Abstract
Related to the enactment of Financial Services Authority Regulation Number 10/POJK.03/2016 concerning Fulfillment of Rural Bank Regulations and the Transformation of Village Credit Agencies that are Granted Status as Rural Credit Banks. As regulated in Article 2 paragraph (1), which stipulates that BPR provisions must be fulfilled by BKD, namely institutional, prudential principles, financial reporting and transparency, as well as the application of accounting standards for BPR. However, in reality, not all BKD practices can fulfill the requirements for transformation into BPR, this is because BKD does not have a position as a legal entity, but has a unique work system, namely management which is carried out with simple integrated time, namely operational time which is only carried out at certain times and not every day carrying out operational activities. This research uses a normative juridical method with a statutory and conceptual approach, and legal materials are analyzed using a deductive method. The results of this research are that the transition of BKD to LKM is based on OJK regulation no. 10/POJK.03/2016 relating to the fulfillment of BKD transition provisions has a significant impact on BKD. This regulation requires BKD to change its legal entity status.
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