Regulatory Alerts2023-01-01 | JPRM-2023-019-MJPRM-2023-019-M — Reforming Regulation on Reserve Requirements and Liquidity Reserves
The Monetary and Financial Policy Board issued Resolution JPRM-2023-019-M to correct a clerical error in the reserve requirement percentages for public financial sector entities. The resolution amends Resolution JPRM-2023-013-M by changing the reserve requirement for public sector entities with assets less than or equal to USD 1,000 million from 3.5% to 5.0%. This regulatory adjustment became effective on October 12, 2023, to ensure accurate liquidity management and compliance with national financial regulations.
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