Background
The Non-Bank Financial Services Authority officially adopted Prakas No. 010 F.S.A. BRK dated 28 January 2026 on dispute resolution in the trust sector. According to the announcement, the prakas was issued in response to requirements under the Trust Law for a subordinate legal instrument governing the mechanisms, modalities, and procedures for mediation and adjudication related to trust operations.
Scope of Application
The prakas applies to disputes arising from trust operations and the provision of services in the trust sector. It covers the use of mediation and adjudication mechanisms in line with technical principles for alternative dispute resolution applicable to the sector.
Key Provisions or Decisions
Prakas No. 010 sets out the mechanisms and procedures for mediation and adjudication by the Trust Dispute Resolution Council (TDRC). The stated objective is to provide efficient and equitable resolution of disputes involving trust operations, while protecting investors, trust parties, and other participants in the trust sector.
Implications for Investors, Businesses, or Compliance
The adoption of the prakas provides a formal procedural framework for dispute resolution in the trust sector. Trust sector participants, including investors and trust-related parties, should refer to the new procedures and mechanisms established for mediation and adjudication when disputes arise.
Official Source
Trust Regulator announcement citing Prakas No. 010 F.S.A. BRK dated 28 January 2026 on “Dispute Resolution in the Trust Sector,” published on 29 January 2026.
