Authors:
Sudiyana
1
and
Dyah Permata Budi Asri
2
Affiliations:
1
Faculty of Law Janabadra University, Indonesia
;
2
Faculty of Law Janabadra University Jalan Timoho II No 40 Yogyakarta, Indonesia
Keyword(s):
Legal Policy, Financial Services Authority, Increasing Investment, Disruption Era
Abstract:
Based on the Article 55 paragraph (1) of Law Number 21 of 2011 concerning the Financial Services Authority,
the duties and functions of the Capital Market Supervisory Agency have been taken over by the Financial
Services Authority. The assignment and function of the capital market watchdog are aimed at increasing the
effectiveness and efficiency of capital market watchdog. This is evident that the growth of the capital market
has increased both in terms of the number of issuers, number of investors, market capitalization, transaction
volume, average transaction value, but can only contribute less than 3%, from the target of 3.3% of the total
investment needs of Indonesia. Legal policies are needed which must be carried out by the Financial Services
authority so that investments in the capital market can increase and meet the government’s targets. Normative
legal writing with a normative juridical approach aims to analyze the legal policies of what should be done
by the authorities an
d the Self Regulatory Organization (SRO) so that investments in the capital market can
increase significantly and can meet Indonesia’s investment needs. In this disruption era, each Organizational
Self Regulatory (SRO) has made a new policy, by applying the latest generation of each main system. Through
the coordination of the Institutional Self Regulatory Institution (SRO) and the Financial Services Authority
(OJK) legal policy, the Indonesian capital market is expected to be more efficient in terms of securities trading
support systems and can increase investment in Indonesia
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