Regulatory Alerts2015-11-12
Bank Indonesia Regulation Number 17/18/PBI/2015 Concerning Bank Indonesia Operated Systems for Management of Transactions, Administrations of Securities, and Realtime Fund Settlement
Bank Indonesia issued Regulation Number 17/18/PBI/2015 to establish the legal framework for its integrated payment and securities infrastructure systems, specifically Sistem BI-ETP, BI-SSSS, and Sistem BI-RTGS. The regulation defines the eligibility criteria, participation statuses, and operational obligations for banks and other financial institutions utilizing these platforms for monetary operations, securities administration, and real-time fund settlement. It further mandates strict compliance with safety standards, reporting requirements, and the separation of conventional and Sharia business activities within the regulated systems.
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