Bapepam Require Investors Have Card Access
Stock Report May 3rd, 2010
JAKARTA – Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) plans will require the investor to have the card reference Ownership Securities (Access) in 2011.
Bureau Transactions and Institutional Securities Bapepam LK Nurhaida say, for now it has not requiring ownership of access. “It is not compulsory. However, if approached enforcement SID, may be we will oblige,” said he, in Jakarta, Wednesday (10/3/2010).
According to Nurhaida, to require property access, the infrastructure in the capital market should be supported. Currently, it’s still in improving the infrastructure and systems in the capital markets to create the security and comfort in the capital market.
In addition, his department has ordered the Custodian Sentral Efek Indonesia (KSEI) information dissemination through mass media or directly to investors.
It is also still doing studies, whether this obligation will be created for new rules or inserted into the rules associated with the obligations of the administrative investors opened accounts at securities companies.
“We are still gathering data for monitoring, as well as KSEI and BEI. Anyway, Bapepam will accommodate the rules of account opening,” added he.
As for, the number of users access has been only 11 thousand accounts of the amount of investor capital markets of more than 300 thousand. As is known, the facility of checking accounts investor is an early stage, before the enactment Single Identity (SID) at the end of 2011 to come.
However, the function of access is different from the SID. Access only makes it easy for investors to be at any moment to check his account at the brokerage
