Services

Claim

Investor Protection Fund Institution shall perform claim handling activity of Investor for the loss of Investor Asset after the FSA declares the following conditions:

  1. There is a loss of Investor Asset
  2. Custodian fails to reinstate the loss of Investor Asset
  3. Custodian that carries on business as Securities Broker Dealer performing Securities administration is declared incompetent to continue its business activity and its business license shall be revoked by the FSA.
  4. Custodian is declared incompetent to continue its business activity as Custodian Bank and its business license as Custodian shall be revoked by the FSA

 

By no later than 3 (three) business days following the decision of FSA, Board of Directors of Investor Protection Fund Institution shall:

  1. Notify the public through newspaper/other media for the occurrence of the abovementioned conditions and encourage the concerning Investor to submit a claim to Investor Protection Fund Institution by no later than 30 (thirty) business days following such notification.
  2. Give suggestion to form a claim committee to the FSA; and
  3. Form a claim verification team.

Indemnification to Investor by using Investor Protection Fund shall be conducted in compliance with the following provisions:

  1. The FSA has issued a written statement that:
    1. There is a loss of Investor Asset
    2. Custodian is incompetent to reinstate the loss of Investor Asset; and
    3. Custodian that carries on business as Securities Broker Dealer performing Securities administration is declared incompetent to continue its business activity and its business license shall be revoked by the FSA; or
    4. Custodian is declared incompetent to continue its business activity as Custodian Bank and its business license as Custodian shall be revoked by the FSA
  2. Investor has submitted an indemnity application to Investor Protection Fund Institution as stipulated in the FSA Rule Number VI.A.5 concerning Investor Protection Fund Institution

Such indemnification shall be given in the form of fund of equal value to a loss of Investor Asset and/or at a maximum limit determined by the FSA for each Investor and Custodian.  Indemnification on the loss of Investor Asset shall not cover the loss of estimated future investment value.

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PT. Penyelenggara Program Perlindungan Investor Efek Indonesia
Indonesia Stock Exchange Building
Tower 2, Ground Floor
Jl. Jenderal Sudirman Kav. 52-53, Jakarta 12190
Phone +6221 - 5155553
Fax +6221 - 5155556