Reporting Guidelines for Infrastructure Financing Companies

The Head of Capital Markets and Financial Institutions Supervisory Agency (‘Bapepam-LK’) has issued Regulation No. PER-03/BL/2010 on the Format, Composition and Submission of Quarterly Financial Reports and Semi-Annual Business Activities Reports for Infrastructure Financing Companies (‘Regulation’). The Regulation was issued in order to facilitate the implementation of Article 28 (2) of Minister of Finance Regulation No. 100/PMK.010/2009 on Infrastructure Financing Companies.

Infrastructure financing companies are business entities that are established specifically to provide funding to infrastructure projects. Their main activities comprise of direct lending, refinancing, and subordinated loans. These activities are in turn supported by programs such as credit enhancement, advisory services, equity investment, swaps, and other facilities as agreed by the Minister of Finance.

Infrastructure financing companies are obliged, by Article 1, to submit:

The reports must be submitted, both in hard copy and in soft copy, to the Minister of Finance c.q. Head of Bapepam-LK, attention to Head of Financing and Securities Bureau.  

Submission deadlines, as set out in Article 4, state that quarterly financial reports must be submitted within 15 calendar days following the end of the reporting period, and semi-annual business activities reports must be submitted within 1 month following the end of the reporting period.

The Regulation also includes two attachments that contain the standard forms and list the documents that must be submitted in accordance with the Regulation. Attachment 1 applies to quarterly financial reports, and Attachment 2 to semi-annual business activity reports.

For a brief overview of the regulation dealing with infrastructure financing companies see ILB Number 1122 18/6/2009.

The Regulation has been in force since 28 September 2010.