Indonesia SIPF News

Dec 29
2013

Press Release: The Launching of Investor Protection Fund in Indonesia Capital Market

With the issuance of Business Operation License of Indonesia Securities Investor Protection Fund (SIPF) as an institution authorized to run and manage IPF according to Decision of Board of Commissionaires of Otoritas Jasa Keuangan (OJK/Financial Services Authority) Number Kep-43/D.04/2013 on Business Operation License of IPF Institution bestowed upon Indonesia SIPF. The license enables Indonesia SIPF to be officially launched as the official part Indonesia Capital Market infrastructure, within the theme "The Excellence Service of Reliable Capital Market Industry". The launch entails I SECURE that stands for Integrity, Service Excellence, Customer Focus, and Reliable as core value of Indonesia SIPF in running IPF in Indonesia. 

Ms. Nurhaida, the Chief Executive Functioning as Capital Market Supervisor, was the one authorized to lead the launch. The event was also participated by stakeholders in capital market, such as Directors of Indonesia Stock Exchange (Bursa Efek Indonesia/IDX), Directors of Securities Clearing and Guarantee Institution (Kliring Penjaminan Efek Indonesia/KPEI), Securities Depository and Settlement Institution (Kustodian Sentral Efek Indonesia/KSEI), as well as the caretaker of associations, unions, and forums in Indonesia capital market industry.

 With the official launch, Indonesia SIPF is now fully authorized to exercise its activities as institution for IPF. It is believed that with the role Indonesia SIPF in Indonesia capital market industry, investors may feel more secure in doing investment in Indonesia, and hopefully other local and foreign investors will feel hooked to put their attention to Indonesia.