According to the Law concerning the Capital Market, the guidance, regulation, and day-to-day supervision of capital market is provided by the Capital Market Supervisory Agency (Badan Pengawas Pasar Modal/Bapepam). Also, it implements an orderly, fair, and efficient capital market activity and protect the interest of investor and public.
The functions of Bapepam are:
- Drafting Capital Market rules and regulations;
- Guiding and supervising any Person granted business license, approvals, registration and other person related to Capital Market;
- Establishing disclosure principles for Issuers and Public Companies;
- Settlement of the objection by Person imposed sanction by Stock Exchange, Clearing Guarantee Corporation, and Central Securities Depositary;
- Establishing Capital Market accounting standards;
- Protecting technical implementation of Bapepam main function according to the policy required by Minister of Finance;
- In implementing the function, Bapepam has the authority to grant licenses, approvals, effective registration to capital market participants and provide effective registration statement;
- Bapepam has granted business licenses to 2 exchanges namely The Jakarta Stock Exchange (JSX) and The Surabaya Stock Exchange (SSX), 117 Underwriters, 207 Broke-dealers and 70 Investment Managers
(Online:
www.bapepam.go.id
)
