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Self-Regilatory
Organizations (SROs)
SROs are:
- Securities
Exchange
- Clearing Guarantee Corporation
- Central Securities Depositary
Securities Exchange
A Securities Exchange is a Person that organizes
and provides the system and facilities that are used to
bring together offers of those who intend to buy and sell
securities. (Art 1 item 4. of Capital Market Law)
As an organization that regulates itself (Self-Regulating
Organization/SRO), a Stock Exchange sets rules for the
members, listing, trading and other activities related to
its business.
Up to present Bapepam has granted business licenses to 2
(two) exchanges as follows:
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The Jakarta Stock
Exchange (JSX)
The Jakarta Stock Exchange obtained its business
license on March 18, 1992 and officially
established as a private stock exchange on July
13, 1992 indicated by the switched management
from Bapepam to Jakarta Stock Exchange.
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The Surabaya Stock
Exchange (SSX)
The Surabaya Stock Exchange was
established on June 16, 1989 as the first
exchange in Indonesia. In 1995 The Indonesian
Parlallel Exchange merged with BES.
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Clearing Guarantee Corporation
A Clearing Guarantee Institution is a Person that clears
and guarantees the settlement of Securities Exchange
Transactions. (Art 1 item 9. of Capital Market Law)
As a Self Regulating Organization, LKP is required to set
rules on Guarantee, securities transaction clearing, and
other activities to its business.
Bapepam has granted 1 business license of Clearing
Guarantee Corporation to The Indonesian Clearing and
Guarantee Corporation
PT KPEI obtained its business license on June 1, 1998.
This corporation substituted the clearing function
previously conducted by The Indonesian Securities
Depositary (PT Kliring Depositori Efek Indonesia - PT
KDEI)
Central Securities Depositary
A Central Securities Depository is a Person that acts as
a central Custodian for Custodian Banks, Securities
Companies and others. (Capital Market Law Art. 1 Item 10)
As a Self Regulating Organization, LPP is required to set
rules on depository, securities transaction settlement
and other activities related to its business.
Bapepam has granted 1 Central securities depository
business license to The Indonesian Securities
Central Custody
PT KSEI obtained its business license on Nopember 11,
1998. This corporation conducts custody and settlement
function previously conducted by The Indonesian
Securities Depositary and Settlement Corporation (PT
Kliring Depositori Efek Indonesia - PT KDEI)
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