Institution
PT Sarana Multigriya Finansial (Persero) - Indonesia
| 1 | Founding Instrument(s) (with links if possible) |
PT Sarana Multigriya Finansial (Persero) was established pursuant to Government Regulation of the Republic of Indonesia No. 5 of 2005 on the State Capital Injection of the Republic of Indonesia for the Establishment of a Limited Liability Company (Persero) in the Secondary Housing Finance Sector, as amended by Government Regulation No. 57 of 2020 on the Second Amendment to Government Regulation No. 5 of 2005 on the State Capital Injection of the Republic of Indonesia for the Establishment of a Limited Liability Company (Persero) in the Secondary Housing Finance Sector |
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| 2 | Any additional or subsequent mandate or governance statements (not included in the above). |
The conduct of PT Sarana Multigriya Finansial (Persero)’s business activities is governed by: 1. Presidential Regulation No. 19 of 2005 on Secondary Housing Finance, as last amended by Presidential Regulation No. 100 of 2020 on the Third Amendment to Presidential Regulation No. 19 of 2005 on Secondary Housing Finance. 2. Financial Services Authority Regulation (POJK) No. 4/POJK.05/2018 on Secondary Housing Finance Companies, as last amended by Financial Services Authority Regulation (POJK) No. 12/POJK.05/2022 on the Amendment to Financial Services Authority Regulation (POJK) No. 4/POJK.05/2018 on Secondary Housing Finance Companies |
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| 3 | Ownership | PT Sarana Multigriya Finansial (Persero) is 100% owned by the Government of the Republic of Indonesia, represented by the Ministry of Finance of the Republic of Indonesia. | |
| 4 | Legal status |
PT Sarana Multigriya Finansial (Persero) is a State Owned Enterprise as a Non-Bank Financial Institution. |
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| 5 | Government accounting for stake |
The Government of Indonesia records its equity as a permanent investment using the equity method, in accordance with Law No. 17 of 2003 on State Finance and the Government Accounting Standards (Standar Akuntansi Pemerintahan – SAP) as applied in the Central Government Financial Statements (Laporan Keuangan Pemerintah Pusat – LKPP) |
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| 6 | Member bank accounting for stake | N/A | |
| 7 | Government guarantee | N/A | |
| 8 | Other Comments | None |
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