Regulatory Alerts2018-12-16
Bank Indonesia Regulation Number 20/14/PBI/2018 On The Second Amendment To Bank Indonesia Regulation Number 20/5/PBI/2018 On Monetary Operation
Bank Indonesia issued this regulation to formally integrate Sukuk Bank Indonesia (SukBI) into its monetary operation framework under Sharia principles. The amendment defines SukBI as a Sharia-compliant instrument, establishes its issuance and trading rules, and permits its use as collateral in both conventional and Sharia standing facilities. Additionally, the regulation imposes specific sanctions for breaches of secondary market transaction limitations regarding SukBI, SBI, and SDBI.
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