Bank Indonesia has enacted new Regulations,* which amend the previous law by introducing significant new reporting requirements for parties undertaking foreign exchange offshore loans and/or risk participation transactions. Bank Indonesia has introduced a new online reporting site to support the increased reporting requirements.
Under the new Regulations, participants must report significant details of these planned transactions including the parties, sums involved, payment plans, interest, any non-payment, amendments to the transactions, among other details. Parties must also upload supporting documentation.
The New Regulations will come into effect on 1 July 2022.

*Regulation of the Board of Governors of Bank Indonesia No. 23/28/PADG/2021 concerning the Amendment to Regulation of the Board of Governors of Bank Indonesia No. 21/4/PADG/2019 concerning the Report of Foreign Exchange Activities in the Forms of Offshore Loans and Risk Participation Transactions.