List Of Tasks And Roles Of The BUMN Regulatory Agency

Photo: Special

JAKARTA - The government has officially formed a State-Owned Enterprises Regulatory Agency (BP) (BUMN) as a new institution to replace the Ministry of SOEs.

The formation of the new agency is in line with the ratification of the Draft Law (RUU) concerning the fourth amendment to Law Number 19 of 2003 concerning SOEs in a plenary meeting of the DPR RI on 2 October.

On October 8, President Prabowo Subianto also appointed Dony Oskaria as Head of BP BUMN, as well as Tedi Bharata and Aminuddin Ma'ruf as deputy heads.

So what are BP BUMN's roles and duties?

Reporting from the latest Law document, article 1 paragraph 21 explains that BP BUMN is a government institution that carries out government duties in the field of SOE regulation.

In this latest regulation, it is also explained that the Head of BUMN is the representative of the central government as the regulator in charge of determining policies to supervising the implementation of BUMN management.

"The Head of BP BUMN as the representative of the Central Government as the regulator is tasked with determining policies, regulating, fostering, coordinating, and supervising the implementation of BUMN management policies," read article 3B, quoted on Sunday, October 12.

Menurut pasal 3C perubahan keempat UU BUMN yang telah disahkan DPR melalui rapat paripurna 2 Oktober, ada 15 tugas yang harus dijalankan kepala BP BUMN selaku wakil Pemerintah Pusat dengan persetujuan Presiden.

According to Article 3C of the fourth amendment to the BUMN Law which has been ratified by the DPR through a plenary meeting on October 2, there are 15 tasks that must be carried out by the head of BP BUMN as the representative of the Central Government with the approval of the President.

Details:

a. establish the general policy direction of BUMN;

b. establish a SOE governance policy;

c. establish the SOE roadmap and convey it to the tool

the completeness of the DPR RI in charge of SOEs;

d. arrange and assign assignments to SOEs;

e. regulating the procedures and main content of the main performance indicator;

f. establish the criteria for removing books and removing collections for BUMN assets;

g. form a BUMN;

h. Approving the SOE Restructuring including Merger, Merger,

Takeover, and Separation proposed by the Agency;

i. ratify and consult the DPR RI equipment

in charge of SOEs on the company's work plan and budget

Investment Holding and Operational Holding;

j. conduct an examination of BUMN;

k. propose a Privatization plan to the Privatization Committee;

l. approve of the Agency's work plan;

m. optimize the role of SOEs as agents of economic development and

social is in line with national development priorities;

n. carry out supervision of BUMN compliance with governance policies

management, performance indicators, and government assignments; and

o. carry out other powers set by the President.