planning. Article 4 gives the board three tasks: preparing evaluation reports on OJK's institutional performance, monitoring, and preparing reports on its own performance.

Powers and their limits (Article 5). The board may request explanations on governance, receive copies of OJK's quarterly and annual institutional performance reports and its annual financial statements, review governance and the operational budget, request supporting documents, receive reports from the public and industry, and ask the OJK Board of Commissioners to respond to its reviews in a joint meeting. Article 5(2) excludes three things: attending meetings of the OJK Board of Commissioners, speaking on OJK's behalf, and disclosing information related to its tasks to the public, directly or indirectly.

Membership (Articles 6 to 8). The board has at least five members, with a chair elected by and from the members; a deputy chair may be appointed if needed. A secretariat provides technical and administrative support. Members must apply good governance, follow a code of ethics set by the chair after consultation with the DPR, and are prohibited from having conflicts of interest. The elucidation states that this includes being a manager or owner of a financial services institution.

Work Plan and Reporting

The board prepares a work plan and budget, with a work programme, and submits them to the DPR for approval; the approved plan is then sent to the OJK Board of Commissioners to become part of OJK's own work plan and budget (Article 10). The board reports to the DPR once every three months, within three months of the end of each period, and may also report at any time when needed, with the institutional evaluation report copied to OJK (Article 13).

Budget and Information

The board's budget comes from OJK's operational budget and is managed by the board itself (Article 17). Remuneration and facilities for members and other staff are set by decision of the OJK Board of Commissioners after DPR approval (Article 18). The board may request data and information from OJK in writing, based on its DPR-approved work plan, and must keep that information confidential (Article 19).

Checked against the official text of POJK 14/2026 on 20 October 2026. This is not legal advice; report corrections to contact@crpg.id.

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