Procedure for Objecting Capital Market Sanctions

Editorial Team

Head of Capital Market and Financial Institution Supervisory Agency (“Bapepam-LK”) has issued Decision No. KEP-642/BL/2012 on Submission of Objection to a Sanction (“Decision”). Rule No. XIV.B.2 on Submission of Objection to a Sanction (“Rule XIV.B.2”) is attached to the Decision.

The Decision aims to provide a clear procedure for filing an objection for parties that have been sanctioned by Bapepam-LK in accordance with Article 102 of Law No. 8 of 1995 on Capital Markets (“Capital Market Law”).