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Chapter XII
| FORMAL INVESTIGATIONS |
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| Article 100 |
| (1) |
BAPEPAM may
initiate a formal investigation of any
Person suspected of violating or being
involved in a violation of this Law
and/or its implementing regulations. |
| (2) |
When conducting
investigations referred to in item (1),
BAPEPAM is authorized to: |
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a. |
request information
and corroboration from Persons suspected
of engaging in or having been involved in
a violation of this Law or its
implementing regulations, or from other
Persons, as deemed necessary; |
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b. |
require Persons
suspected of engaging in or having been
involved in a violation of this Law or
its implementing regulations, to do or
not to do certain things. |
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c. |
inspect and make
copies of records, books, and or other
documents owned by Persons suspected of
engaging in or having been involved in a
violation of this Law or its implementing
regulations, including records, books,
and documents owned by other Persons,
when deemed necessary; and |
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d. |
establish
requirements for and/or permit Persons to
do certain things that are appropriate in
the context of the settlement of losses
that have occurred as a result of a
suspected violation of this Law and or
its implementing regulations |
| (3)
(4)
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Further provisions
regarding the investigative procedures
mentioned in item (1), shall be
stipulated in Government Regulations. BAPEPAM employees
and other Persons appointed by BAPEPAM to
conduct formal investigations, may not
use for themselves, information obtained
by virtue of this Law or disclose such
information to another Person, except as
necessary to achieve BAPEPAM’s
purposes of, or as otherwise required by
law.
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