DECISION OF THE HEAD OF THE FUTURES COMMODITY EXCHANGE SUPERVISORY BOARD
NO. 28/BAPPEBTI/KP/IX/2001 DATED SEPTEMBER 27, 2001 CAPITAL REQUIREMENTS FOR FUTURES BROKER
FOR THE OPENING OF BRANCH OFFICES
THE HEAD OF THE FUTURES COMMODITY EXCHANGE SUPERVISORY BOARD,
Considering :
a. that in the framework of implementing Article 43 of Government Regulation No. 9/1999 on the operation of futures commodity exchange, it is deemed necessary to further stipulate a technical regulation on the requirements for the addition of capital of futures brokers that will open branch offices;
b. that in relation thereto, it is necessary to issue a decision of the Head of the Futures Commodity Exchange Supervisory Board;
In view of :
1. Law No. 32/1997 on the futures commodity exchange (Statute Book of 1997 No. 93, Supplement to Statute Book No. 3720);
2. Government Regulation No. 9/1999 on the operation of the futures commodity exchange (Statute Book of 1999 No. 16, Supplement to Statute Book No. 3805);
3. Presidential Decree No. 12/M/2001;
4. Decision of the Head of the Futures Commodity Exchange Supervisory Board No. 07/BAPPEBTI/KP/ X/1999 on the licensing of futures brokers, futures consultants, futures fund center operators, vice futures brokers, vice futures consultants, vice futures fund center operators and futures traders.
DECIDES : To stipulate :
THE DECISION OF THE HEAD OF THE FUTURES COMMODITY EXCHANGE SUPERVISORY BOARD ON CAPITAL REQUIREMENTS FOR FUTURES BROKERS FOR THE OPENING OF BRANCH OFFICES.
Article 1
traders.
Article 2
The amount of the additional paid-up capital as meant in Article 1 shall be Rp. 500,000,000,- (five hundred million rupiahs) for the opening of every branch office of future brokers.
Article 3
The evidence of financial statements validated by public accountants which mentions the fulfillment of requirements for the paid-up capital as meant in Article 2 shall be conveyed to BAPPEBTI upon the submission of applications for the opening of branch offices.
Article 4
This decision shall come into force as from the date of stipulation.
Stipulated in Jakarta On September 27, 2001
THE HEAD OF THE FUTURES COMMODITY EXCHANGE SUPERVISORY BOARD
sgd.
