With a view to increasing the integrity and simultaneously expanding the securities market, particularly with respect to debentures and Sukuk (Islamic bonds) the Head of the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) has issued Decision No. KEP-123/BL/2009 on Reporting Securities Transactions.
The decision repeals and replaces the Head of Bapepam-LK Decision No. Kep-07/BL/2006 on Reporting Bond Transactions as it has been deemed to no longer be suitable for the stated purpose. The decision includes an Attachment and the Attachment is a perfection of Rule No. X.M.3. The perfected rule broadens the number and types of transactions that must be reported to include Islamic bonds, state commercial paper (Surat Berharga Negara), and other kinds of securities as determined by Bapepam-LK. The list of 14 types of transactions that must be reported are listed at point 3 of the Rule.
The reporting of the securities transactions are to be made to the Securities Transaction Report Receiver (Penerima Laporan Transaksi Efek / PLTE). The PLTE is required to set up the necessary infrastructure, system, and tools in order to receive reports.
All securities transactions irrespective of whether they are completed within the Stock Exchange or are completed outside of the Stock Exchange framework must be reported. The difference in terms of reporting is that a Stock Exchange based securities transaction will be automatically reported whereas a transaction completed outside of this framework will require the party completing the transaction to make the compulsory report.
Point 7 of the Rule lists all the relevant information that must be included in the report. This includes, among others, the following data:
-
Name and series number of the security;
-
Transaction value;
-
Transaction volume;
-
Transaction time; and
-
Settlement date.
The Rule provides for sanctions to be imposed on the parties who breach the reporting requirements stipulated in this Rule. Generally, the fines are to be levied at IDR 10 thousand per hour the report is late to a maximum of IDR 100 thousand per day. The total maximum fine for failure to report is IDR 100 million per report.
The fines noted above do not come into force until 1 January 2010.
The decision was issued on 29 May 2009 and comes into force on 1 October 2009.
With a view to increasing the integrity and simultaneously expanding the securities market, particularly with respect to debentures and Sukuk (Islamic bonds) the Head of the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) has issued Decision No. KEP-123/BL/2009 on Reporting Securities Transactions.
The decision repeals and replaces the Head of Bapepam-LK Decision No. Kep-07/BL/2006 on Reporting Bond Transactions as it has been deemed to no longer be suitable for the stated purpose. The decision includes an Attachment and the Attachment is a perfection of Rule No. X.M.3. The perfected rule broadens the number and types of transactions that must be reported to include Islamic bonds, state commercial paper (Surat Berharga Negara), and other kinds of securities as determined by Bapepam-LK. The list of 14 types of transactions that must be reported are listed at point 3 of the Rule.
The reporting of the securities transactions are to be made to the Securities Transaction Report Receiver (Penerima Laporan Transaksi Efek / PLTE). The PLTE is required to set up the necessary infrastructure, system, and tools in order to receive reports.
All securities transactions irrespective of whether they are completed within the Stock Exchange or are completed outside of the Stock Exchange framework must be reported. The difference in terms of reporting is that a Stock Exchange based securities transaction will be automatically reported whereas a transaction completed outside of this framework will require the party completing the transaction to make the compulsory report.
Point 7 of the Rule lists all the relevant information that must be included in the report. This includes, among others, the following data:
-
Name and series number of the security;
-
Transaction value;
-
Transaction volume;
-
Transaction time; and
-
Settlement date.
The Rule provides for sanctions to be imposed on the parties who breach the reporting requirements stipulated in this Rule. Generally, the fines are to be levied at IDR 10 thousand per hour the report is late to a maximum of IDR 100 thousand per day. The total maximum fine for failure to report is IDR 100 million per report.
The fines noted above do not come into force until 1 January 2010.
The decision was issued on 29 May 2009 and comes into force on 1 October 2009.
Ada Pertanyaan? Hubungi Kami 
Professional Solutions
University Solutions
Pro
My Workspace
Pro AI
Terfavorit
Allex QnA
Pro Compliance
