For the purpose of approving or rejecting the application specified in paragraph (1), Bank Indonesia shall carry out the following:. checking the completeness and correctness of the documents; In the event that the change of shareholding specified in paragraph (1) results in the recipient of the gift or inheritance becoming a PSP, the provisions of Article 20 shall apply accordingly.
1) Bank must conduct an orderly administration of
The composition, number and other requirements for the members of the Board of Commissioners and members of the Board of Commissioners are subject to other related provisions of Bank Indonesia. In the event that the shareholders' meeting or membership meeting revokes the appointment of candidates for board members or candidates for board members approved by Bank Indonesia, the bank must notify Bank Indonesia of such revocation no later than ten (10) working days after the date of revocation , including the minutes of the shareholders' meeting or the minutes of the members' meeting.
1) Temporary replacement of Executive Officer due to
SANCTION
The legal entity status of the Bank is removed from the date of the announcement of the connection of the legal entity of the Bank in the State Gazette.
OTHERS
With the issuance of this Regulation of Bank Indonesia
Articles related to the revocation of the banking license to operate at the request of its own shareholders for a commercial bank, except for a branch of a bank headquartered abroad, as stipulated in Bank Indonesia Board of Directors Resolution No. 32/53/KEP/DIR of May 14, 1999 on the revocation of the business license, termination and liquidation of Komercialna banka; and. This regulation of Bank Indonesia shall come into force on the date of determination. For the purpose of informing the public, it is ordered that the enactment of this regulation of Bank Indonesia be published in the Official Gazette of the Republic of Indonesia.
These banking policies, which are comprehensive, transparent and contain legal certainty, among other things, relate to the regulation of ownership, management, setting up of the bank's office and network expansion, changing the business activities of the Bank and the banking legal entity , as well as the revocation of the business. license at its own request. In accordance with the applicable rules and regulations, Bank Indonesia has the duty and authority to adopt regulations, issue and revoke licenses for the incorporation and specific activities of the Bank, conduct supervision of the Bank and impose sanctions on the Bank that does not comply with prevailing banking regulations. For the implementation of its duty and authority, Bank Indonesia, among others, continues to consider the factors of the Bank's capacity, prudent banking principles, the level of fair competition, the level of saturation of the number of banks, equality in economic development national, the feasibility of the Bank's business plan, and the capacity and/or suitability of the Bank's owner, management and officers.
In this regulation, Bank Indonesia gives the freedom to the Bank's establishment, especially to expand the scope of customer service, taking into account that expanding the Bank's network will improve the service to customers. Apart from that, the expansion of the Bank's branch network generally continues to observe the saturation level of the number of banks, fairly.
Point a
One of the matters to be included in the articles of association includes ownership, among other things, that the bank's shareholders must meet the requirements as set out in the current regulation of Bank Indonesia. The corporate plan includes, among other things, the medium-term (approximately three years) and long-term (approximately five years) strategic plans of the bank within the framework of achieving the bank's goal. A complete and comprehensive guideline (manual) is included in the system and work procedure, which is used for the operational activities of the bank.
In case Bank is established by the Government, the provision regarding proof of capital payment and procedure of capital payment is provided in terms of the prevailing rules and regulations. In the case of Bank's prospective shareholders with legal format, a personal statement is prepared and submitted by the management that has the power to represent the relevant legal entity. Documents and/or statement referred to herein are among others the statement of prospective PSP, indicating the good faith and readiness to make any necessary efforts if Bank experiences capital or liquidity problems.
The documents and/or statements specified herein include statements from potential PSPs declaring good faith and willingness to make all necessary efforts if the Bank encounters capital or liquidity problems. In the event that Bank represents part ownership of a business group, the declaration is also filed by the ultimate controlling shareholders or the parties have direct or indirect control over the entire business group based on Bank Indonesia's evaluation.
Point a
For the potential shareholder of the Bank in legal form, the statement is prepared and submitted by the board of directors/management that has the authority to represent the legal entity in question. The term "other party" includes, but is not limited to, a non-bank financial institution, finance company or corporation. The meaning of the other party does not include the Central Government, Provincial Government, or other institution that is appointed by the government to rescue the Bank.
If deemed necessary to examine the completeness and accuracy of documents, Bank Indonesia may conduct an audit. Insertion of the Bank's name related to the use of the logo aims to clarify to the customers who they are dealing with. The requirement to insert the Bank's name related to the use of the logo is, among other things, in the form of promotion of the Bank's products, correspondence, signs for the Bank office.
The requirement does not include the use of a logo in the interests of corporate group identity.
Point a
Thus, in the event that the legal entity of shareholders in the Bank is owned and controlled by legal entities at the levels of a business group, the ultimate PSP is thus the person or legal entity that directly or indirectly owns the shares in the Bank and represents the ultimate control of the overall structure of the business group that controls the Bank. Ultimate Shareholders, hereinafter referred to as PSPT, is an individual or legal entity that directly or indirectly owns the shares in the Bank and represents the ultimate controller of the Bank and/or the overall structure of the business group that controls the Bank. According to this provision, the appointment of candidates for members of the board of directors or members of the board of directors must be made no later than 6 months after receiving Bank Indonesia's approval.
Disqualified list and list of bad loans is the list of bank supervision administered by Bank Indonesia. Information for the evaluation base of record can be derived from the result of supervision of Bank Indonesia or any other resources. Regulation of Bank Indonesia regarding the use of foreign workers and the transfer of knowledge program in the banking sector.
The term "change of bank status" means upgrading or downgrading the type of bank branch. On a structural basis, the hierarchy of the bank's office is from the top to the lowest according to the head office of Kanwil, KC, KCP and KPK.
Example
If deemed necessary, Bank Indonesia may conduct an inspection to verify the preparation of the relocation address and the accuracy of the documents submitted. If deemed necessary, Bank Indonesia may conduct an inspection to verify the preparation of the office separation and the accuracy of the submitted documents. Bank Indonesia's approval includes the approval of the separation of offices and the issuance of permits for the new establishment of KC.
The term "provision herein or any other provision of Bank Indonesia" is, among others, Article 21, Article 22, Article 24, Article 57, Article 60, Article 61 of this Article or the provision specifying the merger, consolidation and acquisition of business . Bank. Obligations to the customer and the other party may be settled, among other things, by transferring all the obligations to the Bank or the other party with the approval of the customer or the other party. The evidence of settlement of the obligations to the client is in the form of the balance sheet of the DK, which shows that all the obligations of the DK to the client and the other party have been settled.
Obligations to clients and other persons can be settled, among other things, by transferring the entire obligation to the bank or other persons. Obligations to customers and other persons can be settled, among other things, by transferring the entire obligation to a bank or another person with the consent of the customers or other persons.
Point a
Point a
Settlement of the Bank's liabilities includes the provision of cash for escrow with Commercial Bank in Indonesia for settlement of taxes payable and uncollected customer funds. For the purpose of approval for the revocation of the business license, Bank Indonesia shall observe the audit result in the relevant Bank to ensure its compliance with the requirements specified in Article 76. The report is declared as received by Bank Indonesia if submitted in full with data, information and/or documents required in accordance with the type of report.
The date of receipt of the report by Bank Indonesia is the date on the time stamp, if the report is submitted by P.T. Receiving the report at Bank Indonesia Office, if the report is delivered directly by the Bank or sent through a delivery service company other than P.T. The bank imposed a sanction for not submitting the report is not subject to the sanction for delay in submitting the report.
Pursuant to this paragraph, the instructions and operational documents of the Bank may be written in more than one (1) language, one of which is the Indonesian language. The term "this provision or any other provision of Bank Indonesia" is, among others, Article 21, Article 22, Article 24, Article 60 and Article 75 of this Article or the provision specifying the merger, consolidation and acquisition of Commercial Bank.
