|
|
|
Chapter X
| REPORTING
AND DISCLOSING INFORMATION |
| |
| Article 85 |
| Securities
Exchanges, Clearing Guarantee
Institutions, Central Securities
Depository, Investment Funds, Securities
Companies, Investment Advisors,
Securities Administration Agencies,
Custodian banks, Trust-Agents and other
Persons that are licensed by, approved
by, or registered with BAPEPAM, must
submit reports to BAPEPAM |
Articlel 86 |
| (1) |
An Issuer whose
Registration Statement has become
effective, or a Public Company, is
required to: |
| |
a. |
publish periodic
reports and submit such reports to
BAPEPAM; and |
| |
b. |
make public
Material Information regarding events
that may affect the price of Securities,
not later than two working days after the
event, while reporting such information
to BAPEPAM. |
| (2) |
BAPEPAM may exempt
Issuers and Public Companies from the
reporting requirements referred to in
item (1). |
| (1) |
Directors and
commissioners of Issuers and Public
Companies must report to BAPEPAM, their
ownership of the shares of such Companies
and each change of such ownership. |
| (2) |
Every Person owning
five percent or more of the shares of an
Issuer or Public Company must report such
ownership to BAPEPAM, as well as each
change in ownership. |
| (3) |
Reports mentioned
in items (1) and (2) must be
submitted not later than ten days of the
acquistion or sale of the shares. |
Article 88 |
| Further
requirements and procedures with respect
to the reports specified in Articles
85, 86, and 87 shall be
determined by BAPEPAM. |
Article 89 |
| (1) |
All information
that must be submitted to BAPEPAM by
virtue of this Law and its implementing
regulations shall be available to the
public. |
| (2) |
Exceptions from the
requirement of item (1) can only
be made by BAPEPAM. |
|
|
|
|
|
