The Ministry of Finance (Kemenkeu) is preparing a new legal framework for two important instruments introduced in Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK): the Special Purpose Vehicle (SPV) and the Trust Fund Manager or Trustee.
The preparation of regulations is carried out through the Draft Government Regulation (RPP) concerning Financial Instrument Management Agencies (SPV) and Trust Fund Managers (Trustees).
"The P2SK Law provides a clear mandate for the government to strengthen the legal framework for financial instruments, including through the regulation of SPVs and Trustees, so that financial market deepening can be carried out in a targeted and measurable manner," said Masyita Crystallin, Director General of Financial Sector Stability and Development (SPSK) at the Ministry of Finance, in a statement.
It is known that SPV is a special body formed to securitize assets, thereby expanding financing alternatives and increasing efficiency in the financial market.
With the SPV legal framework, the financing structure is expected to be more focused and clear so that Indonesian financial instruments can become more attractive to both domestic and foreign investors.
"Through the SPV arrangement, we want to ensure that asset securitization activities and the use of financial instruments are conducted within a clear, transparent, and credible legal framework, thereby increasing investor interest in the Indonesian financial market," he explained.
