Act No. 21 Of The Year 2011

Original Language Title: Undang-Undang Nomor 21 Tahun 2011

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4eca64a290b29b313231363431.html

ACT 21-2011bt fnHeader (); The text is not in the original format.
Back COUNTRY SHEET Republic of INDONESIA No. 111, 2011 (Additional explanation in the State Gazette of the Republic of Indonesia Number 5253) legislation of the REPUBLIC of INDONESIA NUMBER 21 in 2011 ABOUT the FINANCIAL SERVICES AUTHORITY with the GRACE of GOD ALMIGHTY the PRESIDENT of the Republic of INDONESIA, Considering: a. that to realize the national economy was able to grow in a sustainable and stable, necessary activities in the financial services sector that was regularly , fair, transparent, and accountable, as well as being able to realize the financial system grows in a sustainable and stable, and able to protect the interests of consumers and the public;
b. that based on considerations as referred to in letter a, the financial services authority is needed that has the functions, duties, and powers of the supervisory arrangements and towards activities in the financial services sector in an integrated, independent, and accountable;
c. that based on considerations as referred to in letter a and letter b, need to establish laws on the financial services authority;
Remember: 1. Article 5 paragraph (1), article 20, and article 33 of the Constitution of the Republic of Indonesia in 1945;
2. Act No. 11 of 1999 on Bank Indonesia (the State Gazette of the Republic of Indonesia year 1999 Number 66, an additional Sheet of the Republic of Indonesia Number 3843) as it has several times changed with Act No. 6 of 2009 about the determination of the Replacement Government Regulations Act No. 2 of 2008 about the second amendment in the Law Number 23 of 1999 on Bank Indonesia into law (State Gazette in 2009 Indonesia number 7 Additional Sheets, the Republic of Indonesia Number 4962);
Together with the approval of the HOUSE of REPRESENTATIVES of the REPUBLIC of INDONESIA and the PRESIDENT decide: define: the law on the FINANCIAL SERVICES AUTHORITY.

CHAPTER I GENERAL PROVISIONS article 1 In this law are: 1. The financial services authority, hereinafter abbreviated OJK, is an institution which is independent and free from the interference of other parties, functions, duties, and authority of the setting, supervision, inspection, and investigation as stipulated in this law.
2. The Board of Commissioners is the Supreme Leader of the nonprofit OJK collective and collegial.
3. The Chief Executive is a member of the Board of Commissioner in charge of leading the implementation of the supervision activities of the financial services and report on the implementation of its duties to the Board of Commissioner.
4. Financial Services Institutions are institutions that carry out activities in the banking sector, capital market, Perasuransian, Financing Institutions, pension funds, and other financial Services Institutions.
5. Banking is everything that concerns about banks, covering institutional, business activities, as well as the manner and process in carrying out its business activity in conventional and Sharia as stipulated in the laws on banking and the law regarding Sharia banking.
6. Capital markets is an activity concerned with the initial public offering and securities trading, the public company which deals with the effect of the publication, as well as the institutions and professions related to the effects referred to in the Act on the capital market.
7. Perasuransian perasuransian business is engaged in the insurance business sector, namely the financial services business with muster funds community through the collection of insurance premiums provide protection to members of the public service users insurance against losses due to the onset of an event which is uncertain or against the life or death of a person, business, reinsurance and insurance business supporting efforts that organizes service keperantaraan, valuation losses on insurance and actuarial services , as stipulated in the laws on business perasuransian.
8. Pension Fund is a legal entity that manages and runs the program that promised pension benefits as stipulated in the laws on pension funds.
9. The Financing Institution is a business entity that performs the activity of financing in the form of the provision of funds or capital goods referred to in the legislation concerning the financing institution.
10. Other Financial Services Institutions are pergadaian, the granting of export financing institutions, Indonesia, secondary housing, financing companies and institutions that organise the management of the Community funds which are mandatory, including the organizers of programs social security, pensions, and welfare, as stipulated in laws and regulations concerning pergadaian, the guaranteeing of export financing institutions, Indonesia, secondary housing finance companies, and the management of the Community funds which are mandatory, as well as other financial services institutions that otherwise supervised by OJK based on legislation.
11. The regulation of written rules is OJK set by Board of Commissioner, binding in General, and the promulgation in the State Gazette of the Republic of Indonesia.
12. The regulations of the Board of Commissioners is the written regulations set by the Board of Commissioner and binding in the internal environment OJK.
13. Bank Indonesia is the Central Bank of the Republic of Indonesia as stipulated in the Constitution of the Republic of Indonesia in 1945.
14. Lps Lps is referred to in the laws on LPs.
15. The consumer is the parties put their funds and/or make use of services available on the financial services Institute among other clients in the banking, capital market, in a financier policyholders at Perasuransian, and a participant in the Pension Fund, based on the legislation in the financial services sector. 16. The Government is the Government of the Republic Indonesia.
17. the Governor of the Bank Indonesia is the leader of the remaining members of the Board of Governors of Bank Indonesia.
18. Minister of finance was the Minister who organized a government financial affairs.
19. The Chairman of the Board of Commissioners of the Lps is the leader of the remaining members of the Board of Commissioners of the Lps.
20. Ex-officio post of someone at a particular institution because of its tasks and in other institutions.
21. the Committee of ethics is supporting the Board of Commissioners of the organ that oversees compliance with the Board of Commissioners, officials and employees of OJK against the code of conduct.
22. The Audit Board is an organ of the Council supporting the Commissioner in charge of conducting the evaluation of the implementation of the tasks of the audit standards as well as composing OJK and risk management OJK.
23. The selection Committee is a Committee established by the President to serve for selecting and setting the members of the Board of Commissioners to be delivered to the President. 24. every Person is the individual person or the Corporation.
25. Coordination of financial system stability Forum is the forum coordination established to maintain the stability of the financial system whose members composed of the Minister of finance as Coordinator and interim members, Governor of the Bank Indonesia as the Chairman of the Board members, the Commissioner of the Lps as a member and Chairman of the Board of Commissioner OJK as members.
CHAPTER II establishment, STATUS, and the SEAT of article 2 (1) of this Act established OJK.
(2) an independent agency is OJK in performing tasks and authority, free from the interference of other parties, except for things that are expressly provided for in this Act.
Article 3 (1) OJK domiciled in the capital city of the unity of the Republic of Indonesia.
(2) OJK has offices inside and outside the territory of the unitary State of Republic of Indonesia which was formed according to the needs.
CHAPTER III objectives, FUNCTIONS, duties, and powers article 4 OJK formed with the goal of keeping the overall activities in the financial services sector: a. take over on a regular basis, fair, transparent, and accountable;
b. capable of realizing the financial system grows in a sustainable and stable; and c. able to protect the interests of consumers and the public.

Article 5 OJK function organizes the system settings and integrated to the overall supervision of the activities in the financial services sector.

Article 6 OJK task setting and supervision against: a. financial services activities in the banking sector;

b. financial services activities in the capital market sector; and c. the activities of financial services in the sector of Perasuransian, Financing Institutions, pension funds, and other financial Services Institutions.
Article 7 to perform the task setting and supervision in the banking sector, as stipulated in article 6 a, OJK has the authority: a. setting and oversight regarding institutional banks which includes: 1. permissions for the establishment of the bank, the opening of offices of the bank, the basic budget, work plan, ownership, management and human resources, mergers and acquisitions, consolidation of banks, as well as the bank's business license revocation; and 2. the business activities of the bank, among other funding sources, the provision of funds, products undue hybridisation, and activity in the field of services; b. setting and oversight regarding the health of the bank include: 1. earning ratios, solvency, liquidity, asset quality, capital adequacy ratio of minimum, maximum limit granting credit, loan ratios against deposits, and the bank's backup; 2. bank statements related to the health and performance of the bank;

3. the debtor information system;
4. testing the credit (credit testing); and 5. bank accounting standards; c. setting and supervision concerning aspects of prudence bank, include: 1. risk management;

2. the bank's governance;

3. the principle of know your customer and anti money laundering; and 4. the prevention of terrorism financing and banking crime; and d. inspection of the bank.
Article 8 to carry out the arrangements referred to in article 6, OJK has the authority: a. establish regulations implementing this Act;


b. set the laws and regulations in the financial services sector;

c. set the regulations and decisions OJK;

d. set the rules on supervision of the financial services sector;

e. set the policies regarding the implementation of OJK;
f. establish rules on the procedures for the determination of the command written against financial services and certain parties;
g. establish rules on the procedures for the determination of the statuter Manager at financial services Institutions;
h. establish organizational structures and infrastructure, as well as manage, maintain, and menatausahakan wealth and obligations; and i. sets out rules on the procedures for the imposition of sanctions in accordance with the provisions of laws and regulations in the financial services sector.
Article 9 to carry out the task of supervision as referred to in article 6, OJK has the authority: a. setting operating policy supervision against financial services;
b. oversee the implementation of the supervision exercised by the Chief Executive;
c. to conduct surveillance, inspection, investigation, consumer protection, and other actions against the financial services Institutions, actors, and/or supporting the activities of the financial services referred to in the regulations in the financial services sector;
d. provide written orders to financial service Institutions and/or certain parties; e. did the appointment of Manager statuter;

f. specify the use of the provider of the statuter;
g. assign administrative sanctions against parties who commit offences against the legislation on the financial services sector; and h. provide and/or revoke: 1. business license;

2. the individual person's permission;

3. effective registration statement;

4. letter of the mark is registered;

5. approval of doing business activities;

6. an endorsement;

7. determination of approval or dissolution; and 8. another assignment, as stipulated in laws and regulations in the financial services sector.
CHAPTER IV BOARD of COMMISSIONER Board of Commissioners Structure is considered Part of article 10 (1) is led by a Council Commissioner OJK.
(2) the Board of Commissioners as mentioned in subsection (1) are collective and collegial.
(3) the Board of Commissioners consists of 9 (nine) members that are defined by presidential decree. (4) the composition of the Board of Commissioners as mentioned in paragraph (3) consists of: a. a Chairperson and members;

b. a Deputy Chairman of the Ethics Committee as Chairman and members;

c. a Banking Supervisor and interim Chief Executive members;

d. a Chief Executive of the capital markets Watchdog is also a Member;
e. a Chief Executive Watchdog Perasuransian, Financing Institutions, pension funds, and other financial Services Institutions and members; f. an Audit and interim Chair of the Board members;

g. a member who: education and consumer protection;
h. a member Ex-officio of the Bank Indonesia Board of Governors who is a member of Bank Indonesia; and i. a member Ex-officio of the Ministry of finance which is the Echelon I-level officials of the Ministry of finance.
(5) members of the Board of Commissioners as mentioned in subsection (4) has the same voting rights.
The second part of appointment and dismissal of article 11 (1) members of the Board of Commissioners as mentioned in article 10 paragraph (4) the letter a to letter g was chosen by the House of representatives based candidate members proposed by the President.
(2) the election and the determination of the members of the Board of Commissioners for proposed to the President as intended in paragraph (1) was carried out by a selection Committee which was formed by Presidential Decree: a. the shortest 6 (six) months prior to the expiry of the term of a member of the Board of Commissioners; or b. the longest 2 (two) months from the date of vacancy or assignment the dismissal of members of the Board Commissioner for the reasons referred to in article 17 paragraph (1) letter a, letter b, letter d, letter e, letter f, letter g, letter h, letter i, and/or the letter j.
(3) the selection Committee as referred to in paragraph (2) consists of 9 (nine) persons comprising elements of Government, Bank Indonesia, and the community.
(4) the selection Committee announced the acceptance of candidates for members of the Board of Commissioners as mentioned in subsection (1) to 5 (five) working days after the establishment of the selection Committee as referred to in paragraph (2).
(5) the registration of the candidates is carried out within 12 (twelve) days of continuous work.
(6) the selection Committee did the selection Board members towards administrative Commissioner referred to in subsection (5).
(7) the selection Committee announced the names of the candidates who have passed the selection of administrative to get public input more than 5 (five) working days since the end of the time of registration of a candidate referred to in subsection (5).
(8) the entries referred to in subsection (7) is submitted to the selection Committee within 12 (twelve) working days counted from the date to be announced.
(9) the selection Committee do the assessment and selection of candidates for members of the Board as well as convey Commissioner to the President as much as 3 (three) candidates for each Member of the Board of Commissioner is required, the longest 12 (twelve) days commencing employment since the end of the time period referred to in subsection (8).
Article 12 (1) the President of the select Council members candidates and deliver as many as Commissioner of the 2 (two) candidates for each Member of the Board of Commissioners needed to House of representatives, the longest 12 (twelve) days counted from the date of receipt of the work the name of the members of the Board of Commissioners of the selection Committee referred to in article 11 paragraph (9).
(2) of the members of the Board of Commissioners as mentioned in subsection (1), the President of ask as much as 2 (two) members of the Board of Commissioners to be chosen by the House of representatives as Chairman of the Board of Commissioner.
(3) the members of the Board of Commissioner is not elected Chairman of the Board of Commissioners as mentioned in paragraph (2) was included to be selected as a member of the Board of Commissioners by the House of representatives.
(4) the House of representatives chooses the members of the Board of Commissioners in accordance with the number of members of the Board of Commissioner is required, the longest 45 (forty five) working days since receipt of the names of the members of the Board of Commissioners of the President referred to in paragraph (1).
(5) the members of the Board of Commissioners was elected to the House of representatives delivered to the President more than 5 (five) working days since the completion of the electoral process the members of the Board of Commissioners as mentioned in subsection (4).
(6) the President appoints and sets of candidates elected to the Board of Commissioners of the longest 30 (thirty) business days counted from the date of receipt of the name of the candidate elected Commissioner of the Board members of the House of representatives.
Article 13 (1) members of the Board of Commissioners as mentioned in article 10 paragraph (4) the letter h and is set to be appointed President upon proposal of the Governor of Bank Indonesia.
(2) members of the Board of Commissioners as mentioned in article 10 paragraph (4) the letter i was appointed and assigned the President based on the proposals of the Minister of finance.
Article 14 (1) the Chairman, Deputy Chairman, and members of the Board of Commissioner is appointed and designated by presidential decree.
(2) the Division of tasks among the members of the Board of Commissioners as mentioned in article 10 paragraph (4) letter b up to the letter g is decided based on Council meeting Commissioner and Commissioner of the Board's decision was set.
(3) members of the Board of Commissioners as mentioned article 10 paragraph (4) letter a up to g is appointed for a term of 5 (five) years and may be reappointed for one (1) term.
Article 15 the terms of the members of the Board of Commissioners as mentioned in article 10 paragraph (4) letter a up to g are as follows: a. citizen of Indonesia;

b. have the morals, the morals, and integrity;

c. ably doing law;
d. never declared bankruptcy or has never been a caretaker of the company that led to the bankruptcy of the company; e. physical healthy;

f. the highest age 65 (sixty-five) years at the time of set;

g. has the experience or expertise in the financial services sector; and h. never convicted to imprisonment based on court rulings that have the force of law remains for committing a criminal offence is liable to a penalty of 5 (five) years or older.
Article 16 (1) the Chairman, Deputy Chairman, and Board member of Commissioner before assuming his post compulsory oath or promise according to religion or beliefs before the Supreme Court.
(2) the sound of the pronunciation oath or promise as mentioned in subsection (1) is as follows: "I swear/I promise that, to be Chairman/Vice Chairman/member of the Board of Commissioner OJK directly or indirectly with any name and pretext of not giving or promising to give away anything to anyone".

"I swear/I promise that, in doing or not doing something in that capacity will not accept directly or indirectly from anyone something promise or the giving of any kind".

"I swear/I promise that will carry out the tasks and duties as the Chairman/Vice Chairman/member of the Board of Commissioner OJK carefully and with a full sense of responsibility based on laws and regulations relating to the duties and obligations".

"I swear/I promise that will be loyal to the unitary State of the Republic of Indonesia and the Constitution of the Republic of Indonesia in 1945".
Article 17 (1) members of Board of Commissioners cannot be dismissed before his term expires, unless the meet the following reasons: a. dies;

b. resignation;

c. tenure had ended and was not selected again;

d. unable to remain so as not to be able to carry out tasks or estimated to be medically unable to perform the task more than 6 (six) consecutive months;
e. does not exercise his duties as a member of the Board of Commissioner more than 3 (three) consecutive months without an excuse that can be accounted for;
f. no longer a member of the Board of Governors of Bank Indonesia for members Ex-officio of the Board of Commissioners who come from Bank Indonesia as stipulated in article 10 paragraph (4) subparagraph h;
g. no longer an official-level Echelon I in the Ministry of finance for Ex-officio members of the Board of Commissioners that comes from the Ministry of finance as stipulated in article 10 paragraph (4) the letter i;
h. have a family relationship to the second degree and/or semenda with other Commissioners and Board members there are none who resigned from Office; i. violates the code of ethics; or j. no longer meet one of the conditions referred to in Article 15 and in breach of the prohibition referred to in Article 22.
(2) the dismissal as referred to in paragraph (1) proposed by the Board of Commissioner to the President to get the assignment.
The third part of the Intertemporal Substitution of article 18 (1) in the event that members of the Board of Commissioners as mentioned in article 10 paragraph (4) letter a up to g, dismissed for reasons referred to in article 17 paragraph (1) letter a, letter b, letter d, letter e, letter f, letter g, letter h, letter i, letter j and/or replacement of the members of the Council, implemented intertemporal Commissioner in accordance with the procedures for the election of the members of the Board of Commissioners as set forth in this Act.
(2) members of the Board of Commissioners of the replacement is appointed to replace the Office of the Commissioner of the dismissed Board members referred to in subsection (1) and continue on the remainder of the term of Office of a Board Member who was replaced Commissioner.
(3) the replacement of the members of the Board of Commissioners as mentioned in subsection (1) is not made in the remainder of the term of the members of the Council the Commissioner dismissed less than 1 (one) year.
Article 19 (1) in case the Chairman of the Board of Commissioner is dismissed for the reasons referred to in article 17 paragraph (1), Vice Chairman of the Board of Commissioner acting as the officer to perform the duties and powers of the Chairman of the Board of Commissioners has set up with the Chairman of the Board of the new Commissioner.
(2) in the event of a Vice Chairman of the Board of Commissioner is dismissed for the reasons referred to in article 17 paragraph (1), the Chairman of the Board of Commissioner acting as the officer to perform the duties and powers of Deputy Chairman of the Board of Commissioners has set up with the Vice Chairman of the Board of the new Commissioner.
(3) in case the Chairman and Vice Chairman of the Board of Commissioner is dismissed for the reasons referred to in article 17 paragraph (1), based on the agreement of the Board of Commissioners, one member of the Board of Commissioners as mentioned in article 10 paragraph (4) of the letter c until the letter g acts as an officer to perform the duties and powers of the Chairman and/or Vice-Chairman of Board of Commissioner up to the establishment of the Chair and/or Vice Chair of the Board of the new Commissioner.
(4) in the event that members of the Board of Commissioners as mentioned in article 10 paragraph (4) of the letter c until the letter g was dismissed for the reason referred to in Section 17 subsection (1), based on the agreement of the Board of Commissioners, one member of the Board of Commissioners, except the members of the Council Ex-officio Commissioner as referred to in article 10 paragraph (4) the letter h and the letter i, acting as an officer to perform the duties and powers of the Commissioner of the Board members up to the establishment of the new Commissioner of the Board members.
The fourth part of the duties and authorities of article 20 duties of the arrangements referred to in article 6 is carried out by the Board of Commissioner.

Article 21 in exercising the authority referred to in article 6, the Board of Commissioners establishes Regulations OJK, Regulation Board Commissioner, and/or the decision of the Board of Commissioner.

The fifth part of the prohibition of article 22 Member Board Commissioner prohibited: a. has a conflict of interest in financial services Institutions are overseen by OJK;
b. became the caretaker of the abuser or financial services Institution in the profession; c. become caretaker of a political party; and d. held at other institutions, except in the framework of the implementation of the functions, duties, and powers OJK and/or assignments based on the provisions of the legislation.
Article 23 (1) the Board's Commissioners banned Deals have a family relationship to the second degree and semenda.
(2) if the Board of Commissioner deals proved to have family relationships as referred to in paragraph (1), one of them mandatory resigned within 30 (thirty) days counted since proved to have families.
(3) in the event that no member of the Board of Commissioners who resigned as referred to in paragraph (2), all members of the Board of Commissioners of the family ties be removed from Office by the President.
The sixth meeting and decision making section 24 (1) the Board of Commissioners implement Council meeting Commissioner at regular intervals of at least 1 (one) time in 2 (two) weeks or at any time upon the request of one of the members of the Board of Commissioner. (2) the Chairman of the Board of Commissioner Board meeting lead Commissioner.
(3) in case the Chairman of the Board of Commissioners of the misadventure, Vice Chairman of the Board of Commissioner Board meeting lead Commissioner.
(4) in case the Chairman and Vice Chairman of the Board of Commissioners as mentioned in subsection (2) and paragraph (3) was unable to, based on the agreement of members of Board of Commissioners, one member of the Board of Commissioner is appointed to lead a Board meeting the Commissioner.
(5) Council meeting Commissioner declared valid if attended by more than 1/2 (a-) of the total membership of the Board of Commissioner.
(6) the decision making of the Board of Commissioners is conducted based on the deliberation to reach a consensus.
(7) in the event deliberation to reach the consensus referred to in subsection (6) is not reached, the decisions are set based on most votes.
(8) each meeting of Board of Commissioner meeting treatise made signed by all the members of the Board of Commissioners are present.
(9) further Provisions regarding the conduct of the Board meetings are arranged with the Council Regulation Commissioner Commissioner.
The seventh part of the other Article 25 (1) of the Board of Commissioners representing OJK inside and outside the Court.
(2) the Board may submit the authority representing the Commissioner referred to in subsection (1) to one or more members of the Board of Commissioners, and/or to officials OJK or other parties to represent that special OJK delegated to it.
(3) the provisions concerning the procedures for assigning and granting power of attorney to the other party as stipulated in paragraph (2) is set by Regulation Board Commissioner.
Chapter V ORGANIZATIONAL and STAFFING of article 26 (1) to support the smooth implementation of the functions, duties and powers of the Commissioner, the Council formed OJK organization.
(2) to support the smooth implementation of the functions, duties and powers of the Commissioner, the Council formed OJK organ supporters which include the Secretariat of the Audit Committee, the Board of ethics, and other organs in accordance with their needs.
(3) to support the smooth implementation of the functions, duties and powers of the Council, Commissioner OJK can lift expert staff.
(4) further Provisions regarding the Organization and the work of the Council Regulation is set with OJK Commissioner.
Article 27 (1) the Board of Commissioners appoint and dismiss officials and employees OJK.
(2) OJK can employ civil servants in accordance with the provisions of the legislation.
(3) provision of more about staffing is set up with a Board Regulation Commissioner.
CHAPTER VI PROTECTION of CONSUMERS and SOCIETY Article 28 for the protection of Consumers and the public, conducting authorized OJK precautions loss Consumers and communities, which include: a. providing information and education to the community over the characteristics of the financial service sector, services and products;
b. asked the financial services Agency to stop its activities if such activities are potentially detrimental to society; and c. other actions as it deems appropriate in accordance with the provisions of laws and regulations in the financial services sector.
Article 29 OJK ministering consumer complaints include: a. prepare an adequate device for service of the complaint that consumers harmed by the offender in the institution of financial services;
b. make a Consumer complaint mechanism is harmed by the offender in the institution of financial services; and c. facilitate the resolution of complaints that consumers harmed by the offender in accordance with financial services Institutions and regulations in the financial services sector.
Article 30 (1) for the protection of Consumers and the public, doing legal defense authorities OJK, which include: a. ordered or committed certain acts to the financial services Agency to resolve Consumer complaints that harmed the financial services Agency in question; b. file a lawsuit: 1. to recover wealth belonging to the aggrieved party from causing harm, neither of which is under the Dominion of the party that caused the losses in question nor the other parties under the mastery of the faith is not good; and/or 2. to obtain damages from Parties causing harm to consumers and/or financial services Institutions as a result of violation of laws and regulations in the financial services sector.
(2) the damages referred to subsection (1) letter b number 2 is used only for the payment of damages to the aggrieved party.
Article 31 further Provisions concerning the protection of Consumers and society is regulated by regulation OJK.

CHAPTER VII CONFIDENTIALITY And CODE Of CONDUCT Is Considered Part Of The INFORMATION Code Of Ethics


Article 32 (1) of the Board of Commissioners of the setting and enforcing a code of conduct OJK.
(2) further Provisions regarding the code of Ethics referred to subsection (1) are governed by regulation of the Board of Commissioner.
The second part of the confidentiality of the Information of article 33 (1) every person is an individual who serves or has served as a Board Member, officer or employee of the Commissioner OJK are prohibited from using or disclosing any information that is confidential to the other party, except in the framework of the implementation of the functions, duties, and authority on the basis of decision OJK or required by law.
(2) every person who is acting for and on behalf of OJK, employed in OJK, or as expert staff in OJK, are prohibited from using or disclosing any information that is confidential to the other party, except in the framework of the implementation of the functions, duties, and authority on the basis of decision OJK or required by law.
(3) every person who knowing confidential information, either because of his position, his profession, as a party that is regulated, as well as any relationship with OJK, are prohibited from using or disclosing such information to the other party, except in the framework of the implementation of the functions, duties, and authority on the basis of decision OJK or required by law.
(4) violation of the provisions of subsection (1), subsection (2), and subsection (3) may be subject to administrative sanctions and/or other sanctions in accordance with the provisions of the legislation.
(5) the provisions on secrecy, use, and disclosure of information as referred to in paragraph (1), subsection (2), and subsection (3), subject to the Regulations of the Board of Commissioner.
CHAPTER VIII of the PLAN of WORK and the BUDGET Article 34 (1) the Board of Commissioner devise and establish work plan and budget OJK.
(2) Budget Budget Income sourced from OJK and Spending of State and/or the levy from party activities in the financial services sector.
(3) further Provisions regarding the work plan and budget OJK as mentioned on paragraph (1) are governed by regulation of the Board of Commissioner.
Article 35 (1) Budget OJK as stipulated in article 34 paragraph (2) was used to finance operational activities, administrative, procurement of assets as well as other supporting activities.
(2) the budget and the use of the budget to finance the activities referred to in paragraph (1) established on the basis of a reasonable standard in the sectors of financial services and are excluded from the General fees, standard procurement process of goods and services, and the system of remuneration as set forth in regulations related to the budget of the State Expenditures and Revenues, Government procurement of goods and services, and the system of remuneration.
(3) to support their operations, the Government can conduct OJK Fund early into OJK.
(4) provision of more about standard costs, procurement of goods and services, and the system of remuneration is set by regulation of the Board of Commissioner.
Article 36 For the determination of the budget referred to in Article 34 paragraph (1) and paragraph (2), advance OJK prompt the House of representatives.

Article 37 (1) OJK wearing the levy to the conduct of activities in the financial services sector.
(2) the parties undertake activities in the financial services sector is obliged to pay the levy imposed OJK as referred to in paragraph (1). (3) the levy referred to in subsection (1) is acceptance of OJK.
(4) OJK receive, manage, and mengadministrasikan the levy referred to in subsection (3) are accountable and independent.
(5) in terms of charges received in the current year exceeds the needs of the next fiscal year to OJK, such excess is deposited into the State Treasury.
(6) further Provisions on the levy referred to in subsection (1) is set by government regulations.
CHAPTER IX ACCOUNTABILITY REPORTING and Article 38 (1) a mandatory financial report OJK comprising annual and semiannual financial reports.
(2) compulsory OJK compiling reports activity that consists of a monthly activity report, quarterly, and annual.
(3) in the case of representatives require explanation, the mandatory report OJK.
(4) the period of the financial statements referred to in subsection (1) is 1 January up to 31 December.
(5) mandatory OJK deliver quarterly activity report referred to in subsection (2) to the House of representatives as a form of accountability to the community.
(6) the annual activity report referred to in subsection (2) is submitted to the President and the House of representatives.
(7) for the preparation of the financial statements referred to in subsection (1), the Council set the standards Commissioner and accounting policy OJK.
(8) the annual financial report referred to in subsection (1) by the Agency audited the Financial Examiner or the public accountant appointed by the Agency of the Financial Examiner.
(9), compulsory annual report announced OJK OJK to the public through print and electronic media.
(10) further Provisions concerning the form and arrangement of the financial report referred to in subsection (1) and the activity report referred to in subsection (2), as well as the procedures, forms, and reports that it was announced to the public subject to the Regulations of the Board of Commissioner.
CHAPTER X RELATIONS is considered part of the INSTITUTIONAL Coordination and cooperation Article 39 in performing his duty, coordinating with Bank Indonesia OJK in making regulatory scrutiny in banking among other things: a. the obligation of fulfilling the minimum capital a bank;

b. the integrated banking informational systems;
c. policy of receiving funds from abroad, the acceptance of foreign exchange funds, and commercial loans overseas; d. banking products, derivatives transactions, the bank's other business activities;
e. determination of bank institutions that enter the category of systemically important banks; and f. other data excluded from the provisions of the confidentiality of the information.

Article 40 (1) in the case of Bank Indonesia to carry out its functions, duties, and authority requires special examination against certain banks, Bank Indonesia can do the examination directly against the bank by delivering a notice in writing in advance to OJK.
(2) In conducting an examination referred to in subsection (1), Bank Indonesia can not provide assessment of the level of health of the bank.
(3) reports the results of an examination of the bank referred to in subsection (1) is submitted to OJK longest one (1) months since the publication of the report of the inspection results.
Article 41 (1) OJK inform Lps about troubled banks under the Bank's efforts by OJK referred to in the legislation.
(2) in the case of certain bank OJK indicated having difficulty liquidity and/or health condition increasingly worsened, OJK soon inform to Bank Indonesia to perform the steps in accordance with the authority of the Bank Indonesia.
Article 42 Lps can conduct the examination of the bank related to the functions, tasks and authority, as well as coordinate in advance with OJK.

Article 43 OJK, Bank Indonesia, and the Lps is obligated to build and maintain a means of exchange of information are integrated.

The second part of coordination Protocol Article 44 (1) to maintain the stability of the financial system, created a Forum for the coordination of financial system stability with members consisting of: a. the Minister of finance as a member and interim coordinator;

b. the Governor of Bank Indonesia as members;

c. the Chairman of the Board members as OJK Commissioner; and d. the Chairman of the Board of Commissioners of the Lps as a member.
(2) the Coordination of financial system stability Forum assisted secretarial led one of the officials at the Ministry of Finance I Echelon.
(3) decision making in the meeting Forum for the coordination of financial system stability based on deliberation for consensus.
(4) in the case of deliberation for consensus as intended in paragraph (3) is not achieved then the decision making is done on the basis of the most votes.
Article 45 (1) under normal conditions, Coordination of financial system stability Forum: a. obligatory monitoring and evaluation of the stability of the financial system;

b. conduct meetings at least 1 (one) time within 3 (three) months;
c. make recommendations to any member to perform the actions and/or make policies in order to maintain the stability of the financial system; and d. interchange of information.
(2) in the condition is not normal for the prevention and handling of the crisis, the Finance Minister, the Governor of Bank Indonesia, Chairman of the Board of Commissioner OJK, and/or the Chairman of the Board of Commissioners of the Lps that indicates a potential crisis or a crisis has occurred in the financial system, each may submit to Financial System stability of the Coordinating Forum for the meeting immediately to decide on precautionary measures or the handling of the crisis.
(3) the Minister of finance, the Governor of Bank Indonesia, Chairman of the Board of Commissioner and Chairman of the Board of OJK Commissioner Lps authorized to take and implement decisions for and on behalf of the institution that it represents a decision-making Forum in the framework of coordination of the stability of the financial system, in an abnormal condition as referred to in paragraph (2).
(4) Coordination of financial system stability Forum establish and implement policies which are necessary in the framework of the prevention and handling of the crisis in the financial system in accordance with their respective authority.
(5) the decision of the Forum Coordination of the stability of the financial system that are related to the settlement and the handling of a bank failing identified systemic impact bind Lps.
Article 46 (1) Policy Coordination Forum of the stability of the financial system related to the finances of the State compulsory filed for approval of representatives.

(2) the decision of the House of representatives set mandatory within 24 (twenty four) hours since the filing of the consent referred to in subsection (1) is accepted by the House of representatives.
The third section of international relations of article 47 (1) OJK can do work closely with the financial services authority watchdog Agencies in other countries as well as international organizations and other international institutions, among others in the field and/or activities as follows: a. institutional capacity development, among others, the training of human resources in the field setting and supervision of Financial Institutions; b. the exchange of information; and c. the cooperation in the framework of the inspection and the investigation and prevention of crime in the financial sector.
(2) the organization can become a member OJK watchdog of international financial services.
(3) in case of approval of international treaties in the financial services sector concerns the legal issues and the impact on the national financial system, mandatory OJK get confirmation from the House of representatives.
(4) OJK can conduct cooperation and provide assistance in the framework of the inspection and investigation carried out by the supervisory authority of financial services Institutions of other countries on the basis of a written request.
(5) the grant of aid and cooperation in the framework of the inspection and investigation referred to in subsection (4) may be done if: a. Financial Institutions supervisory authority that other countries have had a reciprocal agreement with OJK; and b. implementation of cooperation and granting such assistance are not contrary to the public interest.
(6) the granting of aid and cooperation in the framework of the investigation referred to in subsection (4) may be done if: a. Financial Institutions supervisory authority that other countries have had a reciprocal agreement with OJK; and b. implementation of cooperation and the granting of such assistance is carried out in accordance with the provisions of the legislation in the areas of mutual cooperation in the criminal matter.
Article 48 all forms of international cooperation, including in the field of setting, supervision, and investigation is mandatory, based on the principle of reciprocity which is balanced.

CHAPTER XI INVESTIGATION Article 49 (1) in addition to the investigating officials of the State police of the Republic of Indonesia, officials of the civil servants in particular that the scope of the duties and responsibilities that include oversight of the financial services sector in an environment specially authorized OJK, as investigators referred to in the book of the law of criminal procedure.
(2) civil servants referred to in article 27 paragraph (2) may be appointed civil servant Investigators as intended in paragraph (1).
(3) civil servant Investigators as intended in paragraph (1) is authorized: a. accept the report, notice, or a complaint from a person regarding the existence of a criminal offence in the financial services sector;
b. conducting research over the truth of the reports or information concerning a criminal offence in the financial services sector;
c. conducting research against any Person suspected of committing or engaging in criminal acts in the financial services sector;
d. call, examine, and requesting information and evidence from any person who is suspected of doing, or as a witness in criminal acts in the financial services sector;
e. conduct examination over the bookkeeping, records, and other documents with regard to criminal acts in the financial services sector;
f. perform searches at any particular place that allegedly contained any evidence bookkeeping, record keeping, and other documents as well as spoorweg goods which can be used as evidence in a criminal offence in the financial services sector;
g. requests data, documents, or other evidence, both print and electronic to the telecommunications service provider;
h. under certain circumstances ask the competent authority to conduct prevention against the person alleged to have committed criminal acts in the financial services sector in accordance with the provisions of the legislation; i. request the assistance of other law enforcement agencies;
j. asked for information from the bank about the financial circumstances of the parties allegedly involved in the conduct or violations of the laws and regulations in the financial services sector;
k. blocked's account at a bank or other financial institution of the alleged conduct or engage in criminal acts in the financial services sector;
b. ask for expert help in the framework of implementing the tasks of investigation criminal acts in the financial services sector; and m. stated when the investigation begins and being stopped.
Article 50 (1) civil servant Investigators as stipulated in article 49 delivered the results of the investigation to the Prosecutor for prosecution.
(2) the Prosecutor is obligated to follow up and decided to follow-up the results of the investigation, according its longest 90 (ninety) days from the receipt of the results of the investigation as referred to in paragraph (1).
Article 51 (1) civil servant Investigators employed in OJK can only be withdrawn with the shortest notice 6 (six) months prior to the withdrawal and are not handles things.
(2) civil servant Investigators are required to cooperate with the relevant agencies.
CHAPTER XII of the CRIMINAL PROVISIONS of article 52 (1) every person is an individual who violates the provisions of article 33 paragraph (1), subsection (2), and/or subsection (3), are convicted with imprisonment of not longer than 6 (six) years and a maximum fine of Rp criminal 15.000.000.000 RP (fifteen billion rupiah).
(2) if the violation of the provisions of article 33 paragraph (2) or paragraph (3) was conducted by the Corporation, are convicted of criminal with a maximum fine of Rp 45.000.000.000 RP (forty five billion rupiah) and/or of the amount of losses incurred due to such breach.
Article 53 (1) any person who deliberately ignored, violated, or inhibit the exercise of authority OJK as stipulated in article 9 of the letter c, letter d, letter e, letter f, letter g, and/or article 30 paragraph (1) letter a, are convicted with imprisonment most short 2 (two) years and criminal fines of at least Rp RP 5 billion (five billion dollars) or imprisonment of not longer than 6 (six) years and a maximum fine of Rp criminal 15.000.000.000 RP (fifteen billion rupiah).
(2) if the offence referred to in subsection (1) done by the Corporation, are convicted by criminal fines of at least Rp 15.000.000.000 RP (fifteen billion rupiah) or at most Rp 45.000.000.000 RP (forty five billion rupiah).
Article 54 (1) any person who deliberately ignore and/or does not implement a command written as referred to in article 9 of the letter d or Task Manager to use statuter as referred to in article 9 of the letter f, are convicted with imprisonment most short 2 (two) years and criminal fines of at least Rp RP 5 billion (five billion dollars) or imprisonment of not longer than 6 (six) years and a maximum fine of Rp criminal 15.000.000.000 RP (fifteen billion rupiah).
(2) if the offence referred to in subsection (1) is conducted by corporations, the corporations are convicted by criminal fines of at least Rp 15.000.000.000 RP (fifteen billion rupiah) or at most Rp 45.000.000.000 RP (forty five billion rupiah).
CHAPTER XIII TRANSITIONAL PROVISION of article 55 (1) from the date of 31 December 2012, the functions, duties, and powers of the supervisory arrangements and financial service activities in the capital market sector, Perasuransian, Financing Institutions, pension funds, and other financial Services Institutions switched from Minister of finance and capital market Supervisory Agency and the financial institutions into OJK.
(2) since December 31, 2013, functions, duties, and powers of the supervisory arrangements and financial service activities in the banking sector switching from Bank Indonesia to OJK.
Article 56 (1) longest-8 (eight) months from the enactment of this law, the President appoints members of the Board of Commissioner and set for the first time in the order referred to in article 10 paragraph (4) in accordance with the procedures as set forth in article 11 paragraph (1), subsection (3) to paragraph (9) of article 12, paragraph (1) until subsection (3) and paragraph (6), article 13 , and section 14.
(2) members of the Board of Commissioners as mentioned in subsection (1) are appointed for a term of 5 (five) years.
(3) the longest 60 (sixty) days from the enactment of this Act, the President of forming the selection Committee the members of the Board of Commissioners for the first time with the membership referred to in section 11 subsection (3).
(4) the House of representatives chooses the members of the Board of Commissioners in accordance with the number of members of the Board of Commissioner is required, most longer than 30 (thirty) days from the receipt of the names of the members of the Board of Commissioner from the President.
(5) the members of the Board of Commissioners was elected to the House of representatives delivered to the President the longest 7 (seven) days since the completion of the electoral process the members of the Board of Commissioners as mentioned in subsection (4).
Article 57 (1) since this legislation enacted up to established members of the Board of Commissioners as stipulated in article 56 paragraph (1), the Ministry of finance assisted by Bank Indonesia set up: a. organizational structure, basic tasks and functions, architecture and information technology infrastructure, human resources, systems and standard operating procedures; b. work plan and budget for fiscal year 2013;

c. the officials and employees of OJK;

d. the officials and employees of the Board of Commissioners of the supporting organs; and e. other matters necessary in order to transfer of functions, duties, and powers of the supervisory arrangements and the activities of financial services in the financial services sector from Bank Indonesia, Finance Minister, and the Board of Trustees of the capital market and financial institutions into OJK.
(2) Ministry of finance to convey the results of the preparation as referred to in paragraph (1) to the Board of Commissioner OJK to set.

Article 58 the longest seven months since the Act is enacted, the Governor of Bank Indonesia and the Ministry of finance each proposed nominee Council members Ex-officio Commissioner of Bank Indonesia as referred to article 10 paragraph (4) the letter h and Ex-officio Ministry of finance referred to article 10 paragraph (4) the letter i to the President and is set to be appointed as a member of the Board of Commissioner.

Article 59 Since the lifting of a member of the Board of Commissioners as stipulated in article 56 paragraph (1) until the beralihnya functions, duties, and powers as stipulated in article 55, the Board of Commissioners in charge of: a. establish the organizational structure, basic tasks and functions, architecture and information technology infrastructure, human resources, systems and standard operating procedures; b. set a work plan and budget fiscal year 2013 OJK;

c. appoint officials and employees OJK;

d. appoint officials and employees of the Board of Commissioners of the supporting organs; and e. establish anything else that is required in order to transfer of functions, duties, and powers of the supervisory arrangements and the activities of financial services in the financial services sector from Bank Indonesia, Finance Minister, and the Board of Trustees of the capital market and financial institutions into OJK.
Article 60 (1) longest one (1) months since the lifting of the members of the Council the Commissioner referred to in Section 56 subsection (1), the Board of Commissioners formed the transition team after coordinating with the Minister of finance and the Governor of Bank Indonesia.
(2) the Minister of finance and the Governor of Bank Indonesia is obliged to propose to the Board of Commissioners of the people who became a member of the transition team of 14 (fourteen) days from receipt of the letter of request of transition team members of the Board of Commissioner.
(3) the Board of Commissioners set the transition team members based on a proposal of the Minister of finance and the Governor of Bank Indonesia.
Article 61 (1) Transition Team referred to in Article 60 paragraph (1) is in charge of helping the smooth implementation of the tasks of the Board of Commissioners as stipulated in article 59.
(2) in carrying out its work, the team's transition authorities to identify and verify the wealth, infrastructure, information, documents, and anything else related to the arrangement and supervision of Financial Institutions and preparing the transfer of its use to OJK.
(3) the mandatory transition Team reported the smooth execution of duties and authority as referred to in paragraph (1) and paragraph (2) to the Minister of finance, the Governor of Bank Indonesia, and the Chairman of the Board of Commissioner OJK.
(4) the Minister of finance, the Governor of Bank Indonesia, transition, or team officials and employees in the Ministry of finance and Bank Indonesia related to the functions, duties, and powers of the supervisory arrangements and financial service Institutions, mandatory help to smooth the implementation of the tasks of the Board of Commissioners as stipulated in article 59.
(5) the Governor of Bank Indonesia, Minister of finance, Chairman of the Board and/or the Commissioner OJK reported on developments in the process of transfer of functions, duties, and powers of the Bank Indonesia, the Ministry of finance, and capital market Supervisory Agency and the financial institutions into OJK at least 1 (one) time in 3 (three) months to the House of representatives.
Article 62 longest 2 (two) months from the first member of the Board of Commissioners as stipulated in article 56 paragraph (1), the Board of Commissioners of the set organizational structure, basic tasks and functions, standard operating procedures, and architecture infrastructure OJK.

Article 63 (1) the shortest of three (3) months prior to the beralihnya functions, duties and powers as stipulated in article 55, the Chairman of the Board of Commissioners of the request, in writing, the proposed name of the officials and employees to the Governor of Bank Indonesia and the Ministry of finance to be routed or employed to OJK.
(2) Most short 2 (two) months before the beralihnya functions, duties and powers as stipulated in article 55, the Governor of Bank Indonesia and the Ministry of Finance of compulsory proposed the name officials and employees of Bank Indonesia and the Ministry of finance, in accordance with the request of the Chairman of the Board of Commissioners, to be redirected or employed to OJK.
(3) to meet OJK, in addition to the officers and employees referred to paragraph (2), the Board of Commissioners of the hiring officials and employees publicly.
(4) the shortest one (1) month before the beralihnya functions, duties and powers as stipulated in article 55, the Council's Commissioner designate officials and employees who received OJK.
Article 64 (1) Accounts since the beralihnya functions, duties, and powers as stipulated in article 55: a. officers and/or employees of the capital market Supervisory Agency and the financial institutions; and b. officials and/or employees of Bank Indonesia are carrying out the functions, duties, and powers of setting and supervision in the banking sector, as stipulated in article 63 clause (4) redirected to be employed on OJK.
(2) officials and/or employees who transferred to be employed as mentioned in subsection (1) is required to work at least for the duration of OJK brief: a. one (1) year for officials and/or employees who come from the capital market Supervisory Agency and the financial institutions; and b. three (3) years for officials and/or employees who come from Bank Indonesia.
(3) officials and/or officer referred to in subsection (2) is required set options for status as officials and/or employees OJK or: a. as officials and/or employees of the Ministry of finance, the longest 3 (three) months since the beralihnya functions, duties, and powers as stipulated in article 55, for the officials and/or employees who come from the capital market Supervisory Agency and the financial institutions; and b. as officials and/or employees of the Bank Indonesia, the longest 2 (two) years since the beralihnya functions, duties, and powers as stipulated in article 55, for the officials and/or employees who come from Bank Indonesia.
(4) officials and/or officer referred to in subsection (1) and officials and/or employees OJK referred to in paragraph (3) are granted rights in accordance with the provisions of the do not reduce rights OJK by officials and/or employees have owned before and during the transfer.
Article 65 (1) Accounts since the beralihnya functions, duties, and powers as stipulated in article 55: a. wealth and documents that are owned and/or used Bank Indonesia in the framework of the implementation of the functions, duties, and powers of setting and supervision in the banking sector; and b. the wealth of the country and documents are owned and/or used the Ministry of finance and capital market Supervisory Agency and the financial institutions in the framework of the implementation of the functions, duties, and powers of the supervisory arrangements and capital markets sector, Perasuransian, Financing Institutions, pension funds, and other financial Services Institutions, can be used by OJK.
(2) the use of wealth, wealth of Nations, and of the documents referred to in paragraph (1) established by decision shared or decision of the Minister of finance, the Governor of Bank Indonesia, and the Chairman of the Board of Commissioners who set the shortest one (1) month before the beralihnya functions, duties, and powers referred to in Article 55.
Article 66 (1) since this legislation enacted up to beralihnya the functions, duties, and powers as stipulated in article 55: a. Bank Indonesia still carry out the functions, duties, and powers of the supervisory arrangements and financial service activities in the banking sector; and b. the Minister of finance and capital market Supervisory Bodies and financial institutions still carry out the functions, duties, and powers of the supervisory arrangements and financial service activities in the capital market sector, Perasuransian, Financing Institutions, pension funds, and other financial Services Institutions.
(2) Bank Indonesia, Finance Minister, and the Board of Trustees of the capital market and financial institutions submit a report upon the implementation of the functions, duties and powers referred to in subsection (1), to OJK.
(3) the financing related to the exercise of the functions, duties, and powers referred to in subsection (1), sourced from: a. Bank Indonesia for the implementation of the functions, duties, and powers of setting and supervision in the banking sector; and b. the budget revenue and Expenditure of the State for the execution of the functions, duties, and powers of the supervisory arrangements and capital markets sector, Perasuransian, Financing Institutions, pension funds, and other financial Services Institutions.
(4) the financing of work plan and budget OJK since this legislation enacted up to beralihnya functions, duties, and powers of the supervisory arrangements and financial services sectors to OJK as stipulated in article 55, sourced from the capital market Supervisory Agency budgets and financial institutions the Ministry of finance and/or Bank Indonesia.
Article 67 (1) decisions on the grant of business license, permits individual people, effective registration statement, the letter of the mark is registered, the approval of doing business activities, endorsement, or approval and determination of dissolution, and every decision that has been determined by Bank Indonesia, the Ministry of finance, and capital market Supervisory Agency and financial institution based on the legislation in the financial services sector before the beralihnya functions, duties, and powers as stipulated in article 55 , stated remains valid.
(2) the application for business license, permit, registration statement, the individual person, registered letters, approval of doing business activities, endorsement, or approval and determination of dissolution, as well as other assignment application is in process of completion at Bank Indonesia, the Ministry of finance, and capital market Supervisory Agency and financial institution based on the legislation in the financial services sector, since the beralihnya functions, duties, and powers as stipulated in article 55 solution, followed by OJK.

Article 68 since the beralihnya functions, duties, and powers as stipulated in article 55, the examination and/or investigation is being conducted by Bank Indonesia, the Ministry of finance and capital market Supervisory Agency and the financial institutions, settlement proceeded by OJK.

CHAPTER XIV the CONCLUDING PROVISIONS of article 69 (1) the functions, duties, and powers of Bank Indonesia as referred to in article 8: a. letter c, article 24, article 25, article 26, article 27, article 28, article 29, article 30, article 31, article 32, and article 33 Act No. 11 of 1999 on Bank Indonesia as it has several times changed with Act No. 6 of 2009 about the determination of the Replacement Government Regulations Act No. 2 of 2008 about the second amendment in the Law Number 23 years 1999 of the Bank Indonesia into law (State Gazette of the Republic of Indonesia number 7 in 2009, an additional Sheet of the Republic of Indonesia Number 4962);
b. Article 6, article 7, article 8, article 11, article 12, article 13, article 16, article 18, article 19, article 20, article 22, article 27, article 28, article 29, article 30, article 31, article 31A, article 33, article 34, article 35, article 36, article 37, article 38, article 37A, article 41, article 42, article 41A, article 44, article 52, and article 53 of the Act number 7 in 1992 about Banking as amended by Act No. 10 of 1998 about changes Top of Act No. 7 of 1992 about banking (State Gazette of the Republic of Indonesia Number 182 of 1998, an additional Sheet of the Republic of Indonesia Number 3790);
c. Article 1 point 3, article 5, article 6, article 8, article 9, article 10, article 11, article 16, article 17, article 20, article 21, article 22, article 26, article 27, article 28, article 29, article 30, article 31, article 32, article 33, article 34, article 35, article 37, article 38, article 40, article 42, article 43, article 46, article 50 , Article 51, article 52, article 53, article 54, article 56, article 57, and article 58 of the Act Number 21 of 2008 about Islamic banking (State Gazette of the Republic of Indonesia Year 2008 Number 94, an additional Sheet of the Republic of Indonesia Number 4867);

switch into the functions, duties, and powers OJK since beralihnya the functions, duties, and powers as stipulated in article 55 paragraph (2).
(2) with the beralihnya functions, duties, and powers as stipulated in article 55 paragraph (2), the Banking Supervisory Agency referred to in Act No. 24 of 2004 about Lps (Gazette of the Republic of Indonesia Number 96 in 2004, an additional Sheet of the Republic of Indonesia Number 4420) as amended by Act No. 7 of 2009 about the determination of the Replacement Government Regulations Act No. 3 of 2008 about a change in the Law Number 24 year 2004 about Lps into law (Gazette of the Republic of Indonesia In 2009 the number 8, additional sheets of the Republic of Indonesia Number 4927), is OJK.
(3) since the enactment of this Act, the functions, duties, and powers of the Committee of coordination as stipulated in Act No. 24 of 2004 about Lps (Gazette of the Republic of Indonesia Number 96 in 2004, an additional Sheet of the Republic of Indonesia Number 4420) as amended by Act No. 7 of 2009 about the determination of the Replacement Government Regulations Act No. 3 of 2008 about a change in the Law Number 24 year 2004 about Lps into law (Gazette of the Republic of Indonesia year 2009 number 8 Additional Sheets, the Republic of Indonesia Number 4927), implemented by the Forum Coordination of Financial system stability as mentioned in this law.
(4) the provisions concerning the Protocol of coordination as stipulated in article 44, article 45, Article 46 and valid until promulgation of laws on financial system safety net.
Article 70 by the time this law comes into force: 1. Act No. 2 of 1992 about Venture Perasuransian (State Gazette of the Republic of Indonesia No. 13 of 1992, an additional Sheet of the Republic of Indonesia Number 3467) rules and their implementation;
2. Act No. 7 of 1992 about banking (State Gazette of the Republic of Indonesia Number 31 in 1992, an additional Sheet of the Republic of Indonesia Number 3472) as amended by Act No. 10 of 1998 about a change in the law in 1992 about Banking numbers 7 (Gazette of the Republic of Indonesia Number 182 of 1998, an additional Sheet of the Republic of Indonesia Number 3790) and rules of its implementation;
3. Act No. 11 of 1992 on pension funds (State Gazette of the Republic of Indonesia Number 37 in 1992, an additional Sheet of the Republic of Indonesia Number 3477) and rules of its implementation;
4. Law No. 8 year 1995 regarding capital market (State Gazette of the Republic of Indonesia Number 64 in 1995, an additional Sheet of the Republic of Indonesia Number 3608) rules and their implementation;
5. Act No. 11 of 1999 on Bank Indonesia as it has several times changed with Act No. 6 of 2009 about the determination of the Replacement Government Regulations Act No. 2 of 2008 about the second amendment in the Law Number 23 of 1999 on Bank Indonesia into law (State Gazette of the Republic of Indonesia number 7 in 2009, an additional Sheet of the Republic of Indonesia Number 4962) rules and their implementation;
6. Act No. 21 of 2008 about Islamic banking (State Gazette of the Republic of Indonesia Year 2008 Number 94, an additional Sheet of the Republic of Indonesia Number 4867) rules and their implementation; and 7. other legislation in the financial services sector, stated remains valid along does not conflict and has not been replaced based on these laws.

Article 71 of this Act comes into force on the date of promulgation.

In order to make everyone aware of it, ordered the enactment of this legislation with its placement in the State Gazette of the Republic of Indonesia.

Ratified in Jakarta on November 22, 2011 PRESIDENT REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on November 22, 2011 MINISTER of LAW and HUMAN RIGHTS REPUBLIC of INDONESIA, AMIR SYAMSUDDIN. fnFooter ();