Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK Law)
This Law serves as a comprehensive legal framework aimed at reforming Indonesia's financial sector. Utilizing an omnibus approach, it harmonizes and aligns various regulations that were previously scattered across numerous laws. The objective is to create a financial sector that is more optimal, resilient, and sustainable.
Download P2SK Law Document
Updated at 09 October 2026
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BAB I
General Provisions
Provides explanations regarding the definitions and meanings of key terms used in the Law on the Development and Strengthening of the Financial Sector, such as Financial System, OJK, Bank Indonesia, LPS, financial services institutions, and other related terms.
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BAB II
Principles, Intent, Objectives, and Scope
Explaining the principles underpinning the implementation of the P2SK Law, the intent and objectives of developing and strengthening the financial sector, and the scope of the sectors and activities regulated.
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BAB III
Institutional
Regulating the institutional strengthening and authority of financial sector bodies—including Bank Indonesia, the Financial Services Authority (OJK), and the Indonesia Deposit Insurance Corporation (LPS)—in carrying out their functions of regulation, supervision, and maintaining financial system stability.