Beruflich Dokumente
Kultur Dokumente
I. GOVERNMENT INSTITUTIONS
1. The Law No. 8 of 1995 on Capital Market provides that Bapepam has duties of :
i. setting up rules and managing the capital market so
the securities traded in the Stock Exchange (SX) will be performed
in order, fairly and efficiently in order to protect the
investors and society in general;
ii. supervising and empowering the
supporting capital market institutions and professions;
iii. advising the Minister of Finance with respect to
the capital market conditions, domestically and globally, in
order to issue or decide the national economic policies.
2. Capital Market is inter-connected with all aspects in our life, and
thus may suffer risks, such as political risk, currency value, inflation
and market risk. Bapepam has to cooperate with other governmental
institution in order to manage and tackle the risks.
i. Political Risk. Governmental policy in setting up rules or
regulations which are not in line with the capital market condition
will certainly deteriorate the investment climate.
ii. Currency Risk. Governmental Policy in tackling the
fluctuation of currency is a critical point to stabilize the
enthusiasm of investment activities in the capital market.
Having the stabilized currency will certainly help the investors
doing their good business.
iii. Inflation Risk. The raise of price on goods and services will
certainly affect the value of the currency. Consequently the price of
the traded securities will fall down.
iv. Market Risk. The fierce and tight law enforcement in all
criminal actions occurred in the capital market transaction
will help stabilizing market conditions.
3. The roles of Bapepam in the capital market activities:
i. to grant license for establishing SX, Clearing Institution,
Custodian Institution, Mutual Fund, Securities
Company, and Securities Administration Bureau;
ii. to grant permission for the operation of commercial
bank as a custodian bank or trustee, and registration for
professions to conduct as capital market supporting
professions;
iii. to set up conditions and procedures for conducting the
public offering of securities, and to suspend or cancel
the public offering;
iv. to investigate all criminal actions or administrative
malpractices in the capital market transactions;
v. to determine tax, levies, charges, and costs related to the
application for licenses, permits, registration,
investigation with respect to all capital market activities
and/or transactions.
II. PRIVATE INSTITUTIONS