Regulations Across ASEAN

Covering SSM, Foreign Affairs, pembayaran, Jakarta, BPR. This episode covers critical regulatory updates including SSM enforcement actions in Malaysia, Jakarta's waste sorting mandate, LPS payments and objections for BPR depositors, and developments in insurance sector guarantees across ASEAN.

Show Notes

This episode of Carver's ASEAN Regulatory Updates explores significant regulatory developments affecting sectors such as SSM enforcement in Malaysia, payment and objection processes in Indonesia’s BPR banking sector, and Jakarta’s environmental waste management policies.

Key updates include the Indonesia Deposit Insurance Corporation (LPS) executing payments to depositors of PT BPR Koperindo Jaya and enabling objections for PT BPR Suliki Gunung Mas deposit guarantee statuses, enhancing depositor protection and transparency. In Jakarta, a new Governor Instruction mandates households to sort waste from the source starting August 2026, with Bantargebang Waste Processing Site limiting intake to residual waste only.

Additionally, Malaysia’s SSM and Bank Negara Malaysia have jointly enforced actions against company secretaries for non-compliance with AMLA reporting obligations, highlighting the importance of regulatory adherence in corporate governance. The episode also discusses LPS’s preparation to activate a comprehensive insurance policy guarantee program aimed at stabilizing and growing Indonesia’s insurance market.

For more information, visit the Carver Agents website.

Articles mentioned:
  1. Pengumuman Pembayaran PT BPR KOPERINDO JAYA (DL) Tahap 2
  2. Untuk Masa Depan Jakarta, Pemprov DKI Ajak Warga Bersama Pilah Sampah dari Rumah
  3. Joint Enforcement Action against a Company Secretary
  4. Pengumuman Keberatan PT BPR SULIKI GUNUNG MAS (DL)
  5. Bekas Setiausaha Syarikat Didenda RM50,000 Selepas Mengaku Salah Memberi Maklumat Palsu Kepada SSM
  6. MACQUARIE GROUP / LA CAISSE / MAPLE (May 4 Update)
  7. MACQUARIE GROUP / LA CAISSE / MAPLE (May 8 Update)
  8. TRAFIGURA / GM / LOS GUINDOS GENERACION
  9. Lula enacts Mercosur–European Union agreement
  10. Perkuat Kepercayaan Sektor Asuransi, LPS Persiapkan Penjaminan Polis

What is Regulations Across ASEAN?

Regulatory news, updates, and insights for countries in the ASEAN region presented by the Carver Agents team

Welcome to Carver's ASEAN Regulatory Updates for May 10, 2026.

In Indonesia, the Indonesia Deposit Insurance Corporation, known as LPS, announced on May 4th the payment to depositors of PT BPR Koperindo Jaya following the determination of deposit guarantee status. This payment execution is crucial to ensuring depositor protection and maintaining trust in Indonesia’s banking system. Depositors are advised to stay informed about payment statuses as LPS maintains transparency throughout the process.

Also in Indonesia, LPS introduced a process for depositors of PT BPR Suliki Gunung Mas to submit objections regarding deposit guarantee status determinations. Depositors have 180 calendar days from the announcement date to submit objections with clear and real evidence. Objections can be submitted via letter or through the LPS website application. Required documents include depositor identity, deposit type, account number, deposit amount, explanation of objection, supporting documents, and a signed statement.

Turning to Indonesia’s environmental regulations, the Jakarta Provincial Government has issued Governor Instruction No. 5 of 2026, mandating waste sorting and processing from the source. Starting August 1, 2026, the Bantargebang Integrated Waste Processing Site, or TPST Bantargebang, will limit acceptance to residual waste only. Households are required to sort waste into organic, inorganic, hazardous household waste, and residual waste.

In the insurance sector, LPS is preparing to activate a comprehensive insurance policy guarantee program in Indonesia. This program includes a risk minimizer mandate as proposed in the amendment of the financial sector law. It aims to protect policyholders and support the growth of the insurance industry.

In Malaysia, Bank Negara Malaysia and the Companies Commission of Malaysia jointly took enforcement action on May 4th against a company secretary who failed to submit Suspicious Transaction Reports and submitted false information. Reporting institutions are reminded to ensure strong controls and full compliance with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, or AMLA, reporting requirements.

Additionally, on the same day, a former company secretary in Malaysia pleaded guilty to offenses under the Companies Act 2016 and AMLA 2001. The individual was fined 50,000 Malaysian Ringgit, faces potential imprisonment, and had her practicing certificate revoked by the Companies Commission of Malaysia.

That wraps up today's regulatory updates. Visit carveragents.ai for more information.