In a bid to provide an adequate legal framework for the settlement of cases involving the sharia economy in Indonesia, the Supreme Court has issued Regulation No. 14 of 2016, which basically sets out procedures relating to the filing of claims, the processing of such claims and, ultimately, the settling of disputes which arise as a result of economic activity based on the sharia principle. Two main procedures are covered by the regulation, namely the small-claims procedure and the regular-claims procedure.

Bank Indonesia (BI) has issued Regulation No. 18/20/PBI/2016 on Non-Bank Foreign Currency Businesses in a bid to realize healthier and more efficient foreign-currency exchange activities, as undertaken by non-bank businesses. This objective has been implemented through the revision of a number of the provisions which were originally set out under the previous BI Regulation No. 16/15/PBI/2014 framework, including money-changer activities and licensing procedures. Moreover, the new regulation also adds a number of new provisions, including the requirement for money changers to possess bank accounts and provisionS which regulate trading in foreign-currency banknotes by non-money changers.

In order to einsure a good decent accessibility for public in terms of to financial services for the general public, the Presidential Regulation on the National Strategy for Financial InclusivityInclusion has just been issued by the government has issued a the Presidential Regulation on the National Strategy of for Financial InclusiveInclusivity. This regulation aims is aimed to at realizinge the government?s target to achieve of ensuring that at least 75% of the country?s total adult citizens population has in having access on to financial services by 2019. HopefullyThe hope is that , the ministries, government institutions and , as well as regional governments will have the all abide by the same standards to when seeking to improve financial-service enhance accessibility of financial service whenever undertake public servicefor the general public, based on their respective each authorityauthorities. This regulation also mandates to establish for the establishment of a National Board of Financial Inclusive inclusivityInclusion, which will be in charge on of implementing implementation of this regulation.

The Bill sets out the legal basis upon which financial-sector authorities can coordinate and implement certain measures in order to prevent and overcome national financial crisis.

the government has set out the various procedures and requirements through which public and private institutions covering lawyers, notaries, public-accountants associations, the Indonesian Central Securities Depository, and Securities Underwriting Clearing Indonesia, can submit several different types of information or data to the Indonesian Financial Transaction and Analysis Centre (Pusat Pelaporan dan Analisis Transaksi Keuangan??PPATK?).

On 17 December 2015, the House of Representatives (House) passed the Bill on Guarantees (?Bill?). This Bill aims to provide a legal framework for guarantee business model that bridges the micro, small, medium enterprises and cooperatives (UMKMK) in obtaining loans from banks, despite of their non-bankable characteristic.

The Draft Bill aims to ensure the stability of the national financial system by stipulating the steps that need to be taken in order to accurately monitor and troubleshoot turbulence and problems as they arise.

The Amendment aims to improve effectiveness as regards the implementation of the Regulation, which basically mandates the use of letters of credit (?L/C?) as payment instruments as they relate to the export of certain minerals and energy products. With this end in mind, the Amendment updates the types of products that are subject to the mandatory use of L/C.

The Financial Services Authority (OJK) has issued Regulation No. 10/POJK.03/2015 on the Issuance of Deposit Certificates by Banks (?Regulation?) in a bid to increase the transaction volume for deposit certificates. The Regulation sets guidelines for the issuance of deposit certificates so that they comply with principles of prudentiality and risk management, as well as with Sharia regulations.

The Regulation specifies those who are obligated (informants) to report any suspicious financial transactions to the Indonesian Financial Transaction Reports and Analysis Center (Pusat Pelaporan dan Analisis Transaksi Keuangan ? PPATK).