Consolidations of commercial banks can be carried out through the following schemes: 1) Merger, consolidation or integration; 2) Acquisition followed by merger, consolidation or integration; 3) Establishment of bank business groups (kelompok usaha bank KUB) by commercial banks which are owned by the controlling shareholders; 4) Establishment of KUB due to the spin-off of a sharia business unit; or 5) Establishment of KUB due to acquisition

Commercial banks and non-banking institutions are required to ensure that certain employees in charge of SPPUR activities possess SPPUR certificates as evidence of their competencies within the SPPUR field.

Under this new regulation, banks are required to undertake assessments of productive and non-productive assets and to determine the relevant asset qualities based on the various characteristic.

Commercial banks are required to prepare and implement anti-fraud strategies in order to minimize the risk of fraud, including the following measures: 1) Prevention; 2) Detection; 3) Investigation, reporting and sanctions; and 4) Monitoring, evaluation and follow-up.

This new regulation introduces new corporate action models as follows: 1) Integration (i.e. transfer of assets and/or liabilities from KCBLN to commercial banks); and 2) Conversion (i.e. modification of KCBLN business licenses into bank business licenses).

Sharia banks are no longer prohibited from cooperating with conventional banks that operate any sharia business units and cooperation arrangements are no longer restricted to sharia banks and conventional banks located within the same province or within the same Bank Indonesia regional supervision jurisdiction

Any ongoing applications which were submitted prior to the new regulation coming into force will continue to be processed in accordance with the various provisions set out under the previous regulation

The Amendment introduces LTV/FTV ratios for ownership of green property, as well as minimum down-payment rates for loans/financing for green motor-vehicles

In order to be appointed as a system internalizer, a commercial bank must first secure an operational license from Bank Indonesia through the following steps: 1) Fulfillment of prerequisites; 2) Submission of operational license application and the required supporting documents; 3) Review of the submitted documents and on-site visits; and 4) Issuance of the operational license

Any financial services institutions, individuals or entities wishing to submit their licensing applications via this platform must first obtain access rights by registering and by meeting a number of different administrative requirements