P2SK Bill Nearing Completion: Here's the Latest Update
Jakarta, CNBC Indonesia - Commission XI of the Indonesian House of Representatives (DPR RI) once again held a closed meeting with the government to discuss the continuation of drafting the Financial Sector Development and Strengthening Bill (RUU P2SK) on Thursday afternoon (2/3/2026).
Secretary General of the Ministry of Finance Robert Marbun explained that in this second meeting, the discussion focused on grouping issues to speed up the resolution process.
“Actually, from several points, some are just left to be formulated, then clustered again so that the discussion can be faster,” said Robert when met after the meeting at the DPR RI on Thursday (2/4/2026).
In terms of substance, Robert explained that the majority of the material in the bill has been agreed upon by both parties. Now, the government and DPR only need to resolve several differences.
“We just need to continue what differences remain. But the differences are basically not too far,” he said.
“Maybe two (meetings), but basically the big parts are already done,” he emphasised.
On the other hand, Financial Sector Development Expert to the Minister of Finance Herman Saheruddin explained that the total List of Problem Inventories (DIM) submitted amounted to 1,123. Of these, 751 are main points or explanations.
He explained that the scope of the bill’s discussion is very broad. Ranging from non-bank financial industries (IKNB) to the banking sector.
“The P2SK Bill has so many clauses previously as an omnibus, so perhaps there are parts that, after being reviewed again and with developments over the past few months, are very dynamic,” said Herman when met at the DPR RI building on Thursday (2/4/2026).
Herman highlighted global dynamics that are also considered in strengthening this policy. From trade war tensions to geopolitical conflicts.
“So that the financial sector market and its financial markets can be stronger, more transparent, and stable,” he emphasised.
As is known, on Tuesday (31/3/2026), the government had just submitted the DIM. In February 2026, the Government and DPR had actually begun holding formal meetings to discuss the revision of Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector (UU P2SK), which was approved as a DPR initiative proposal in a plenary session in October 2025.
However, the initial discussion that began between government representatives, consisting of the Minister of Finance, Minister of PANRB, Minister of State Secretary, and Minister of Law with Commission XI of the DPR, was only related to the mechanism of the discussion stages, and had not yet reached the substance of the bill.
“In accordance with Presidential Letter of the Republic of Indonesia Number R72/Pres/11/2025 dated 27 November 2025, the president has assigned the minister of finance along with the Minister of PANRB, Minister of State Secretary, and Minister of Law to represent the government in the discussion of the bill on amendments to the UU P2SK,” said Minister of Finance Purbaya Yudhi Sadewa when starting the discussion meeting with Commission XI of the DPR, Jakarta, Wednesday (4/2/2026).
In this meeting, Purbaya emphasised that the government would submit the list of problem inventories (DIM) from the bill amending UU P2SK to the DPR through Commission XI. Furthermore, the government is ready to conduct detailed discussions in the working committee meeting led by Deputy Chairman of Commission XI Mohamad Hekal from the Gerindra Faction.
“The government submits the DIM of the bill amending UU P2SK to the DPR. Furthermore, the government is ready to carry out discussions with the DPR in accordance with the applicable stages of legislation drafting,” he explained.