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KBLI Navigator/Section K/66197
KBLI 66197

Money & Forex Market Support Services

Aktivitas Pendukung di Pasar Uang dan Pasar Valuta Asing

🏦 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.

✅Open· 100% nat'l · blocked in BaliRenumbered🏝️🚫Closed in Bali (2026 moratorium)· needs review· low conf.❓Not classifiable — divergence documented

Money-Market and FX Support: Nationally Open, Closed to PMA in Bali

This intermediary market activity is open nationally to full foreign ownership, yet a permanent Bali PMA moratorium blocks registration at a Bali address.

By the numbers
National foreign-ownership ceiling
100%
Open scales
Mikro, Kecil, Menengah, Besar
PMA source
Perpres 10/2021, 49/2021
Bali status
Closed (Bali moratorium)
National openness does not create a PMA registration route at a Bali address for this activity.
What Changed

KBLI 2020→2025 mapping: code renumbered.

What You Need

This code covers money-market and foreign-exchange market support activity. The licensing rows shown here earlier were in fact an unrelated cooperative-sector rating-agency licensing regime, so the entire block has been removed from this page; the correct licensing for this code is not yet reliably defined in our verified sources. Before registering or investing, confirm the current requirements with the Bali Zero team. **Risk tier under review.** The licensing rows this code's risk tier was read from have since been set aside as unverifiable for KBLI 2025, so we cannot currently re-derive it. Where this page states a risk tier or a scale-based requirement, treat it as provisional pending re-derivation, and verify the current classification at oss.go.id before acting on it.

Who This Is For

Foreign entrepreneurs who want to run an independent money market or forex intermediation service, but they must either wait for the moratorium to be lifted or use a domestic (non-PMA) structure to operate in Bali now.

2020 → 2025
Previous codes (KBLI 2020): 66139— PP28 uses KBLI 2020 code 66139 (Penyelenggara Infrastruktur Pa...). Match: 80%

Regulatory Divergence

The licensing previously shown for 66197 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 66197 'Aktivitas Pendukung di Pasar Uang dan Pasar Valuta Asing' (money-market and foreign-exchange market support activity) carries canonical status_mapping='CODICE_RINUMERATO', kbli_2020_source='66139', pp28_sources=['66139'], mapping_note 'PP28 usa codice KBLI 2020 66139 (Penyelenggara Infrastruktur Pa...). Match: 80%' — this crosswalk citation is NOT disputed by this cure (the report's seat-agreement note, §3, records 66197 as one of two 'category_mismatch' concordant tuples — both extracting seats independently flagged a problem on this code but under different category labels; the runner's deterministic precedence rule assigns the final category from D5, payload_cross_contamination). The served per_skala row is verified this session, by direct read (json-dump byte-comparison) of the canonical payload, to be IDENTICAL to the cooperative-rating licensing block documented for 66192/66211/66224/66292/66299/66309 in this same lot — a licensing regime for agencies that rate cooperatives (report §6 traces this block's root to PP28's own 2020-vintage 66292 row, whose true 2025 home is 66198), topically unconnected to money-market/forex support activity. Per the detach-all rule (same convention as Lot 1-4), the entire per_skala array is detached; the crosswalk metadata (status_mapping/pp28_sources) is left UNCHANGED (rule #9 — the defect adjudicated is the served payload, not an alternate crosswalk narrative). per_skala detached; the licensing regime for money-market/forex market support is not retrievable from the pinned sources as hunted. Lot 5 conductor gate (SIGNED), run wf_0f7438f4-a41, 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.

Mikro, Kecil, Menengah, BesarMedium-Low RiskNIB dan Sertifikat StandarAuthority: Menteri/ Kepala Badan
BPS Peraturan 7/2025 (KBLI 2025 classification)PP 28/2025 (risk-based licensing annexes)OSS RBA ruang-lingkup — no KBLI-2025 scope retrievable via the OSS API (404)

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.

Activity definition
BPS Peraturan 7/2025 + PP 28/2025VerifiedKBLI 2025

Title and scope as defined by the KBLI-2025 classification.

locator: OSS_RBA_2025_id_version_fff4053d

Risk & licensing
Detached — source could not be verifiedDeclared gap—

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.

Foreign ownership (PMA)
Perpres 10/2021, 49/2021Audit pendingKBLI 2020

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.

Bali status
Bali province blocks ALL Low + Medium-Low risk KBLI for PMA (island-wide, permanent) (effective 2026-05-13)Audit pending2026 overlay

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.

Common Questions
Can foreigners operate a money & forex market support services business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 66197 (Aktivitas Pendukung di Pasar Uang dan Pasar Valuta Asing) is TERBUKA (100% foreign ownership) at the national level, but in Bali it is blocked for a PT PMA under the 13 May 2026 moratorium. [derivation under review] Nationally TERBUKA but the Besar scale is 'Menengah Rendah' -> blocked by the Bali PMA moratorium (Gov. letter B.27.000/642, 13 May 2026: all Rendah/Menengah Rendah blocked for a Bali address). [NB-3 28 June 2026] — NOTE: the licensing rows this verdict's risk tier was read from have since been set aside as unverifiable for KBLI 2025, so the verdict cannot currently be re-derived; verdict pending re-derivation from the true risk tier (GARUDA-FILIERA). Outside Bali it is open to a PT PMA with no local partner required. (Source: Perpres 10/2021 as amended by Perpres 49/2021 — the investment-list annexes predate KBLI 2025; per-code crosswalk audit in progress.)
What license is required for KBLI 66197?
We cannot yet show a verified licensing basis for KBLI 66197: the licensing previously associated with this code was removed because its source could not be verified as applying to this activity. See the Regulatory Divergence section on this page for the documented sources, and verify the current OSS treatment before relying on any licensing assumption.
What is KBLI 66197?
KBLI 66197 is the Indonesian business classification code for "Aktivitas Pendukung di Pasar Uang dan Pasar Valuta Asing" (Money & Forex Market Support Services). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.
How did KBLI 66197 change from KBLI 2020 to 2025?
KBLI 66197 was mapped from previous code 66139 (KBLI 2020). PP28 uses KBLI 2020 code 66139 (Penyelenggara Infrastruktur Pa...). Match: 80% The code was renumbered but the business activity scope is essentially unchanged. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

66198Section K

MSME & Cooperative Rating

Pemeringkatan Usaha Mikro, Kecil, Menengah, dan Koperasi

→
🏝️⚠️Conditional in Bali — depends on declared scope✅Open· 100% ForeignHigh Risk
66196Section K

Securities Underwriting

Penjaminan Emisi Efek (underwriter)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66199Section K★

Other Non-Insurance Financial Support Services

Aktivitas Penunjang Jasa Keuangan Lainnya Ytdl, Kecuali Asuransi dan Dana Pensiun

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66195Section K

Investor Protection Fund

Penyelenggaraan Dana Perlindungan Pemodal

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66194Section K

Securities Price Valuation

Penilaian Harga Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66193Section K

Securities Rating

Pemeringkatan Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
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