The types of products that incorporate inclusive branchless banking services and that may be offered by financial institutions encompass the following: 1) Basic Savings Accounts; 2) Microcredit and financing; and/or 3) Other financial services, as approved by the OJK

The maximum limit for the distribution of funds to related parties is set at 10% of BUS capital, whereas the maximum limit for the distribution of funds to individuals/groups of non-related-party customers is set at 25% of core BUS capital (Tier 1)

Extends the definition of management's primary parties to include management executives at the Financial Institution Pension Fund. Moreover, officers operating at levels above that of division head, aside from Board of Directors members, are also now defined as executive officers of Conventional Commercial Banks and Sharia Commercial Banks

From 21 December 2021 until 2 January 2022, violators will be exempt from the imposition of sanctions in relation to violations of the GWM fulfilment obligations on condition that said banks have become participants in the BI-FAST system and have made BI-FAST funds available

Prospective primary dealers (i.e. banks or securities companies) are first required to submit their applications to the Minister of Finance through the Director-General of Financing and Risk Management enclosing statement letters that address the following matters: 1) Their willingness to comply with provisions that apply to primary dealers and that address the use of the primary dealer trading system infrastructure; 2) Their willingness to participate in buyback auctions of SUN and to connect to SUN buyback auction infrastructure; and 3) A statement affirming that they are not under any special supervision or currently subject to any administrative sanctions in the form of limitations on/suspensions of business activities

In order to establish a BHI, the Draft Regulation has determined a minimum paid-up capital level of Rp. 10 trillion. The Draft Amendment also states that the OJK may determine different amounts of paid-up capital in line with certain considerations

The calculation procedures set under this new circular should be used during calculations of minimum capital adequacy requirement ratios for positions for January 2023 onwards

The proposed revisions to the scope of reassessment include: 1) Expansion of the definition of bank executive officers; 2) Introduction of a new elaboration which addresses the act of inhibiting or interfering with the efforts and implementing authority of the OJK/other primary parties/other parties; and 3) Addition of discussions on the problems of integrity, financial feasibility, financial reputation and/or competence

SIPENDAR contains general, special and specific information, while said information may only be accessed and exchanged by information users through the SIPENDAR application itself. Moreover, specific information can only be accessed by certain stakeholders through the filing of requests with the PPATK

Banks must fulfil the following macroprudential inclusive financing ratio floor thresholds for positions at the end of June and December: 1) 20% by the end of June 2022 and the end of December 2022; 2) 25% by the end of June 2023 and the end of December 2023; and 3) 30% from the end of June 2024