Kamis, Oktober 4, 2012 | Issue Number : 2008

BI Imposes a Limit on Possession of Multiple Credit Cards

Davidson Samosir

On 25 September 2012, Bank Indonesia (“BI”) issued Circular Letter No. 14/ 27/DASP of 2012 (“Circular”) on Mechanism to Adjust Credit Cards Possession. The Circular implements the following BI regulations and circulars:

1.	Regulation No. 11/11/PBI/2009 on Card-Based Payment Instrument Activities, as amended by Regulation No. 14/2/PBI/2012 (for a discussion on the Regulation, See ILB No. 1830); and
2.	Circular Letter No. 11/10/DASP of 2009 on Facilitation of Card Payment Instruments, as amended by Circular Letter No. 14/17/DASP of 2012 (for a discussion on the Circular, See ILB No. 1944).

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Davidson Samosir

1.	Regulation No. 11/11/PBI/2009 on Card-Based Payment Instrument Activities, as amended by Regulation No. 14/2/PBI/2012 (for a discussion on the Regulation, See ILB No. 1830); and
2.	Circular Letter No. 11/10/DASP of 2009 on Facilitation of Card Payment Instruments, as amended by Circular Letter No. 14/17/DASP of 2012 (for a discussion on the Circular, See ILB No. 1944).

......