Capital Market Assessors - Perfected (Amended) Rules

The Head of the Capital Market Supervisory Agency (Bapepam) has issued a Decision to ensure compliance and uniformity in the laws and regulations governing the Capital Market, particularly in light of some regulatory changes as a consequence of a number of Department of Finance regulations and decisions. Under previous regulations, assessors were registered as support staff to a registered limited liability engaged in Capital Market activities. However, under the new regulatory framework assessors will be required to register individually.

The primary feature of the new regulatory framework is that assessor services will no longer be supplied as a support service of a limited liability company, they will instead develop into a partnership arrangement where each individually registered assessor will be required to prove that they are a partner of a legal registered partnership before being licensed to carryout activities as an assessor in the Capital Market.