New Provisions on Systematic Internalizers for Financial Market Transactions Introduced

In order to ensure the implementation of good governance and effective risk management by parties which are engaged in the organization of transaction performance facilities within money markets and foreign-exchange markets (“Financial Markets”), Bank Indonesia (“BI”) has issued Regulation No. 21/5/PBI/2019 on Organizers of Transaction Performance Facilities within Money Markets and Foreign-Exchange Markets.[1] Among the parties who offer transaction performance facilities within the Financial Markets are systematic internalizers, which are now further elaborated upon under Regulation of the Board of Governors No. 21/20/PADG/2019 on Systematic Internalizers (“Regulation 20/2019”).[2]