The Types of Financial Institution Under the Supervising of FSA

of financial service users in Indonesia, the protector of consumers, regulators and supervisors of financial institutions in Indonesia. 34 The establishment of monitoring system is one of the solutions of the problems mentioned earlier. The unification of the regulatory agency is considered to reduce the existing abuse of dualism supervision. Moreover, the flow becomes concentrated so the comprehensive monitoring information of financial institution can be achieved. 35 34 Septian Widiyanto, op.cit p. 21. 35 Ibid CHAPTER III RESEARCH METHODOLOGY

A. The Type of Research

This research uses normative legal research in which the researcher conducts the literature study to find the material or data related to the issue. The data were collected from reading journals, books, laws or regulations related to the research issue.

B. Legal Materials

Legal materials are taken from the learning literatures such as: Primary legal material consists of several laws, regulation, Government Regulation, policies, as follows: a. Law number 21 of 2011 about Financial Service Authority b. Law number 3 of 2004 jo. Law number 6 of 2009 about Bank Indonesia. c. Law number 1 of 2013 about Micro Finance Institution d. Regulation of Financial Services Authority number 23POJK.072013 on consumer protection in financial services sector. e. Circular Letter of the Board of Commissioners number 2SEDK.072015 on Guidelines for Monitoring and Analysis of Consumer Protection in the Financial Services Sector. f. Financial Services Authority Regulation No. 1POJK.072013 on consumer protection financial services sector. g. Circular Letter of Financial Service Authority number 2SEOJK.072014 on Service and Settlement of Consumer Complaints on Financial Services Business h. Decision of the Minister of Cooperatives and Small and Medium Enterprises Republic of Indonesia Number: 91M.KUKMXI2004 Concerning the Implementation Guidelines of Cooperative Business Activities of Islamic Financial Service. i. Regulation of Financial Service Authority No. 1POJK.072013 on Customer Protection Financial Service Sector. j. Regulation of Financial Service Authority Number 14POJK.052014 on Guidance and Supervision Microfinance Institution. k. Civil code l. Commercial code. Secondary legal material of this research comprises of several research findings, like books, journals, draft of law, magazine, internet, etc.

C. Method of Collecting Data

The data of the research were collected through library research or literature interpretation. The data were found by reading, analyzing, and trying to make