The microprudential supervisory of Bank is transferred to Financial Services Authority
from Bank Indonesia based on Article 34 of Law Number 3 of 2004 concerning the
Amendment to Act Number 23 of 1999 concerning Bank Indonesia. On 31 August 2020,
a Legislative Body Meeting was held to discuss the Bill of the third amendment of Act
Number 23 of 1999 concerning Bank Indonesia, that proposed to transfer back the
supervisory function to Bank Indonesia from the Financial Services Authority. This
research is performed by a normative juridical study, using secondary data as the
primary data. The data were processed by qualitative analysis. This study aims to
examine the juridical consequences of the Amendment in Article 34 Bill Draft of the
third amendment of Act Number 23 of 1999 concerning Bank Indonesia against the
duties and authorities of Bank Indonesia and Financial Services Authority. This study
uses