Oct 18, 2013 Buku-Buku Panduan: No. 1 - Panduan Pentadbiran No. 2 - Peraturan Kewangan No. 3 - Peraturan Pasukan Subsidiari No. 4 - Panduan Perkhidmatan No. 5 - Peraturan Pakaian Seragam BSMM No. 6 - Peraturan Penggunaan Lambang No. 7 - Peraturan-peratruan Kursus, Peperiksaan dan Persijilan BSMM No. 8 - Peraturan Reaksi Kecemasan dan Bencana iii.
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Bank Indonesia (' BI'), the Indonesian central bank, has now published its long awaited Business Activities and Office Network Regulation (' BAON Regulation'). This Regulation is often dubbed the 'Multiple Licence' regulation in the press. The BAON Regulation – together with the recent 2012 BI Regulation on Ownership of Shares in General Banks (' Bank Ownership Regulation') and the 2012 BI Regulation on Single Presence Policy (' New SPP Regulation') – constitutes a significant overhaul of the regulatory landscape for banks in Indonesia and has helped reduce to an extent, but not completely, the regulatory uncertainty which has recently inhibited bank M&A transactions. It is expected that, as these Regulations become better understood, they will provide greater clarity to facilitate further M&A transactions in the banking sector in Indonesia, although the spectre of a possible new Banking Law, currently being considered by the Indonesian Parliament, may still undermine this. It is too early to determine how the draft Banking Law will end up but recent press reports suggest that the current draft contains a requirement that no investor can have a controlling share in more than one bank, which may contradict the New SPP Regulation which allows an investor to control two or more banks as long as it forms a holding company to oversee the two banks.
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