- The Board of Directors of the Indonesia Stock Exchange (Bursa Efek Indonesia - "BEI") has issued Regulation II-A No. KEP-00055/BEI/03-2023 on the Trading of Equity-Type Securities, which has been in force since 3 April 2023, which contains a new set of guidelines that specifically address the trading of equity-type securities (i.e. shares, preemptive rights, warrants, securities that are issued by listed companies in order to be converted into company shares and other securities stipulated by the OJK) through the BEI. Said trading must be specifically conducted through the Jakarta Automated Trading System ("JATS").
- Exchange members are responsible for the settlement of exchange transactions that occur as a result of: 1) Securities Exchange Member Remote Trading Device and/or application errors; 2) Mistakes relating to the granting of approvals for selling offers and/or buying requests; 3) Errors in the operation of Remote Trading Devices; and 4) Access is gained through means other than Remote Trading Devices.
- Exchange members are also prohibited from: 1) Providing pseudo pictures in relation to activities and/or price movements; 2) Engaging in any market manipulations, either in their own interests and/or in the interests of their customers; and 3) Engaging in any misleading acts and unfair transactions.
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