About Us

Investor Protection Fund Institution

The purposes and objectives of the establishment of Investor Protection Fund Institution are as follow:

  1. To administer and manage investor protection fund in Indonesia capital market.
  2. To make investment on investor protection fund in Indonesia capital market.
  3. To conduct investigation, verification, analysis in order to make payment and to conduct other necessary action in respect of claim forwarded by investor.
  4. To receive additional fund and or collect fee in respect of investor protection activities in Indonesia capital market.
  5. To take necessary action for recovery of fund withdrawn from Protection Fund of Investor Asset in order to pay a claim by subrogation on investor’s right toward the party inflicting loss, including but not limited to participation in a legal process, both in or outside the court.
  6. To conduct any supporting activities related to the abovementioned purposes and objectives.

In performing its duties, ISIPF has 3 principal functions as follow:
 

  1. Investment Function
    1. To arrange and perform investment plan on Investor Protection Fund
    2. To monitor the investment growth of unused amount of Investor Protection Fund
    3. To deposit the investment yield of Investor Protection Fund into Investor Protection Fund.

  2. Book-Keeping and Financial Function
    1. To arrange and administer the recording and book-keeping of the whole transactions of Investor Protection Fund Institution
    2. To arrange and administer the recording and book-keeping of the whole transactions and activities in respect of Investor Protection Fund separated from the recording and book-keeping of Investor Protection Fund Institution
    3. To ensure that such recording and book-keeping are well-administered and properly maintained in compliance with the applicable laws and regulations
    4. To arrange financial reports of Investor Protection Fund Institution based on commonly accepted accounting principles.
    5. To perform treasury activities, among other: to receive funds and collect fees of Investor Protection Fund and make payment for any costs related to Investor Protection Fund
    6. To arrange Annual Work Plan and Budget (AWPB) based on Capital Market efficiency principles
    7. In the case of inconsistency or difference in the recording performed by Investor Protection Fund Institution with other party, Investor Protection Fund Institution shall conduct reconciliation with concerning party to ensure the accuracy of the book-keeping.


    8.  
  3. Audit and Compliance Function
    1. To ensure the compliance of applicable laws and regulations as well as standard operating procedures and code of ethics of Investor Protection Fund Institution
    2. To process every complaint of the Investor and the public related to the performance of Investor Protection Fund Institution responsibilities, and
    3. To ensure that internal audit and compliance staff has proper access to book-keeping at any time.

In performing its duties, ISIPF shall:

  1. Make separate safekeeping, recording and book-keeping between assets of Investor Protection Fund Institution and Investor Protection Fund
  2. Keep Securities for the investment of Investor Protection Fund as stated in the FSA Rule Number VI.A.4 concerning Investor Protection Fund in Custodian Bank
  3. Deposit fund of Investor Protection Fund in bank account and/or depository separated from operational account and/or fund depository of Investor Protection Fund Institution
  4. Arrange and submit report comprising of monthly activities and financial reports, semi-annual financial reports, and annual financial reports of Investor Protection Fund to the FSA, and
  5. Provide a secure safekeeping site for the assets of Investor Protection Fund

 

ISIPF has several authorities related to the following matters:

  1. To represent Investor Protection Fund in and outside the court
  2. To make investment on Investor Protection Fund in compliance with the FSA Rule Number VI.A.4 concerning Investor Protection Fund for the purpose of optimally improving the value of Investor Protection Fund by considering the investment yield and risk
  3. To collect fee from members of Investor Protection Fund as stipulated in the FSA Rule Number VI.A.4 concerning Investor Protection Fund
  4. To represent Investor Protection Fund in order to pay reimbursement or refund of Investor Protection Fund having been paid to the Investor from the Custodian which causes the loss of such Investor asset
  5. To receive and deposit the following funds into asset of Investor Protection Fund
    1. Fund received by Investor Protection Fund from the Custodian as refund for the Investor for the performance of subrogation right
    2. Investment yield and/or
    3. Fund and/or asset from other sources determined by the FSA
  6. To pay any costs related to the activities of Investor Protection Fund
  7. To set up the requirements, procedures, or technical guidances concerning membership, claim handling, and investment policy of Investor Protection Fund, and other matters related to the duties of Investor Protection Fund Institution, provided that such requirements, procedures, or technical instructions and amendments thereof shall apply after obtaining the approval from the FSA
  8. To give suggestion to the FSA concerning the number of maximum claim for each Investor and/or total Investor in 1 (one) Custodian by considering any recommendation from the claim committee
  9. To perform investigation, verification, and analysis before deciding to accept or refuse claim payment of Investor
  10. To appoint third party to give assistance in the investigation and verification process of Investor claim
  11. To require the Custodian and Investor to provide Power of Attorney in order to obtain necessary information and document for verification of Investor claim in compliance with the secrecy provisions as stipulated in the applicable laws and regulations
  12. To make payment and perform other action related to Investor claim which has been declared legitimate for payment, and
  13. To give input to the FSA concerning protection stages, membership, and protection coverage based on the capability of Investor Protection Fund by taking into consideration the capability and the need of Investor Protection Fund
logo sipf
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