Regulatory Alerts2009-05-18
Bank Indonesia Circular Letter No. 11/14/DPM Amending Procedures for Sub-Registry Applications and Reporting
Bank Indonesia issued Circular Letter No. 11/14/DPM to amend reporting and supervision procedures for Sub-Registries, primarily to align with the BI-SSSS Information System and Government Regulation No. 27/2008. The amendment mandates daily reconciliation, requires same-day reporting of Commercial Paper transactions not conducted through BI-SSSS, and updates data maintenance and correction protocols within the system. Additionally, it removes the obligation for Sub-Registries to submit evidence of Final Income Tax collection to the central bank.
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