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28 April 2009
On May 1 2009 the Indonesian Stock Exchange's Regulation on Margin Transactions and Short Selling (III-I) will come into effect. The regulation implements the Regulation of the Capital Markets Supervisory Agency (V.D.6).
The implementing regulation is aimed at clarifying the procedures for obtaining approval for margin and short-selling activities by stock exchange members. It specifies the reporting requirements and periodical inspection regime to which members are subject.
Among other things, a member seeking approval for such a transaction must have:
The member providing the transaction must have standard operating procedures for the implementation of the transaction which include procedures for client reception and control of trading limits and financing.
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