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KBLI Navigator/Section K/66116
KBLI 66116

Financial Services Supervision (Non-Insurance, Non-Pension)

Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan Dana Pensiun

🏦 Section K — Financial & Insurance Activities

In Bali: a PT PMA cannot register this code

National procedure — does not apply to a PT PMA in Bali

In Bali this activity is blocked for a PT PMA under the 13 May 2026 moratorium. The national procedure below applies only to non-PMA operators.

✅Open· 100% nat'l · blocked in BaliDirect Match🏝️🚫Closed in Bali (2026 moratorium)· needs review· low conf.❓Not classifiable — divergence documented

Financial Oversight: Nationally Open, Closed to PMA in Bali

A nationally open activity covering financial-sector oversight, but one that Bali’s permanent PMA moratorium blocks at a Bali address.

By the numbers
Foreign-ownership ceiling
100%
Scales open to
Mikro, Kecil, Menengah, Besar
National source
Perpres 10/2021, 49/2021
Bali status
Closed (Bali moratorium)
National openness does not create a PMA registration route at a Bali address where the island-wide moratorium applies.
What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

This code covers regulation, supervision, inspection, and investigation of financial services across banking, capital markets, financing institutions, commodity futures trading, and financial technology/digital assets (excluding insurance, guarantee, and pension-fund supervision, and self-regulatory-organization activity). The licensing rows shown here earlier were in fact an unrelated cooperative-sector rating-agency licensing regime, so the entire block has been removed from this page; the correct licensing for this code is not yet reliably defined in our verified sources. Before registering or investing, confirm the current requirements with the Bali Zero team. **Risk tier under review.** The licensing rows this code's risk tier was read from have since been set aside as unverifiable for KBLI 2025, so we cannot currently re-derive it. Where this page states a risk tier or a scale-based requirement, treat it as provisional pending re-derivation, and verify the current classification at oss.go.id before acting on it.

Who This Is For

This suits foreign entrepreneurs aiming to provide outsourced financial supervision, regulatory compliance auditing, or specialized investigative services to financial institutions, though the Bali block makes onshore setup impossible for now.

2020 → 2025
Previous codes (KBLI 2020): 66116

Regulatory Divergence

The licensing previously shown for 66116 was removed because its source could not be verified as applying to this activity. Here is what the sources actually say — with citations.

Correction note — verbatim, with source locators

KBLI 2025 code 66116 'Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan Dana Pensiun' (regulation, supervision, inspection, and investigation of financial services in banking, capital markets/derivatives/carbon exchange, financing/venture-capital/microfinance institutions, commodity futures trading, fintech/digital assets/crypto, and consumer protection/education across the integrated financial sector — excluding insurance/guarantee/pension-fund supervision, see 66292, and self-regulatory-organization activity, see 66117) carries a served per_skala row verified this session, by direct read of the canonical payload, to be a licensing regime for agencies that RATE COOPERATIVES (lembaga pemeringkat koperasi): kewajiban 'Menyampaikan laporan kegiatan kepada kementerian koperasi dan ukm' (report to the Ministry of Cooperatives and SMEs), 'Memiliki standar operasional manajemen aktivitas pemeringkatan koperasi' (operational management standards for cooperative-RATING activity), 'Personil yang melaksanakan aktifitas pemeringkatan bebas konflik kepentingan' and personnel 'keahlian dan pengalaman dibidang pemeringkatan koperasi' (cooperative-rating expertise/certification) — none of which corresponds to financial-sector regulatory/supervisory activity. canonical status_mapping='MATCH_LANGSUNG', pp28_sources=['66116'] — the crosswalk metadata itself is NOT disputed by this cure; the defect is confined to the served payload. Per the detach-all rule (same convention as Lot 1/2/3), the entire per_skala array is detached. Seat-agreement note (Lot 4 gate report §3): this code is one of the runner's only 3 concordant tuples (66116, 66124, 66129 — D1 and D5 independently agreed on mapping_type/licensing_inherits/problem_found; final category taken from D5 by the runner's deterministic precedence rule). per_skala detached; the licensing regime for this financial-sector supervisory activity is not retrievable from the pinned sources as hunted. Lot 4 conductor gate (second signing), run wf_66ea406e-b0d, 2026-07-19.

The detached licensing rows (source unverified for this activity)1 row

These rows were previously shown on this page and have been detached — the correction note above documents, with source locators, why their source could not be kept for the activity this page describes. They are preserved here as the audit trail of the divergence.

Mikro, Kecil, Menengah, BesarMedium-Low RiskNIB dan Sertifikat StandarAuthority: Menteri/ Kepala Badan
BPS Peraturan 7/2025 (KBLI 2025 classification)PP 28/2025 (risk-based licensing annexes)OSS RBA ruang-lingkup — no KBLI-2025 scope retrievable via the OSS API (404)

Sources & Verification

Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.

Activity definition
BPS Peraturan 7/2025 + PP 28/2025VerifiedKBLI 2025

Title and scope as defined by the KBLI-2025 classification.

locator: OSS_RBA_2025_id_version_fff4053d

Risk & licensing
Detached — source could not be verifiedDeclared gap—

The previously-served rows were removed because their source could not be verified as applying to this activity. See Regulatory Divergence above for the documented correction note.

Foreign ownership (PMA)
Perpres 10/2021, 49/2021Audit pendingKBLI 2020

The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.

Bali status
Bali province blocks ALL Low + Medium-Low risk KBLI for PMA (island-wide, permanent) (effective 2026-05-13)Audit pending2026 overlay

Conservative posture derived from the risk tier · confidence LOW.

Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.

Common Questions
Can foreigners operate a financial services supervision (non-insurance, non-pension) business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 66116 (Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan Dana Pensiun) is TERBUKA (100% foreign ownership) at the national level, but in Bali it is blocked for a PT PMA under the 13 May 2026 moratorium. [derivation under review] Nationally TERBUKA but the Besar scale is 'Menengah Rendah' -> blocked by the Bali PMA moratorium (Gov. letter B.27.000/642, 13 May 2026: all Rendah/Menengah Rendah blocked for a Bali address). [NB-3 28 June 2026] — NOTE: the licensing rows this verdict's risk tier was read from have since been set aside as unverifiable for KBLI 2025, so the verdict cannot currently be re-derived; verdict pending re-derivation from the true risk tier (GARUDA-FILIERA). Outside Bali it is open to a PT PMA with no local partner required. (Source: Perpres 10/2021 as amended by Perpres 49/2021 — the investment-list annexes predate KBLI 2025; per-code crosswalk audit in progress.)
What license is required for KBLI 66116?
We cannot yet show a verified licensing basis for KBLI 66116: the licensing previously associated with this code was removed because its source could not be verified as applying to this activity. See the Regulatory Divergence section on this page for the documented sources, and verify the current OSS treatment before relying on any licensing assumption.
What is KBLI 66116?
KBLI 66116 is the Indonesian business classification code for "Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan Dana Pensiun" (Financial Services Supervision (Non-Insurance, Non-Pension)). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.
How did KBLI 66116 change from KBLI 2020 to 2025?
KBLI 66116 was mapped from previous code 66116 (KBLI 2020). This is a direct match — the code number and scope remained the same. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

66117Section K

Self-Regulatory Organization

Aktivitas Regulator Mandiri

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66115Section K

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Penyelenggaraan Sarana Transaksi di Pasar Uang dan Pasar Valuta Asing

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66119Section K

Other Financial & Commodity Market Administration

Administrasi Pasar Keuangan, Pasar Berjangka Komoditas, dan Pasar Sejenisnya Ytdl

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66114Section K

Alternative-Market Derivatives Trading

Penyelenggaraan Perdagangan Kontrak Derivatif di Pasar Alternatif

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66121Section K

Securities Brokerage (Non-Carbon)

Kepialangan Efek Selain Unit Karbon

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66113Section K

Digital Financial Asset Exchange

Penyelenggaraan Bursa Aset Keuangan Digital

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in Bali
🏢

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