Regulation
OJK
Also known as: Otoritas Jasa Keuangan, Financial Services Authority
TL;DR
Indonesia's Financial Services Authority, the regulator of IDXCarbon and the issuer of POJK 14/2023 which set the carbon-exchange operating rules.
Full explainer
OJK — Otoritas Jasa Keuangan, the Financial Services Authority — is Indonesia's integrated regulator for banking, capital markets, and non-bank financial institutions, modelled on a single-regulator framework. In the carbon context, OJK is the body that licensed and supervises IDXCarbon (the Indonesia Carbon Exchange) and that issued POJK 14/2023 — the operational regulation that defined what may be traded, who may trade, and what disclosures are required.
OJK is the financial-sector counterpart to KLHK in the carbon regulatory stack: KLHK governs the underlying credits and forestry rights, while OJK governs the marketplace and the financial-product status of those credits. Decisions on listing, custody, settlement, and market conduct on IDXCarbon flow from OJK rather than the Ministry of Trade or the Ministry of Finance.
Authoritative source
OJK — official site →Related terms