Indonesia's DPR Passes P2SK Amendment Covering 17 Financial Areas
Updated
Updated · VOI English · Jun 4
Indonesia's DPR Passes P2SK Amendment Covering 17 Financial Areas
1 articles · Updated · VOI English · Jun 4
Summary
Indonesia's parliament approved an amendment to the 2023 P2SK financial-sector law at a June 4 plenary session, clearing the bill to take effect after unanimous backing from factions present.
The revision spans 17 priority areas, including oversight of LPS, OJK and Bank Indonesia, broader banking and sharia business, crypto assets, inter-company debt securities and bad-debt handling for MSMEs.
Mohammad Hekal said the final draft contains 2 Roman articles, 105 points of change and 145 articles overall, after lawmakers and the government reviewed 1,212 problem-list items during committee talks.
The amendment also revises 9 financial-sector laws, adds provisions such as an online loan and online gambling task force and rules on Danantara-linked debt securities, showing a wider push to tighten sector governance.
Finance Minister Purbaya Yudhi Sadewa said the 17-point package is meant to accelerate financial reform and support faster, more inclusive growth through a stable, well-governed and internationally competitive system.
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Indonesia’s P2SK Law 2026: Comprehensive Financial Sector Reform, Expanded OJK Powers, and New Regulatory Era
Overview
On June 4, 2026, Indonesia's House of Representatives approved the P2SK Amendment, marking a major step in modernizing the country's financial sector. This comprehensive law overhauls and harmonizes regulations across 17 key areas, aiming to strengthen stability, efficiency, and accessibility in financial services. Acting as a financial omnibus law, the P2SK Amendment is designed to support inclusive national economic growth and sets the stage for significant reforms. By updating outdated rules and expanding oversight, it creates a stronger foundation for Indonesia’s evolving financial landscape.