The revision of the P2SK Law was approved by the DPR, which regulates 17 strategic points of finance.

Rupiah (Photo: between)

The Indonesian House of Representatives (DPR) has officially approved the Draft Law (RUU) amendment to Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK) to be enacted into law.

The decision was made at the 20th DPR RI Plenary Meeting of the V Session Period of 2025-2026 Session which took place on Thursday, June 4, 2026.

While leading the trial, Deputy Speaker of the House of Representatives Sufmi Dasco Ahmad asked for the approval of all council members regarding the ratification of the revision of the P2SK Law into a law.

"Can the bill on changes to Law Number 4 of 2023 concerning P2SK be approved to be enacted into law?", he said when chairing the plenary meeting.

All the factions present expressed their agreement, and the ratification of the revision of the financial sector rules was then marked by the hammer of the meeting by the meeting leader.

"Agree," said the DPR members who were present.

Before being brought to the plenary meeting, the discussion on the revision of the P2SK Law was first completed at the level of the Working Committee (Panja) and the results of the discussion were then reported in the working meeting of Commission XI of the DPR with the Minister of Finance Purbaya Yudhi Sadewa and the Minister of Law Supratman Andi Agtas.

On the same occasion, the Deputy Chairman of Commission XI of the Indonesian House of Representatives and Chairman of the P2SK Bill Panja, Mohammad Hekal, said that the revision of the policy contained 17 main material arrangements that were the main focus of the changes.

According to him, the regulated substance covers various important aspects of the financial sector, ranging from strengthening the institutional regulator, expanding banking business, regulating crypto assets, to provisions related to Danantara debt securities.

"There are 17 main materials and arrangements in the P2SK amendment bill that have been agreed upon in the committee discussion," he said.

He explained that before the substance of the revision was agreed upon, the drafting team and the synchronization team first drafted the structure of the bill consisting of two Roman articles and 105 points of change. Overall, the revision of the P2SK Law will include 145 articles.

Hekal also revealed that the Panja had discussed 1,212 inventory lists of problems (DIM) submitted by the government and the number consisted of 805 DIM body trunks and 407 DIM explanations, including a number of new issues that developed during the discussion process.

"The P2SK Bill Committee then examined and examined all DIMs and deepened the issues of topics that are dynamically developing in the bill committee discussion process," he said.

Of the total DIM discussed, 485 DIM body paragraphs and 224 DIM explanations were maintained, and there were 167 DIM editorial changes to the body and 79 DIM to the explanation section.

The committee also approved 31 DIM changes in substance on the trunk and 11 DIM in the explanation, and there were 76 additional DIM substances on the trunk and 60 DIM in the explanation, and the DIM that was deleted was recorded as 46 on the trunk and 33 on the explanation.

On the same occasion, Minister of Finance Purbaya Yudhi Sadewa expressed his appreciation for the DPR's approval of the revision of the P2SK Law, and assessed that the regulation would be an important foundation in strengthening the national financial sector.

Purbaya said the P2SK Law contains 17 main points which are directed to support national economic growth through a stable financial system, have good governance, and are able to compete internationally.

"These 17 topics are very important to encourage inclusive national economic growth as directed by President Prabowo Subianto in the Asta Cita through an internationally competitive, stable and well-governed financial sector," he said.

He added that Indonesia needs various breakthroughs in strategic sectors, including a healthy and solid financial sector, to achieve higher and sustainable economic growth.

Purbaya also said that the process of drafting the bill was carried out through intensive discussions between the government and the DPR, resulting in various improvements to strengthen the substance of the rules while adjusting them to the needs of the national financial sector.

"The financial sector reform that has been initiated by the P2SK Law needs to be accelerated to realize Indonesia's development aspirations," he said.

Based on the results of the drafting team and the synchronization team, the final draft of the P2SK bill consists of two Roman articles and 105 points of change which include revisions to nine laws in the financial sector.

The 17 main arrangements in the P2SK Law include:

1. Institutional Lembaga Penjamin Simpanan (LPS) 2. Institutional Otoritas Jasa Keuangan (OJK) 3. Institutional Bank Indonesia (BI) 4. Evaluation of LPS, OJK and BI by the DPR 5. Coverage of Expansion of Banking and Sharia Banking Business 6. Demutualization of the Stock Exchange in the Capital Market 7. Margin Transfer in Transactions in the Financial Market 8. Inter-company Debt Securities 9. Insurance Companies and Sharia Insurance in Resolution 10. Mandatory Liability Fund for Traffic Accidents 11. Mineral and Strategic Commodity Exchange 12. Crypto Assets 13. Task Force for the Prevention and Handling of Online Loans and Online Gambling 14. Indonesia International Financial Center 15. Handling of Bad Debts on MSMEs 16. Investigation and Investigation in the Financial Services Sector and Restorative Justice Mechanism 17. Bank in Rehabilitation