Conduit Financing
Aktivitas Pembiayaan Conduit
🏦 Section K — Financial & Insurance Activities
In Bali: a PT PMA cannot register this code
National procedure — does not apply to a PT PMA in Bali
In Bali this activity is blocked for a PT PMA under the 13 May 2026 moratorium. The national procedure below applies only to non-PMA operators.
Conduit Financing: Open Nationally, Closed to PMA in Bali
A group funding vehicle may be nationally open to full foreign ownership, yet the Bali PMA route is closed by the province’s permanent moratorium.
A national 100% ownership ceiling is not, in itself, permission to register the activity as PMA in Bali.
KBLI 2020→2025 mapping: matched with aggregation.
What You Need
Who This Is For
A foreign entrepreneur looking to set up an intra-group financing arm for a multinational, but currently this structure is only feasible outside of Bali.
Regulatory Divergence
The licensing previously shown for 64220 was removed because its source could not be verified as applying to this activity. Here is what the sources actually say — with citations.
Correction note — verbatim, with source locators
KBLI 2025 code 64220 'Aktivitas Pembiayaan Conduit' (conduit financing activities — units formed by financial or non-financial groups to raise/borrow funds, mostly on open markets, and channel them to a parent or other group entity) carries canonical status_mapping='MATCH_CON_AGGREGAZIONE', kbli_2020_source='64200', pp28_sources=['64200'], mapping_note "Cleaned: removed invalid ['64220']". Both the D1 and D5 seats returned NO CATEGORY for this code (Lot 3 gate report §3.4): the D2 self-confirmation path could not ground the cited pointer (64200), so neither seat could commit to a specific defect class. The runner applied its #2731 retro-demote rule to quarantine the code as unresolvable_source_pointer rather than leave it uncategorized — the same rule Lot 2's chain-of-custody handling of 49233 treated as semantically equivalent to source_absent_in_vault, but here filed under its own distinct, closed-registry category label (m3: 5 categories seen, all in the closed-7 v2 registry). No independently-verified replacement parent was established — per rule #9, this cure does NOT correct status_mapping or kbli_2020_source for 64220; it remains a detach-only cure with an honest data_note. per_skala detached; the licensing regime for conduit financing is not retrievable from the pinned sources as hunted. Lot 3 conductor gate (second signing), run wf_c00a9ec4-c61, 2026-07-19.
The detached licensing rows (source unverified for this activity)1 row
These rows were previously shown on this page and have been detached — the correction note above documents, with source locators, why their source could not be kept for the activity this page describes. They are preserved here as the audit trail of the divergence.
Sources & Verification
Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.
Title and scope as defined by the KBLI-2025 classification.
locator: OSS_RBA_2025_id_version_fff4053d
The previously-served rows were removed because their source could not be verified as applying to this activity. See Regulatory Divergence above for the documented correction note.
The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.
Conservative posture derived from the risk tier · confidence LOW.
Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.
Can foreigners operate a conduit financing business in Indonesia?
What license is required for KBLI 64220?
What is KBLI 64220?
How did KBLI 64220 change from KBLI 2020 to 2025?
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