OJK Supervised Battalion Savings Cooperative, Kemenkop Serap, Public Aspirations For The Susun Of The Cooperative Bill

Secretary of the Ministry of Cooperatives and SMEs, Arif Rahman Hakim. (Photo: Doc. Antara)

The discourse on monitoring savings and loan cooperatives under the Financial Services Authority (OJK) has been confirmed to be canceled.

Secretary of the Ministry of Cooperatives and SMEs, Arif Rahman Hakim, revealed that the arrangements related to the Savings and Loans Cooperative in the Draft Law on the Development and Strengthening of the Financial Sector (RUU PPSK) will be directed to the Cooperative Bill.

Arif emphasized that the Cooperative Bill is currently being drafted and the process is still ongoing.

According to him, the preparation of the Cooperative Bill to replace Law Number 25 of 1992 concerning operations is considered irrelevant.

"We are very open to friends of the cooperative movement, even very grateful if friends are willing to take the energy and time to participate in discussing the Cooperative Bill together," he said via a written post, Friday, December 9.

Therefore, Arif emphasized, his party is open and ready to absorb the widest public aspirations of all elements of society and cooperative movements for the realization of ideal and better cooperative laws or laws and regulations.

Including, continued Arif, related to business models and supervisory systems so that cooperatives are more advanced and trusted by the community.

Arif added that his party needed the participation of the cooperative and community movement to report which financial institutions were on behalf of themselves as cooperatives.

This is to accommodate the demands of a number of protesters related to the financial sector's business arrangements that have now been carried out by cooperatives to serve the non-member community, given the opportunity to remain a cooperative legal entity.

"We hope that input can be given which are not cooperatives but financial institutions, then according to the agreement they will be given the opportunity for one year to improve, this will also be regulated in the Cooperative Bill," said Arif.