BI Further Regulates Regulatory-Sandbox Provisions for Fintech Organizers

Member of the Board of Governors of Bank Indonesia has issued Regulation No. 19/14/PADG/2017 on the Regulatory Sandbox for Financial Technologies (“ PADG 19/2017 ”), which addresses technical provisions which relate to the organization of a regulatory sandbox approach (“ Regulatory Sandbox ”) for Financial Technology (“ Fintech ”),as regulated under Bank Indonesia (“ BI ”) Regulation No. 19/12/PBI/2017 on the Organization of Financial Technologies (“ Regulation 19/2017 ”). [1] Technical provisions for the Regulatory Sandbox will be elaborated upon in the following sections: