
Definition of capital markets in the wikipedia.org site is collaboration between demand and supply as a long-term fund which are embodied in the form of financial instruments that can be traded. In Indonesia the capital markets managed by central government agencies, namely BAPEPAM – LK, (Capital Market Supervisory Agency and Financial Institution. BAPEPAM Duties include supervising, arrangements, and daily supervision of capital market activities.
BAPEPAM aims to achieve capital market activities are orderly, fair, and efficient and to protect the interests of investors and the public.
Regular: ensuring that all capital market participants shall follow the applicable regulations in accordance with their respective fields and implement them consistently.
Fair: all capital market participants conduct their activities with due regard to applicable standards and ethics in the business world as well as many in the public interest.
Efficient: capital markets activities conducted in a timely and appropriate to the cost of relatively cheaper.
In performing its duties, BAPEPAM has authority as follows:
- Provide a business license to the Stock Exchanges, Clearing Guarantee Institutions, Central Securities Depository, Mutual Funds, Securities Companies, Investment Advisers, and Securities Administration Bureau.
- Issuing individual permits to the Underwriter, Deputy Securities Brokerage, Investment Manager of representatives, and Mutual Fund Sales Agent Representative.
- Grant approval for the Bank Custodian.
- Requiring Admission to the capital market supporting professionals, including notaries, legal consultants, appraisers, and public accountants.
- Establish requirements and procedures for registration.
- Conduct inspections and investigations.
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