Hukum Pasar Modal | Sesi 6 Hukum Bisnis | Ari Riswanto

Introduction

This tutorial aims to provide a comprehensive overview of capital market law as discussed in Ari Riswanto's lecture. Understanding these concepts is crucial for students and anyone interested in the workings of capital markets in Indonesia, including the Jakarta and Surabaya stock exchanges, market participants, and regulatory requirements.

Step 1: Understand the History of Capital Markets

• Explore the evolution of capital markets in Indonesia.
• Identify key milestones in the development of the Jakarta and Surabaya stock exchanges.
• Recognize the significance of historical events that shaped current capital market regulations.

Step 2: Learn About the Indonesian Stock Exchange

Familiarize yourself with the structure and functions of the Indonesian stock exchanges

• Bursa Efek Jakarta: The main stock exchange in Indonesia.
• Bursa Efek Surabaya: Focuses on smaller companies and regional listings.
• Understand how these exchanges operate and their roles in the economy.

Step 3: Identify Market Participants

Recognize the different actors in the capital market, including

• Individual investors
• Institutional investors
• Brokers and dealers
• Regulatory bodies
• Learn the roles each participant plays in the trading and regulatory processes.

Step 4: Explore Financial Instruments

Get acquainted with various financial instruments traded in the capital market

• Stocks: Ownership shares in a company.
• Bonds: Debt securities issued by corporations or governments.
• Mutual Funds: Investment programs funded by shareholders that trade in diversified holdings.
• Understand the risk and return associated with each instrument.

Step 5: Understand Market Requirements

Review the essential criteria for participating in the capital market

• Registration and compliance for companies wishing to go public.
• Financial disclosures and reporting obligations.
• Learn about the legal framework governing capital markets in Indonesia.

Step 6: Learn About Going Public

Understand the process a company undergoes to become publicly traded

• Conducting an Initial Public Offering (IPO).
• Preparing necessary documentation and disclosures.
• Recognize the benefits and challenges of going public.

Step 7: Familiarize Yourself with Clearing and Guaranteeing Institutions

Explore the roles of clearinghouses and guarantors in capital markets

• Ensure the smooth settlement of trades.
• Reduce counterparty risk in transactions.
• Understand the regulatory requirements for these institutions.

Conclusion

In this tutorial, we covered the essential aspects of capital market law, including its history, key players, financial instruments, market requirements, the process of going public, and the role of clearing and guaranteeing institutions. To deepen your understanding, consider further research on each topic and follow updates on regulations and market developments in Indonesia.