Indonesia: Implementation of the IOSCO Objectives and Principles of Securities Regulation

International Monetary Fund

No 2012/189, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses implementation of the International Organization of Securities Commissions (IOSCO) objectives and principles of securities regulation in Indonesia. The Capital Markets and Financial Institutions Supervisory Agency (BAPEPAM-LK) has taken impressive steps to increase the transparency of regulation and to institute a comprehensive operational program that meets international norms and Indonesia’s understanding of best practices. This paper reveals that the regulatory framework, regulatory powers, and requirements pertaining to the securities regulator are highly transparent. The roles of the regulators and supervisors are also clearly defined.

Keywords: ISCR; CR; BAPEPAM-LK rule; BAPEPAM-LK staff; BAPEPAM-LK report; BAPEPAM-LK reviews non-member firms; e-monitoring system; spot market; member firm; insider trading; working capital; BAPEPAM-LK regulation; letter of credit; BAPEPAM-LK investigator; BAPEPAM-LK state; Securities; Capital markets; Mutual funds; Legal support in revenue administration; Stocks; Global (search for similar items in EconPapers)
Pages: 69
Date: 2012-07-18
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