Background
The Non-Bank Financial Services Authority published Prakas No. 053 on 6 July 2026 to establish a FinTech and digital compliance working group for the non-bank financial sector. Prakas No. 053, dated 6 July 2026, establishes a FinTech and digital compliance working group within the non-bank financial sector.
Subsequently, Decision No. 015, dated 21 September 2026, sets out the appointed membership of that working group. Working groups are a governance mechanism that convenes regulator staff and external stakeholders to address technical policy and compliance matters in a specific sector.
Scope of Application
The instruments apply to the Non-Bank Financial Services Authority’s remit concerning non-bank financial institutions and market participants subject to the authority’s regulatory framework. The scope covers institutional arrangements for coordinating technical input and compliance-related discussion relevant to FinTech activities within the non-bank sector.
Key Provisions or Decisions
Prakas No. 053 formally creates the FinTech and digital compliance working group as an institutional body under the authority’s administrative framework. Decision No. 015 provides the formal appointment of the working group’s membership, specifying which offices or positions will participate in the group.
Implications for Investors, Businesses, or Compliance
The establishment and appointment of the working group creates a structured channel for policy coordination on FinTech and digital compliance matters that affect non-bank financial service providers. Entities operating in the non-bank financial sector should track outputs from the working group, as those outputs may inform future guidance or regulatory adjustments from the authority.
Official Source
Primary notices were posted by the FinTech Portal of the Non-Bank Financial Services Authority. Source posts reference Prakas No. 053 (6 July 2026) and Decision No. 015 (21 September 2026) and include direct PDF links on the FinTech Portal’s Telegram channel: https://t.me/fintechportalfsa/3339. Official social posts are available at the FSA FinTech Portal Facebook page: https://www.facebook.com/fintechportalfsa/
