Bank Indonesia Regulation No.9/4/PBI/2007 - Revocation of Some Decrees and Circular Letters Related To Banking Prudential Principles

BANK INDONESIA REGULATION
NUMBER: 9/4/PBI/2007
CONCERNING
REVOCATION OF SOME DECREES OF THE BOARD OF MANAGING DIRECTOR OF BANK INDONESIA AND BANK INDONESIA CIRCULAR LETTERS RELATED TO BANKING PRUDENTIAL PRINCIPLES GOVERNOR OF BANK INDONESIA, Considering: a. that in order to improve the effectiveness of bank supervision, Bank Indonesia has issued various provisions related to prudential principles; b. that the prudential provisions were developed by referring to the best practices and international standards;
c. that some of the provisions are not in line with the latest applicable
provisions; d. that based on the consideration as referred to in point a, point b and point c above, it is deemed necessary to set forth the provision concerning revocation of some provisions which are not in line with the latest applicable provision in a Bank Indonesia Regulation; In view of: 1. Act Number 7 Year 1992 concerning Banking (State Gazette of Republic of Indonesia Year 1992 Number 31; Supplement to State Gazette of Republic of Indonesia Number 3472) as amended by Act Number 10 Year 1998 (State Gazette of Republic of Indonesia Year 1998 Number 182; Supplement to State Gazette of Republic of Indonesia Number 3790);
2. Act Number 23 Year 1999 concerning Bank Indonesia (State Gazette
of Republic of Indonesia Year 1999 Number 66; Supplement to State

Gazette of Republic of Indonesia Number 3843) as amended by Act Number 3 Year 2004 (State Gazette of Republic of Indonesia Year 2004 Number 7; Supplement to State Gazette of Republic of Indonesia Number 4357); HAS DECREED:
To stipulate: BANK INDONESIA REGULATION CONCERNING REVOCATION OF SOME DECREES OF THE BOARD OF MANAGING DIRECTOR OF BANK INDONESIA AND BANK INDONESIA CIRCULAR LETTERS CONCERNING BANKING PRUDENTIAL PRINCIPLES.
Article 1
Revoke and declare the non-validity of:

1. Decree of The Board of Managing Director of Bank Indonesia No. 1/1-KEP.DIR dated
   13 th January 1969 concerning 1969 Savings with Prizes;

2. Decree of The Board of Managing Director of Bank Indonesia No. 22/63/KEP/DIR
   dated 1 st December 1989 concerning Providence of Savings;

3. Circular Letter No. 22/133/UPG dated 1 st December 1989 concerning Providence of
   Savings:

4. Circular Letter No. 30/1/UPPB dated 24 th April 1997 concerning Method of Report
   Submission Regarding Debtor that Receives Foreign Loan and Applicant that Receives Bank Guarantee Within the Framework of Foreign Liability Fulfillment;

5. Circular Letter Number 30/4/UPPB dated 7 th May 1997 concerning Adjustment of
   Commercial Bank Credit Report Within the Framework of Export Credit Reporting;

6. Circular Letter No. 30/09/UPPB dated 10 th October 1997 concerning Assessment of
   Capital Health Level for Foreign Exchange Banks;

7. Circular Letter No. 30/12/UPPB dated 12 th November 1997 concerning the Fund
   Utilization from Bank Indonesia Facility;

8. Decree of The Board of Managing Director of Bank Indonesia No. 30/274A/KEP/DIR
   dated 11 th March 1998 concerning Affirmation on Decree of The Board of Managing Director of Bank Indonesia No. 30/266/KEP/DIR dated 27 th February 1998 concerning Implementation of Prudential Principles that concerns Inter-Bank Obligation; Bill Takeover, Saving Interest Rate and Provision of Funds;

9. Circular Letter No. 30/21/UPPB dated 11 th March 1998 concerning the Reaffirmation
   of the Enactment of Bank Indonesia Provisions towards Foreign Bank Offices;

10. Circular Letter No. 31/04/UPPB dated 29 th May 1998 concerning the Pledge on Third
    Party Saving and Inter-Bank Money Market;

11. Circular Letter No. 31/17/UPPB dated 31 st December 1998 concerning Commercial
    Bank Net Open Position;

12. Circular Letter No. 31/19/UPPB dated 31 st December 1998 concerning the Formation
    of Investigation Team on Irregularities in Banking Sector; and

13. Circular Letter No. 32/1/UPPB dated 12 th May 1999 concerning Commercial Banks.
    Article 2
    This Bank Indonesia Regulation comes into force from the date it is set. Enacted in Jakarta Dated: 26 th March 2007 GOVERNOR OF BANK INDONESIA BURHANUDDIN ABDULLAH STATE GAZETTE OF REPUBLIC OF INDONESIA YEAR 2007 NUMBER 50 DPNP