Train or Face Sanctions: January 2026 Deadline Looms for ETP Providers to Allocate 3.5% of Previous Years Payroll to HR Training

In an effort to develop a modern and advanced money and/or foreign exchange market (Pasar Uang dan/atau Pasar Valuta Asing– “ PUVA ”) and following the introduction of Regulation of Bank Indonesia (“ BI ”) No. 6 of 2024 , which is the current umbrella framework for the organization of PUVA, BI has now decided to introduce a set of applicable prerequisites and requirements, which should be observed by all non-BI parties that organize and facilitate PUVA transactions (“ Organizers ”) [1] through the issuance of Regulation of the BI Board of Governors No. 13 of 2025 (“ Regulation 13/2025 ”), which has been in force since 10 June 2025. [2]