JAKARTA - Indonesian Listed Companies Association (AEI) welcomed the plan of the Indonesian Stock Exchange (IDX) and the Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam LK) related to the establishment of investor protection fund (investor protection fund / IPF).
According to him, the important institutions established if the capital market authorities are feeling vulnerable to the penetration of funds investors. AEI Chairman Airlangga Hartato said initial protection from crime (fraud) is the supervision of Bapepam LK and stock exchange authorities.
"Meanwhile, this institution (IPF), just as the last goalie after Bapepam and IDX conceded. That is, it will be important if the stock exchange authorities conceded to feel very vulnerable," he said in Jakarta, Sunday (14/11/2010).
According to him, that need to be protected is the customer's money on cases that have not been completed on the stock related to securities firms and asset management and liquidation problems. He added, to establish legal clarity was needed in order to protect the white-collar crime in the capital markets industry.
"When the new clear legal basis can be formed IPF. Next new sources of fund his mind whether the stock currently has a excessive funds to be transferred to the fund or requested a new premium to the industry," he said.
The reason, Airlangga added, add the surcharge to the industry if it will cause high cost economy. Modeled case the Financial Services Authority (OJK), where the perpetrator refuses premium will be charged to them if the agency is formed.
President Director of First State Investment Indonesia Legowo Kusumanegoro opinion, a form of insurance agencies that could have been formed with the aim of protecting investors.
However, according to him, new institutional mechanisms are not easy. The reason, each type of mutual fund has different risks, so the premiums will also vary. "Investors have to bear the cost of premiums for this insurance," he said.
From the essence, he continued, would Naturalife Greenworld investment risk. Therefore, he considered, the most important is the understanding and the readiness of investors run the risk of such investment. "Do not get investors to invest simply because there are institutions that guarantee the investment," added Legowo.
Business Development Director of PT BEI Frederica Widyasari previously explained, the basic law of the formation of IPF is the Capital Market Law. Therefore, the realization of these institutions are still waiting for the revision of the Capital Market Law. "IPF is entered into amendments to the Capital Market Law. So, if the Capital Market Law already exists, we can," said the woman who often greeted Kiki this.
The funding for IPF, he reveals, for the early stages came from a self regulatory organization (SRO). For the initial phase of implementation will be tested to retail investors. However, the stock is currently reviewing the position of these institutions will be combined with IDX or separately.
Regarding the revision of the Capital Market Law, Airlangga revealed, to the present revision of the Capital Market Law has not yet been scheduled on the agenda of the House of Representatives (DPR). The reason, board members and stakeholders including the Ministry of Finance is focused finish OJK Act, which targeted completed at the end of this year.
By ade.lestarini, okezone.com, Updated: 11/14/2010 4:44 AM
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