Wednesday, May 09, 2018

Issue Number: 3363

Technical Provisions for the Bank Indonesia - Scripless Securities Settlement System

Bank Indonesia (“BI”) recently updated its integrated system for the administration of securities via the BI - Scripless Securities Settlement System (“BI-SSSS”) through the issuance of Regulation of the Board of Governors of Bank Indonesia No. 20/4/PADG/2018 on the Organization of the Administration of Securities through the Bank Indonesia - Scripless Securities Settlement System (“Regulation 4/2018”).[1]   In essence, Regulation 4/2018 addresses the following matters relating to BI-SSSS:   Organizers; Participants; BI-SSSS operations; Fees; Mitigation of emergency situations; Exemptions involving organizers’ responsibilities; Compliance; and Administrative sanctions....
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