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Chapter XVII
| TRANSITIONAL PROVISIONS |
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| Article 113 |
| Any
Company meeting the criteria of a Public
Company as defined in this Law, that has
not submitted a Registration Statement to
BAPEPAM as of the date this Law becomes
effective, must fulfil out the provisions
in this Law not later than two years from
the date the Law becomes effective. |
Article 114 |
| Upon the
effectiveness of this Law: |
| a. |
all laws and
regulations issued prior to the
effectiveness of this Law, shall remain
in force insofar they are not contrary to
this Law or not revised by this Law; |
| b. |
all business
licenses, individual licenses, approvals
and registrations issued prior to the
effectiveness of this Law shall remain in
force; |
| c. |
Registration
Statements and applications for business
licenses, approvals and registrations
submitted prior to the effectiveness of
this Law shall be disposed of according
to the regulation prevailing prior to the
effectiveness of this Law; and |
| d. |
clearing
activities, settlement of Securities
Transactions, and custody of Securities
that are being carried out by a Company
licensed as a Clearing, Central
Securities Depository, may continue
to be done for a period determined by
BAPEPAM. |
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