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2009-05-18

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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Sumber Data Legal Information Team, Directorate of Legal Affairs

5/18/2009 3:49 AM

Judul Circular Letter of Bank Indonesia Number 11/ 14 /DPM - Amendment to Circular Letter of Bank Indonesia Number 10/29/DPM dated September 2, 2008 regarding the Procedures for the Submission of Application, Reporting, and Supervision of Sub-Registry

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Regulation :

Circular Letter of Bank Indonesia Number 11/ 14 /DPM - Amendment to Circular Letter of Bank Indonesia Number 10/29/DPM dated September 2, 2008 regarding the Procedures for the Submission of Application, Reporting, and Supervision of Sub-Registry

Effective date :

May 18, 2009

Summary :

The amendment in this Circular Letter has been made for:

Accommodating the regulations related to the implementation of the Bank Indonesia-Scripless Securities Settlement System Information System (BI-SSSS Information System) by, among others, as follows:

adding the definition of BI-SSSS Information;

deleting the obligation of the Sub-Registry to submit the report on the change of status and/or type of customer possessing the Commercial Paper;

in the event that a Daily Report cannot be submitted by the Sub-Registry through BI-SSSS, the report can be submitted through BI-SSSS Information System by giving a prior written notice to Bank Indonesia together with an explanation of the failure to submit the report through BI-SSSS.

adding the obligation to submit the report on the results of Commercial Paper issuance transaction and buyback/debt switching transactions not conducted through BI-SSSS on the same day of the transaction settlement date;

adding the regulation that in the event of any error in the Daily Report and the report on the results of Commercial Paper issuance transaction and buyback/debt switching transactions not conducted through BI-SSSS, the Sub-Registry shall make the corrections through BI-SSSS Information System;

making daily reconciliation between the settlement data reported to the Central Registry and the transaction settlement data in the Sub-Registry to guarantee the truth of the report data submitted to the Central Registry; and

adding the regulation related to the requirements for the use of BI-SSSS Information System and the management of BI-SSSS Information System users.

Accommodating the provisions of Government Regulation No. 27/2008 regarding Income Tax on SPN Discount and Regulation of the Minister of Finance No. 63/PMK.03/2008 regarding the Procedures for the Deduction of Income Tax on SPN Discount by deleting the duty of the Sub-Registry to take the evidence of Final Income Tax (PPh) collection to Bank Indonesia.

Amendment to Attachment 3 of the Guidelines on the Submission of Reports of Sub-Registry through BI-SSSS for accommodating the regulations in relation to:

customer data maintenance (including the addition/registration of new customer data, changes/corrections of customer data and deletion of customer data) in ST Client and/or BI-SSSS Information System;

the procedures for the submission of reports of the Sub-Registry through ST Client and BI-SSSS Information System; and

the procedures for making report corrections through BI-SSSS Information System.

The amendment to the provisions of the Circular Letter shall be effective as from May 18, 2009.

Lampiran Attachments

Lampiran 1 Circular Letter of Bank Indonesia Number 11/ 14 /DPM

Lampiran 2 FAQ - Circular Letter of Bank Indonesia Number 11/ 14 /DPM

Lampiran 3 Attachment Circular Letter of Bank Indonesia Number 11/ 14 /DPM

Lampiran 4

Lampiran 5

Lampiran 6

Lampiran 7

Lampiran 8

Lampiran 9

Lampiran 10

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Kontak Legal Information Team, Ph. : (021) 2310108 ext : 8737, 7890, 7993, 4838

Halaman ini terakhir diperbarui 1/27/2021 9:15 PM

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