On Sep. 30, 2025, IDN FSA issued finalized circular on Monthly reporting for financial institutions conducting bullion business activities, along with abstract and FAQs.
Monthly reports must consist of details of gold deposit management, gold financing distribution, gold trading activities, gold safekeeping activities, gold prices per gram per day.
Compilation officers must have access to IDN FSA data communication network system; directors must submit application according to format 1 in appendix III with email user address.
Where financial institutions change email user address, directors must submit application for change of access to data communication network system according to format 2 in appendix III.
Force majeure includes fire, mass riots, war, armed conflict, sabotage, and natural disasters, non-natural disasters, and/or social disasters disrupting operational activities, which can be proven with statement from authorized official.
Offline submission shall be performed by direct delivery or sent via courier service company to IDN FSA office during working days and working hours; where IDN FSA office address changes, IDN FSA will provide notification via letter or announcement.
Circular is effective Dec. 1, 2025; obligation to submit monthly reports according to form, structure, and submission procedures begins for reporting period Dec. 2025.
Financial institutions that obtained license as bullion business operator by IDN FSA before circular takes effect must conduct trial submission of monthly reports for Oct. 2025 and Nov. 2025 periods.
Document dated Sep. 30, 2025, received from IDN FSA Oct. 9, summarized Oct. 14.
On May 27, IDN FSA proposed reporting by bullion business operators.
IDN FSA proposed Monthly reporting for bullion business operators, to regulate forms, structure, submission procedures of monthly reports for bullion business operators.
Monthly Reporting
Bullion business involves standardized gold activities conducted by financial institutions (LJKs), and monthly reports must cover gold financing, savings, trading, and custody.
Each LJK must submit the monthly report for the period from the first to last day of each month, using the format/structure specified in appendices I and II of the circular.
Monthly reports must be submitted to IDN FSA by 10th of the following month; each LJK must appoint responsible director/preparer to compile, verify, submit the report.
Reports must be submitted online via FSA's system; if unavailable, via designated email; if both fail, submission must be offline with supporting documents, signed letter.
IDN FSA may set new deadlines or channels during force majeure, which LJKs must promptly report; submission considered complete with system/email/physical receipt.
Trial reporting phase using the new format will be required for defined period in 2025.
Consultation Period
Comment period for the consultation closes on Jun. 17, 2025.
Sep. 2025 Circular Finalized
On Sep. 30, 2025, IDN FSA issued finalized circular on Monthly reporting for financial institutions conducting bullion business activities, along with abstract and FAQs.
Monthly reports must consist of details of gold deposit management, gold financing distribution, gold trading activities, gold safekeeping activities, gold prices per gram per day.
Compilation officers must have access to IDN FSA data communication network system; directors must submit application according to format 1 in appendix III with email user address.
Where financial institutions change email user address, directors must submit application for change of access to data communication network system according to format 2 in appendix III.
Force majeure includes fire, mass riots, war, armed conflict, sabotage, and natural disasters, non-natural disasters, and/or social disasters disrupting operational activities, which can be proven with statement from authorized official.
Offline submission shall be performed by direct delivery or sent via courier service company to IDN FSA office during working days and working hours; where IDN FSA office address changes, IDN FSA will provide notification via letter or announcement.
Circular is effective Dec. 1, 2025; obligation to submit monthly reports according to form, structure, and submission procedures begins for reporting period Dec. 2025.
Financial institutions that obtained license as bullion business operator by IDN FSA before circular takes effect must conduct trial submission of monthly reports for Oct. 2025 and Nov. 2025 periods.
Document dated Sep. 30, 2025, received from IDN FSA Oct. 9, summarized Oct. 14.
