Regulatory Alerts2025-03-27
Added
Regulation of Member of Board of Governors Number 9 of 2025 on Supporting Institutions and Professions for the Money Market and Foreign Exchange Market
The regulation establishes registration obligations with Bank Indonesia for PUVA Supporting Institutions, including Arrangers and Rating Agencies, and PUVA Supporting Professions such as Legal Consultants, Public Accountants, and Notaries. It mandates that these entities provide services in a professional, objective, and non-misleading manner while applying principles of prudence and effective risk management. Specific requirements are imposed on Arrangers to possess at least one year of experience and valid business licenses, and on Rating Agencies to demonstrate independence and have published at least two rating results. Breaches of these provisions trigger administrative sanctions in the form of written warnings.
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