Regulatory Alerts2025-07-25
Added
Regulation of Member of Board of Governors Number 16 of 2025 on the Amendment to Regulation of Member of Board of Governors Number 13 of 2024 on Money Market Transactions
The regulation introduces a matchmaking mechanism for money market transactions, defining it as a process for participants to submit bid and ask quotations using methods such as match price or mid price. It establishes criteria for Transaction Facility Operators to become approved Operators of Matchmaking, requiring approval from Bank Indonesia based on transaction, interconnection, competency, risk management, and infrastructure standards. Operators must submit implementation reports within 30 minutes after the transaction window ends, and Bank Indonesia publishes the results, including volume-weighted averages for tenors up to 12 months.
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