Freddy Karyadi Oene Marseille On August 31 2010, the 2003 regulations were replaced when the Ministry of Finance issued the Regulation of the Minister of Finance of the Republic of Indonesia No: 153/PMK.010/2010 regarding Ownership of Shares and Capitalization of Securities Companies. This measure is in line with the General Principles of the International Organization of Securities Commission (Iosco) which provide that in relation to the developing potential risk borne by securities companies, increase of performance of securities companies needs to be conducted continuously with adherence to the prudence principles, such as the original structure of capitalisation and its maintenance.
November 09 2010