The draft legislation - the Financial Services Authority Act, the completion of the revision of the Capital Market Law and choked delay its completion

The draft legislation - the Financial Services Authority Act, the completion of the revision of the Capital Market Law and choked delay its completion, Because of busy draft legislation - the Financial Services Authority Act, the completion of the revision of the Capital Market Law and choked delay its completion. So that can not be completed this year, Indonesian Head of Capital Market Supervisory Agency and Financial Institution Fuad Rahmany said his side are currently working on the revision settlement of the Capital Market Law in the midst of the hustle and bustle of the discussion of draft legislation - the Financial Services Authority Act

"Forward, 2011, do not delay too, is not our focus at the Financial Services Authority. One at a time then," he said when met at the Ministry of Finance Building, Jalan Wahidin Raya, Jakarta, Thursday (09/12/2010).

According to Fuad, the revised law - the Capital Market Law is not an urgent thing because it is not associated with crisis situations. "It's not something we worry about laws - laws of capital markets, meaning that amendments - the capital market law is something we should do but it has nothing to do with the crisis," he said.

The fate of the revision of the Capital Market Law is also the same fate with the law - the National Social Security System Act which is expected to be delayed also its resolution. "Ah do not be talking about the National Social Security System was deh," he concluded.

Previously, the revision of Law No. 8 / 1995 concerning Capital Market to be completed in early 2010. Thus explained the Chairman of the Capital Market Supervisory Agency and Financial Institution Fuad Rahmany.

According to Fuad, the new government will submit draft legislation - legislation regarding revisions to the House of Representatives in the quarter-I 2010. Indeed, the Capital Market Supervisory Agency and Financial Institution has completed an initial draft of the revised rule.

However, the Capital Market Supervisory Agency and Financial Institutions will still need to re-design this brewing with the Ministry of Finance, Secretary of State, and the Department of Justice and Human Rights.

Revisions made because of the rampant cases of violation of capital market in the last two years led to the preparation beleid it faltered.

In fact, a number of issues such as the addition of the authority of Bapepam-LK and the separation of investment managers, securities firms is the provision of adequate siphon attention market participants.

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