21 Oct 2017
About Bapmi
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Background

BAPMI's establishment is inseparable from demands of Indonesian Capital Market players to have their own special out-of-court dispute settlement board in Capital Market to be handled by those who are experts in Capital Market, in quick and inexpensive processes, with final and binding decisions, and for fairness and justice.

Under the support of the Capital Market Supervisory Agency (Bapepam), subsequently in 2002 the Self-Regulatory Organizations (SROs) in Capital Market sector, i.e. the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) [now the Indonesia Stock Exchange (IDX)], the Indonesian Clearing and Guarantee Corporation (KPEI) and the Indonesian Central Securities Depository (KSEI) together with 17 associations in Indonesian Capital Market sector signed an MOU (Deed Number 14, drawn up by Notary Fathiah Helmy S.H.) to establish an Arbitration institution, which later was named the Indonesian Capital Market Arbitration Board, or "BAPMI".

BAPMI's Deed of Establishment (Deed Number 15, drawn up by Notary Fathiah Helmy S.H.) was signed in Jakarta by JSX and SSX [now IDX], KPEI and KSEI on 9th August 2002 before Mr. Boediono, the then Indonesia Minister of Finance, in a ceremony held in Indonesian Ministry of Finance's auditorium in Jakarta. Furthermore, BAPMI was recognized as a legal entity through Indonesian Minister of Justice and Human Rights' Decree Number: C-2620 HT.01.03.TH 2002, on 29th August 2002. The recognition was published in the State Gazette of the Republic of Indonesia on 18th October 2002, Number 84/2002, and the State Gazette Number 5/PN/2002.

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