T The existence of financial service institutions with ownership connections across various financial subsectors has added complexity to transactions and interactions between financial service institutions within the financial system. One of the newly established state institutions as an independent state organ (auxiliary state organ) is the Financial Services Authority (Otoritas Jasa Keuangan, OJK). The main issue raised is whether the Financial Services Authority (OJK) has been independent in carrying out its duties and authority in accordance with Law Number 21 of 2011. What is the position of the Financial Services Authority (OJK) within Indonesia\\\'s state structure? The method used in writing this thesis is a normative research type with a descriptive research nature, supported by secondary data derived from primary, secondary, and tertiary legal materials. Based on the analysis conducted, it can be concluded that the independence of the Financial Services Authority (OJK) is not entirely pure because it remains within legal and regulatory boundaries, including supervision by external bodies such as the Audit Board of Indonesia (BPK) and the People\\\'s Representative Council (DPR). Furthermore, the Financial Services Authority (OJK) can be categorized as an auxiliary state institution or a second-tier state institution that plays an important role in supervising and evaluating the performance and policies of OJK to ensure transparency, accountability, and prevent abuse of power, thus maintaining the balance of power within the government system.