CRIMINAL PROVISIONS
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| Article 103 |
| (1) |
Any Person who
engages in Capital Market business
activities without a license, approval,
or registration required in Articles
6, 13, 18, 30, 34, 43, 50, and 64,
shall be subject to imprisonment for a
maximum of five years and a maximum fine
of five billion rupiah. |
| (2) |
Any Person who
engages in business without a license
required in Article 32 shall be
subject to imprisonment for a maximum of
one year and a maximum fine of one
billion rupiah |
Article 104 |
| Any
Person who violates the provisions of Articles
90, 91, 92, 93, 95, 96, 97 item (1) and
98, shall be subject to imprisonment
for a maximum of ten years and a maximum
fine of fifteen billion rupiah. |
Article 105 |
| Investment
Managers and or Affiliated Persons that
violate the provisions of Article 42
shall be subject to imprisonment for a
maximum of one year and a maximum fine of
one billion rupiah. |
| (1) |
Any Person who
violates the provisions of Article 70
shall be subject to imprisonment for a
maximum period of ten years and a maximum
fine of fifteen billion rupiah. |
| (2) |
Any Person who
violates the provisions of Article 73
shall be subject to imprisonment for a
maximum period of three years and a
maximum fine of five billion rupiah. |
Article 107 |
| Any
Person with intent to deceive or to cause
loss to another Person or to mislead
BAPEPAM, loses, destroys, erases,
obscures, hides, or falsifies records of
a Person that is licensed approved or
registered, including a registered Issuer
or a Public Company shall be subject to
imprisonment for a maximum period of
three years and a maximum fine of five
billion rupiah. |
Article 108 |
| The
criminal penalties of imprisonment,
confinement, and fines mentioned in Articles
103,104, 105, 106 and 107, shall also
be applied to Persons who, directly or
indirectly, influence other Persons to
violate such Articles. |
Article 109 |
| Any
Person who disobeys or obstructs the
implementation of Article 100 is
subject to criminal confinement for a
maximum period of one year and a maximum
fine of one billion rupiah. |
Article 110 |
| (1) |
Criminal acts
mentioned in Articles 103 item (2),
105, and 109, are misdemeanors. |
| (2) |
Criminal acts
mentioned in Articles 103 item (1),
104, 106, and 107, are felonies. |
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