Regulatory Alerts2015-11-13
Bank Indonesia Circular No. 17/31/DPSP on Operation of Securities Administration through BI-SSSS
Bank Indonesia issued Circular No. 17/31/DPSP to establish implementation provisions for securities administration via the Bank Indonesia-Scripless Securities Settlement System (BI-SSSS). The document defines key terms, outlines the operator's duties and authorities, and sets eligibility requirements and application procedures for participants. It mandates compliance with operational standards, infrastructure specifications, and separation of functions for conventional and Sharia business units.
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