Legal Centric

In order to maintain the level of risk exposure of insurance products linked to credit or sharia financing and suretyship or sharia suretyship managed carefully, and to provide better protection to interested parties, it is necessary to adjust regulations concerning the implementation of credit and suretyship insurance business sector. In relation to such matter, on 12 December 2023, the Chairperson of the Board of Commissioners of the Financial Services Authority stipulated Regulation of the Chairperson of the Board of Commissioners of the Financial Services Authority Number 20 Year 2023 regarding Insurance Products Linked to Credit or Sharia Financing and Suretyship or Sharia Suretyship Products.

Untuk menjaga tingkat eksposur risiko produk asuransi yang dikaitkan dengan kredit atau pembiayaan syariah dan Suretyship atau Suretyship syariah dikelola secara hati-hati, dan untuk memberikan perlindungan yang lebih baik kepada pihak yang berkepentingan, perlu untuk menyesuaikan peraturan mengenai penyelenggaraan lini usaha asuransi kredit dan suretyship. Berkaitan dengan hal tersebut, pada tanggal 12 Desember 2023, Ketua Dewan Komisioner Otoritas Jasa Keuangan menetapkan Peraturan Ketua Dewan Komisioner Otoritas Jasa Keuangan Republik Indonesia Nomor 20 Tahun 2023 tentang Produk Asuransi yang Dikaitkan dengan Kredit atau Pembiayaan Syariah dan Produk Suretyship atau Suretyship Syariah.

Friday, April 26 2024

Implementation of Bank Indonesia - Fast Payment

Penyelenggaraan Bank Indonesia - Fast Payment

In the context of the implementation of the Indonesia Payment Systems Blueprint 2025, Bank Indonesia implements Bank Indonesia - Fast Payment with the aim to support industry consolidation and end-to-end national digital economic and financial integration that is nationally driven, as well as to support the achievement of a fast, easy, cheap, safe, and reliable payment system. The implementation of Bank Indonesia - Fast Payment is also in line with Bank Indonesia's future policy directions in the monetary, macroprudential, and payment system sectors. This aims to support the establishment of an integrated, interoperable, and interconnected digital financial economic ecosystem. Based on these considerations, on 28 November 2023, the Members of the Board of Governors of Bank Indonesia stipulated Regulation of the Members of the Board of Governors of Bank Indonesia Number 17 Year 2023 regarding Implementation of Bank Indonesia - Fast Payment.

Dalam rangka implementasi Blueprint Sistem Pembayaran Indonesia 2025, Bank Indonesia menyelenggarakan Bank Indonesia - Fast Payment dengan tujuan mendukung konsolidasi industri dan integrasi ekonomi dan keuangan digital nasional secara end-to-end yang bersifat national driven, serta untuk mendukung tercapainya sistem pembayaran yang cepat, mudah, murah, aman, dan andal. Penerapan Bank Indonesia - Fast Payment juga selaras dengan arah kebijakan Bank Indonesia ke depan dalam sektor moneter, makroprudensial, dan sistem pembayaran yang bertujuan untuk mendukung terbentuknya ekosistem ekonomi keuangan digital yang integrated, interoperable, dan interconnected. Berdasarkan pertimbangan tersebut, pada tanggal 28 November 2023, Anggota Dewan Gubernur Bank Indonesia menetapkan Peraturan Anggota Dewan Gubernur Bank Indonesia Nomor 17 Tahun 2023 tentang Penyelenggaraan Bank Indonesia - Fast Payment.

Wednesday, April 24 2024

Updates

Summary of Regulation of the Minister of Cooperatives and Small and Medium Enterprises of the Republic of Indonesia Number 2 Year 2024 regarding Cooperative Accounting Policy

Rangkuman Peraturan Menteri Koperasi dan Usaha Kecil dan Menengah Republik Indonesia Nomor 2 Tahun 2024 tentang Kebijakan Akuntansi Koperasi

Summary of Regulation of the Head of the Commodity Futures Trading Regulatory Agency Number 5 Year 2024 regarding Administration of Commodity Physical Market Based on Sharia Principle at the Futures Exchange

Rangkuman Peraturan Kepala Badan Pengawas Perdagangan Berjangka Komoditi Nomor 5 Tahun 2024 tentang Penyelenggaraan Pasar Fisik Komoditi Berdasarkan Prinsip Syariah di Bursa Berjangka

Signing of Memorandum of Understanding for the Exchange of Crypto Asset Information between Tax Authorities of Indonesia and Australia

Penandatanganan Nota Kesepahaman untuk Pertukaran Informasi Aset Kripto antara Otoritas Pajak Indonesia dan Australia

Establishment of the Task Force for the Acceleration of Sugar and Bioethanol Self-Sufficiency in Merauke Regency, South Papua Province

Pembentukan Satuan Tugas Percepatan Swasembada Gula dan Bioetanol di Kabupaten Merauke, Provinsi Papua Selatan

Enforcement of the Bridging Visa Policy

Pemberlakuan Kebijakan Izin Tinggal Peralihan

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Laws & Regulations

Press Release · The Head of Communication, Service Information, and Trial Bureau of The Coordinating Minister for Economic Affairs · HM.4.6/277/SET.M.EKON.3/04/2024

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Enforcement of Electronic Submission of Legal Action of Cassation and Judicial Review

Pemberlakuan Pengajuan Upaya Hukum Kasasi dan Peninjauan Kembali Secara Elektronik

Presidential Regulation · The President of the Republic of Indonesia · 55 TAHUN 2024

Regional Technical Implementation Unit For Women And Child Protection

Unit Pelaksana Teknis Daerah Perlindungan Perempuan Dan Anak

Press Release · The Indonesia Competition Commision · 29/KPPU-PR/IV/2024

KPPU Akan Susun Indeks Kemitraan UMKM Nasional

Press Release · The Indonesia Competition Commision · 30/KPPU-PR/IV/2024

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Insights

Insurance Products Linked to Credit or Sharia Financing and Suretyship or Sharia Suretyship Products

Produk Asuransi yang Dikaitkan dengan Kredit atau Pembiayaan Syariah dan Produk Suretyship atau Suretyship Syariah

Implementation of Bank Indonesia - Fast Payment

Penyelenggaraan Bank Indonesia - Fast Payment

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