Blueprint for stock mart

Blueprint for stock mart

JAKARTA (JP): The Capital Market Supervisory Agency is
scheduled to announce today a five-year stock market development
blueprint.

The agency's chairman, I Gede Putu Ary Suta, said yesterday
that the blueprint will cover all strategies to develop local
capital markets within the next five years.

"Maybe some parties consider the presence of this blueprint as
too late. However, it is important to note that we have tried our
best to initiate the drafting of this blueprint to implement the
1995 capital market law," Putu announced after speaking at a
seminar.

He explained that the blueprint is aimed at encouraging
securities companies to invest in the infrastructure to better
serve their customers.

The blueprint is also to encourage securities firms to provide
services with a high level of security to build investors'
confidence in the local stock exchanges.

In addition, it is to ensure that all parties on the stock
exchanges, especially the share issuers, comply with the
principles of disclosure.

It is also to ensure consistent law enforcement on capital
market rules to protect investors and those who are actively
involved in stock market-related activities. (rid)