Indonesia: Adopted OJK Regulation 11/2022 including data localisation requirements for banks
Description
Adopted OJK Regulation 11/2022 including data localisation requirements for banks
On 7 July 2022, the Indonesian Financial Services Authority (OJK) promulgated Regulation 11/2022 on “Implementation of Information Technology by Commercial Banks”. In particular, the Regulation requires banks to locate their data centres and disaster recovery centres in Indonesia unless OJK approves their placement outside of Indonesia. The Regulation enters into force 3 months after promulgation.
Original sourceScope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body