| Issue Number : 4662

BI Adjusts Consumer Protection Provisions Through P2SK Law

Following the issuance of the Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“Law 4/2023”), which was squarely aimed at the reform of Indonesia’s financial sector, Bank Indonesia (“BI”) has now also issued Regulation No. 3 of 2023 on BI Consumer Protection (“Regulation 3/2023”) in an effort to achieve financial sector reform through the application of increased consumer protection.[1]

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Following the issuance of the Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“Law 4/2023”), which was squarely aimed at the reform of Indonesia’s financial sector, Bank Indonesia (“BI”) has now also issued Regulation No. 3 of 2023 on BI Consumer Protection (“Regulation 3/2023”) in an effort to achieve financial sector reform through the application of increased consumer protection.[1]

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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