Regulatory Alerts2015-11-12
Bank Indonesia Regulation Number 17/20/PBI/2015 Concerning the Third Amendment to Bank Indonesia Regulation Number 12/11/PBI/2010 Concerning Monetary Operations
Bank Indonesia issued Regulation Number 17/20/PBI/2015 to strengthen monetary operations infrastructure and synchronize monetary policy with payment system regulations. The amendment updates definitions, mandates electronic administration for Bank Indonesia Certificates, and establishes strict settlement requirements and financial penalties for transaction cancellations. It also clarifies that temporary suspension sanctions do not apply to Lending Facility Repo transactions arising from unpaid intraday liquidity facilities.
Share