Legal Aspects of Supervision of Cooperatives as A Micro Financial Institution

. The participation of cooperatives in realizing national economic development has a very important position, for this reason it is necessary to have the role of the government in conducting guidance to increase cooperative growth and supervision of cooperative business activities. Regulatory dualism towards cooperative supervision raises new legal problems and regulatory inconsistencies. Cooperatives in their business activities as microfinance institutions have special provisions that regulate business licensing and supervision of business activities under the supervision of the Financial Services Authority which is lex specialist, has a legal source, namely Law Number 21 of 2011 concerning the Financial Services Authority, Law Number 1 2013 concerning Microfinance Institutions, and in its implementation refers to the Financial Services Authority Regulation Number 62/Pojk.05/2015 concerning Microfinance Institution Business Conduct.