Securities Overview Of Mutual Fund Transactions Linked To The Provisions Of The Capital Market Law

Abstract

One of the legal arrangements needed to support economic development is provisions in the capital market sector. With the enactment of the Capital Market Law Number 8 of 1995, contained in the State Gazette of the Republic of Indonesia Number 64 of 1995, it is hoped that the capital market can make a greater contribution to development so that development targets in the economic sector can be implemented and achieved. The capital market aims to support the implementation of national development in order to increase equality, growth and stability of the national economy towards improving people's welfare. Mutual Funds as issuers in the Capital Market have specific characteristics, so they need to be specifically regulated in the form of law. This research aims to understand the mechanism of mutual fund securities transactions based on capital market laws, and determine the role of actors and supporting professions in mutual fund transactions. This research uses a normative method by describing legal science at the legal dogmatic layer. The research results showed that the Investment Manager's responsibility in protecting mutual fund investors is contained in a contract between the Investment Manager and investors in managing Mutual Fund Securities regulated in the provisions of Articles 41, 42 and 105 UUPM; Government Regulation Number 45 of 1995 concerning the Implementation of Activities in the Capital Market Sector, which is regulated in the provisions of Articles 28 and 29; and several Decisions of the Chairman of Bapepam, Investment Managers must "heed and comply" with all forms of legal instruments that have been regulated in Mutual Fund activities, both those regulated in the provisions of the Capital Market Law and in statutory regulations under the law.