Open Conference Systems, The 2nd International Conference on Economics, Business, and Management Research (ICEBMR)

Font Size: 
IMPLEMENTATION OF CAPITAL MARKET SUPERVISION BY OTORITAS JASA KEUANGAN (OJK) TO ENHANCE INVESTOR PROTECTION AND PRINCIPLES OF JUSTICE
Diana Wiyanti, Ghina Aghina, Dian Suryani

Last modified: 2023-12-05

Abstract


The occurrence of economic crises in the past shows how essential the role of supervisory institutions in the independent financial services sector is. The establishment of supervisory and regulatory institutions Financial service institutions in Indonesia were launched based on the mandate of Law Number 21 of 2011 concerning the Financial Services Authority, or Otoritas Jasa Keuangan (OJK). OJK is an independent entity with the responsibility, duties, and authority to regulate and supervise financial service institutions in an integrated manner. However, after more than ten years of operation, various cases still occur in financial services, especially in the capital market, which harm investors. This research aims first to evaluate the implementation of supervision of capital market financial services by the OJK and second to find out how to improve legal protection for investors. The research methods used are descriptive analysis with a normative juridical approach and qualitative analysis focuses on legislation, principles, and legal theories. This research found that the supervision carried out by the OJK in the capital market was inadequate, resulting in less protection for investors. To increase investor protection, preventive and repressive supervision, as well as paying attention to investor justice, must be implemented by the OJK.

Keywords


Supervision; Independent; Integration; Capital Market

Full Text: PDF (1-12)