Regulatory Alerts2024-09-30
Regulation of Member of Board of Governors Number 13 of 2024 on Money Market Transactions
Bank Indonesia issues Regulation Number 13 of 2024 to regulate, develop, and supervise the money market to ensure rupiah stability and market modernization. The regulation establishes comprehensive frameworks for money market products, pricing mechanisms including the IndONIA index, and participant obligations, while introducing specific rules for smart contract usage. It mandates licensing for instrument issuers, defines prudential standards for participants, and outlines administrative sanctions for non-compliance with these new market standards.
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