Govt. Issues New Provisions on Primary SUN Dealers

In order to support the issuance of Government Bonds (Surat Utang Negara“ SUN ”) through the primary market, as well as to develop a secondary SUN market and expand the investor base, the Minister of Finance (“ Minister ”) has issued Regulation No. 168/PMK.08/2021 (“ Regulation 168/2021 ”), which simultaneously repeals and replaces the previous legal framework that dealt with primary dealers, specifically Regulation of the Minister No. 134/PMK.08/2013 , which has been amended several times, most recently through the issuance of Regulation No. 234/PMK.08/2016 (together referred to as “ Regulation 134/2013 ”). [1]