The Financial Services Authority (OJK) said they are planning to submit the Capital Market Law revision for the House of Representatives (DPR) to discuss next year.
OJK director for capital market supervision Nurhaida said the regulator has been planning to revise the Law No.8/1995 for quite some time, but the plan kept being delayed.
She said some of the points to be revised and/or added in the Law include demutualizaton, the issuance of shares without nominal value, the implementation of corporate governance, and improving investor protection through several new regulations.
For the demutualization of stock exchanges that separates share ownership with stock market participantship. This point, said, is aimed at providing a legal basis for the public to become shareholders of the Indonesia Stock Exchange (BEI) either directly or indirectly.
