Regulatory Alerts2018-10-19
Bank Indonesia Regulation No. 20/11/PBI/2018 on the Third Amendment to Regulation No. 17/18/PBI/2015 on Securities Transactions and Real-Time Fund Settlement
Bank Indonesia issued Regulation No. 20/11/PBI/2018 to accelerate the implementation of requirements for sufficient funds at the time of settlement instructions and intraday liquidity facilities. The regulation amends definitions in the primary regulation and inserts Article 80A to mandate that these specific provisions come into force on 1 November 2018. This adjustment aims to ensure a smoother, safer, and more efficient payment system by preventing settlement queues and maintaining market discipline.
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