In order to become a partner of the Minister so as to realize the implementation of this fund-placement policy, commercial banks are required to meet the following criteria: 1) Must hold valid business licenses for operations as commercial banks; 2) Must conduct business within Indonesian territory, while the majority of the relevant shareholders must be Indonesian individuals, legal entities or regional governments; 3) Must have soundness levels of composite 3, as verified by the Financial Services Authority; and 4) Must implement banking activities that support the acceleration of national economic recovery

A debtor is eligible to obtain a subsidy provided that they meet the following criteria: 1) Must have had a credit/financing debit balance (baki debet) as of 29 February 2020; 2) Must not be listed on the National Blacklist; 3) Must be in the current-performing-loan category (collectability 1 or 2) as of 29 February 2020; 4) Must have a tax-identification number or be in the process of securing one; 5) Must have been approved for debt restructuring (if the cumulative credit/financing plafond is more than IDR 500 million and up to IDR 10 billion); and 6) Must meet criteria determined by the Ministry of Cooperatives and Small- and Medium-Scale Enterprises (if the debtor obtains any credit/financing from cooperatives)

In an effort to provide better protection to consumers and members of the general public in financial services sector, OJK introduces several services which may be utilized by consumers, as well as by members of the public, including: 1) Information retrieval and submission services; 2) Dispute-based complaints services; 3) Violation-based complaints services; and 4) The integrated consumer service system.

BI will grant incentives to any banks which provide funding in the following forms for certain economic activities aimed at mitigating the effects of the ongoing coronavirus pandemic: 1) Credit/financing for exports; 2) Credit/financing for productive imports; 3) L/C; 4) Credit/financing for UMKM; and 5) Other types of credit/financing, as determined by BI. Incentives will be granted for certain periods, as specified under this regulation.

The threshold for material transaction value of a publicly-traded company with negative equity is set at 10% of its equity or more, and said company is required to obtain prior approval through a general meeting of shareholders if it aims to undergo a material transaction worth more than 25% of the relevant equity.

Banks may support economic growth stimulus for debtors, including debtors which are classified as micro-, small-, and medium-scale businesses, by implementing asset quality determination policy and credit or financing restructuring policy until 31 March 2021.

The Supreme Court has now clarified that: 1) Receivers (kurator) may act for and on behalf of bankrupt debtors in order to submit petitions to the commercial court regarding bankruptcy petitions against third parties; and 2) The types of creditors that may register petitions for the suspension of debt payment obligations have now been limited to concurrent creditors.

Credit or financing periods now depend on the agreement of the relevant executing banks and the low-income citizens in question, without any 20-year limitation applying, as set under the previous framework.

Any selection processes that were initiated prior to the new regulation coming into force will proceed in accordance with the provisions set out under the previous regulation.

Due to the transfer of the supervisory and regulatory authorities over banking activities from BI to OJK, the OJK is now expected to encourage more parties to develop their management of credit information