Financial Services Authority Policy in Increasing Investment Indonesian Capital Market in the Disruption Era

Abstract

Based on the Article 55 paragraph (1) of Law Number 21 of 2011 concerning the Financial Services Authority, the duties and functions of the Capital Market Supervisory Agency have been taken over by the Financial Services Authority. The assignment and function of the capital market watchdog are aimed at increasing the effectiveness and efficiency of capital market watchdog. This is evident that the growth of the capital market has increased both in terms of the number of issuers, number of investors, market capitalization, transaction volume, average transaction value, but can only contribute less than 3%, from the target of 3.3% of the total investment needs of Indonesia. Legal policies are needed which must be carried out by the Financial Services authority so that investments in the capital market can increase and meet the government’s targets. Normative legal writing with a normative juridical approach aims to analyze the legal policies of what should be done by the authorities and the Self Regulatory Organization (SRO) so that investments in the capital market can increase significantly and can meet Indonesia’s investment needs. In this disruption era, each Organizational Self Regulatory (SRO) has made a new policy, by applying the latest generation of each main system. Through the coordination of the Institutional Self Regulatory Institution (SRO) and the Financial Services Authority (OJK) legal policy, the Indonesian capital market is expected to be more efficient in terms of securities trading support systems and can increase investment in Indonesia