| Issue Number : 5373

LPS Tightens Premium Payment Rules for Banks: Calculations Required Prior to Payment, BPR and BPRS Must Only Settle as Billed

In 2024, the Deposit Insurance Corporation (Lembaga Penjamin Simpanan – “LPS”) introduced a new set of procedures for the payment of membership contributions, deposit insurance premiums (“Premiums”) and fines for underpayments and/or late payments of Premiums (“Fines”) through the issuance of Circular No. SE-5/ADK1/2024 (“Circular 5/2024”).[1]

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In 2024, the Deposit Insurance Corporation (Lembaga Penjamin Simpanan – “LPS”) introduced a new set of procedures for the payment of membership contributions, deposit insurance premiums (“Premiums”) and fines for underpayments and/or late payments of Premiums (“Fines”) through the issuance of Circular No. SE-5/ADK1/2024 (“Circular 5/2024”).[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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