Banks are now required to submit their Premium calculations to the Deposit Insurance Corporation (Lembaga Penjamin Simpanan/LPS) before completing any Premium payments. However, it should be noted that rural banks (Bank Perekonomian Rakyat/BPR) and sharia BPR (BPR Syariah/BPRS) may only pay billed amounts that are linked to relevant virtual account numbers and must also submit proofs of payment through the e-Laporan system or, if the system is experiencing technical issues, via email.

Banks must now submit their Banking Restructuring Program (Program Restrukturisasi Perbankan/PRP) premium (?Premiums?) calculations prior to completing any Premium payments. Specifically, Rural Banks (Bank Perekonomian Rakyat ? ?BPR?) and Sharia BPR (BPR Syariah ? ?BPRS?) are required to ensure that their Premium payments match the exact amounts stated for the relevant virtual account numbers. Additionally, various partner banking applications and virtual account structures have been updated in order to ensure seamless integration into the latest payment systems. This should hopefully enhance the overall efficiency of the payment process.

Following the enforcement of Regulation of OJK No. 11/POJK.03/2022, this Regulation now further details various requirements associated with the organization of Information Technology (?IT?) by commercial banks (?Banks?). Overall, this framework covers the following aspects: 1) The utilization of IT services providers (Pihak Penyedia Jasa TI/PPJTI); 2) Banks? IT architecture; 3) Data management and personal data protection (PDP) requirements; 4) Risk management processes; and 5) Internal control and audits.

Commercial banks are required to draw up and submit several types of publication reports (e.g. financial statements, risk exposure and capital reports, as well as sustainability reports) in line with a quarterly and semesterly reporting timeline. Meanwhile, insurance companies are required to ensure that all of their health insurance products satisfy various eligibility and design criteria, and also feature adequate prudence and effective risk-management initiatives.

The Second Amendment has now strengthened the regulatory framework that governs the recording of transactions and financial reporting by banks undergoing processes of liquidation. In this regard, the new framework introduces a deposit-based audit requirement for Reports on Changes in Net Assets During a Period of Liquidation. This requirement now means that banks with total deposits amounting to at least Rp. 200 billion will continue to be subject to mandatory annual audits that should be undertaken by public accounting firms (Kantor Akuntan Publik/KAP). Meanwhile, any banks with lower levels of deposits will only be required to submit reports to LPS for approval without having to complete any mandatory audits. In addition, the Second Amendment has now revised several reporting timelines and procedural requirements for Reports on Net Assets at the Start of a Period of Liquidation and Reports on Net Assets at the End of a Period of Liquidation.

This Circular sets out details of the mandatory application of the Internal Liquidity Adequacy Assessment Process (ILAAP) by conventional and sharia commercial banks, as well as sharia business units (collectively referred to as Banks). Banks are required to draw up and submit ILAAP reports to the Financial Services Authority (Otoritas Jasa Keuangan/OJK) during initial submission periods that are determined in line with their Bank Core Capital Categories (Kelompok Bank berdasarkan Modal Inti/KBMI). It should be noted that the earliest initial submission timeframe commences in December 2026, while Banks are required to complete one-year trial submissions ahead of this initial submission period.

This Regulation establishes a standardized framework for the management of giro and savings accounts by commercial banks (Banks) in order to enhance customer protection and prevent any misuse. Under this new framework, accounts are classified by their status based on customer-initiated activities. Said statuses break down into active status, inactive status (no activity for over 360 days) and dormant status (no activity for over 1,800 days). This new framework also requires Banks to implement a new set of uniform policies and procedures by 10 May 2026 and enforces tiered administrative sanctions for noncompliance, from written reprimands to restrictions on business activities and governance assessments.

Bank Indonesia (BI) has issued an Amendment to its Implementing Regulation on Short-Term Liquidity Loans (Pinjaman Likuiditas Jangka Pendek/PLJP) for Conventional Commercial Banks (Bank Umum Konvensional/BUK), introducing BI Floating Rate Notes (BI-FRN) and other high-rated securities as new types of eligible collateral. BI-FRN is treated as high-quality collateral that is equivalent to other BI-issued securities, with 100% collateral value and 0% haircut based on its BI-Scripless Securities Settlement System (BI-SSSS) selling value. Meanwhile, BI will subsequently announce detailed requirements for the use of other high-rated securities through its official channels.

This new Bank Indonesia (BI) Regulation significantly broadens the Monetary Operations (Operasi Moneter OM) framework through the introduction of government-established financial institutions (Lembaga Jasa Keuangan LJK) that support public welfare programs as eligible securities issuers. In this regard, LJK will now operate alongside BI, the Republic of Indonesia and foreign governments. This new framework also broadens the available types of eligible securities, retaining most existing instruments while introducing BI Floating Rate Notes (BI-FRN) and LJK-issued securities, which must have a minimum remaining maturity of five business days at the time of their second leg. Additionally, this new Regulation sets BI-FRN prices at 100% of face value and applies market-based pricing to sovereign bonds that are issued by foreign governments, as well as to LJK-issued securities.

Written orders that relate to Mergers, Consolidations, Acquisitions, Integrations and/or Conversions (Penggabungan, Peleburan, Pengambilalihan, Integrasi dan/atau Konversi - P3IK) may be issued to conventional and sharia commercial banks, as well as to conventional and sharia rural banks (collectively referred to as Banks) and/or Non-Operational Holding Companies of Financial Conglomerates (Perusahaan Induk Konglomerasi Keuangan PIKK) that meet certain specific criteria. Examples of such criteria include the need to achieve an expedited resolution of an issue that is being experienced by a Bank; financial problems that may threaten business continuity; an inability to increase or maintain a Banks capital and/or liquidity at an adequate level; and so forth.