BEI President Director Ito Warsito said here on Sunday that regulations regarding the Fund would be drafted next year after the revision of the Capital Market Law (UUPM).
"We will ask the assistance of the Deposit Insurance Agency (LPS) which has been established within the banking industry. It has learned the mechanism how it was formed. Maybe we will somehow follow its format," he said.
The idea on the establishment of IPF had come to surface since in the past three years where its presence was needed in response to the very often violations taking place with the capital market.
"Regulators have important notes on major cases in the past such as the embezzlement of customers` funds by PT Sarijaya Permana Securities, Pt Antaboga Delta Indonesia and PT Optima Kharya Securities," he said.
Considering the cases, Ito said, the establishment of the IPF could no longer be bargained.
He said that BEI was conducting a comparative study in several countries on form of fund protection that could be implemented in Indonesia.
"We are still studying it," he said.(*)
Editor: Jafar M Sidik
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