Law on Financial Sector Development and Strengthening
| UU Pengembangan dan Penguatan Sektor Keuangan | |
|---|---|
| People's Representative Council | |
| |
| Citation | Law No. 4/2023 |
| Territorial extent | Indonesia |
| Passed by | People's Representative Council |
| Passed | 15 December 2022 |
| Commenced | 12 January 2023 |
| Legislative history | |
| Bill title | RUU Pengembangan dan Penguatan Sektor Keuangan} (Bill on Financial Sector Development and Strengthening) |
| Status: In force | |
The Law on Financial Sector Development and Strengthening is an omnibus law formulated by the Joko Widodo administration aimed to develop and strengthen the Indonesian financial sector. The law was passed by the People's Representative Council on 15 December 2022.
Unlike the previous omnibus laws passed by the Joko Widodo administration such as Omnibus Law on Job Creation, Law on State Capital, and 2023 Indonesian Criminal Code, this law is the first omnibus law made under mechanisms prescribed in 2022 Law on Law Formulation.
When the law passed, Indonesia underwent a national economy transition for the next 5 years.