Govt. Issues New Provisions on Primary SUN Dealers

In order to support the issuance of Government Bonds (Surat Utang Negara “SUN”) through the primary market, as well as to develop a secondary SUN market and expand the investor base, the Minister of Finance (“Minister”) has issued Regulation No. 168/PMK.08/2021 (“Regulation 168/2021”), which simultaneously repeals and replaces the previous legal framework that dealt with primary dealers, specifically Regulation of the Minister No. 134/PMK.08/2013, which has been amended several times, most recently through the issuance of Regulation No. 234/PMK.08/2016 (together referred to as “Regulation 134/2013”).[1]