Access Rights of the Electronic Fiduciary Registration System for Corporation in Indonesia

Abstract

In the modern era, legal services in Indonesia have to transform from conventional to electronic-based. One of the legal services that have been transformed is the electronic fiduciary registration system. The electronic fiduciary registration system is a breakthrough in the field of legal services that aims to increase state revenue through non-tax state revenues and create legal services in the registration of fiduciary guarantees that are faster, easier, cheaper and more accurate. Statistically, the enactment of an electronic fiduciary registration system since 2013 has provided a positive trend that has prompted the government to continue to improve both facilities and infrastructure regarding the electronic fiduciary guarantee registration system. Its existence is currently regulated in the Regulation of the Minister of Law and Human Rights Republic Indonesia Number 25 of 2021 concerning Procedures for Registration, Amendment and Abolition of Fiduciary Guarantees. This regulation regulates new content that has not been regulated in the previous regulation, namely the regulation regarding access rights for electronic fiduciary registration for corporations as one of the applicants. The granting of access rights to corporate is inseparable from the use of fiduciary guarantees as one of the guarantees in the credit distribution process by corporate in the form of the banking industry, non-bank financial industry, and other service industries.