Bank Indonesia Issues a New Regulation on the Reporting of Foreign Exchange Flow Activities
Bank Indonesia (“BI”) recently issued Regulation No. 21/2/PBI/2019 on the Reporting of Foreign Exchange Flow Activities (Kegiatan Lalu Lintas Devisa) (“Reg. 21/2”) on 7 January 2019, which comes into effect on 1 March 2019.
Reg. 21/2 partially revokes BI Regulation No. 16/22/PBI/2014 on the Reporting of Foreign Exchange Flow Activities and the Reporting of the Application of the Prudential Principle in the Management of Non-Bank Entities’ Foreign Debts (“Reg. 16/22”), replacing all the provisions of Reg. 16/22 on the reporting of foreign exchange flow activities. Therefore, when Reg. 21/2 comes into effect in March 2019, Reg. 16/22 will only cover reporting on the application of the prudential principle (kegiatan prinsip kehati-hatian – KPPK).
Download our latest advisory below.
NEXT ARTICLES
Indonesia’s Competition Authority Takes SME Partnership Supervision to a New Level
The year 2022 marks a historic era for Indonesia’s Business Competition Authority (“KPPU”) as it is the year KPPU ruling on Partnerships involving Small Medium Enterprises (“SME”)’s passed.
Download read more
The Indonesian Government’s Relaxation for Foreigners Entering Indonesia
On 29 September 2020, aiming to relax the temporary ban and limitation on foreigners entering Indonesia due to the Covid-19 pandemic
Download read more
The Implementation of the Presidential Regulation on Renewable Energy: The Beginning of the Transition from Coal Fired Power Plants to Renewable Energy Power Plants
President Joko Widodo has just issued Presidential Regulation No. 112 of 2022 on the Acceleration of Renewable Energy Development for the Supply of Power which came into effect on 13 September 2022.
Download read more
The New Amendment to the KPK Law: Newly Passed Bill
On 17 October 2019, the government officially enacted Law No. 19 of 2019 on the Second Amendment to Law No. 30 of 2019 on The Corruption Eradication Commission (“Law 19/2019”) which came into effect on the same date.
Download read more