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On 30 August 2016, the Financial Services Authority (Otoritas Jasa Keuangan or OJK) issued Circular Letter No.31/SEOJK.05/2016 on Fit and Proper Test (FPT) for Financial Services Institutions (FSI) Primary Parties (Circular 31) which took effect on the same date. Circular 31 further implements OJK Regulation No. 27/POJK.03/2016 on FPT for FSI Primary Parties (Regulation 27).

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