KPEI: New Deadlines for Deposit Security Funds

In 2021, PT Kliring Penjaminan Efek Indonesia (“KPEI”) issued Rule No. III-1 (“Previous Rule III-1”) as the Appendix to Decree of the KPEI Board of Directors No. KEP-030/DIR/KPEI/1221 (“Decree 30/2021”) on Clearing Members (“Members”) Who Secure Clearing Services and Guarantees for Securities Derivative Contract Transaction Settlements (“Guarantees”). As this title suggests, the Previous Rule III-1 set out the applicable requirements and procedures that have to be complied with by Members in order to ultimately secure clearing and Guarantee services.