INKRAH Law · Indonesia · Hukum Pasar Modal

Capital Market

Pasar Modal

Undang-Undang No. 8 Tahun 1995

UU No. 8 Tahun 1995, diubah terakhir dengan UU No. 4 Tahun 2023 (Pengembangan dan Penguatan Sektor Keuangan/P2SK).

Bahasa Indonesia

Key Subject Matter

UU No. 8 Tahun 1995 tentang Pasar Modal mengatur penawaran umum, perdagangan efek, lembaga dan profesi penunjang, serta larangan seperti perdagangan orang dalam dan manipulasi pasar. Diperbarui melalui UU No. 4 Tahun 2023 (P2SK).

English (British)

Key Subject Matter

Law No. 8 of 1995 on the Capital Market regulates public offerings, securities trading, supporting institutions and professions, and prohibitions such as insider trading and market manipulation. It was updated by Law No. 4 of 2023 (Financial Sector Development and Strengthening).

INKRAH Note

Supervisory authority now rests with the OJK; read alongside the relevant OJK regulations and exchange rules for the full picture.

Disclaimer: INKRAH Law reproduces the text of legislation for information and educational purposes only, and covers solely statutes made by the legislative and executive branches. The text may contain typographical or translation errors; always verify its authenticity and official version at the JDIH (official legal-documentation portal) of the relevant executive or legislative institution. To confirm whether a regulation is still in force, please visit the relevant institution's official website, and take note of any judicial review granted by the Supreme Court (MA) or the Constitutional Court (MK). English and other foreign translations here are unofficial.
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Article by Article

Ketentuan Umum

Article 1 — Definition of Capital Market

Bahasa Indonesia

Pasar Modal adalah kegiatan yang bersangkutan dengan Penawaran Umum dan perdagangan Efek, Perusahaan Publik yang berkaitan dengan Efek yang diterbitkannya, serta lembaga dan profesi yang berkaitan dengan Efek.

English (British)

The Capital Market is the activity concerned with public offerings and trading of securities, public companies in relation to the securities they issue, and the institutions and professions relating to securities.

Perdagangan Efek

Article 95 — Insider Trading Prohibition

Bahasa Indonesia

Orang dalam dari Emiten atau Perusahaan Publik yang mempunyai informasi orang dalam dilarang melakukan pembelian atau penjualan atas Efek:

a. Emiten atau Perusahaan Publik dimaksud; atau

b. perusahaan lain yang melakukan transaksi dengan Emiten atau Perusahaan Publik yang bersangkutan.

English (British)

An insider of an issuer or public company who possesses inside information is prohibited from buying or selling the securities of:

a. that issuer or public company; or

b. another company that transacts with the issuer or public company concerned.

Penipuan & Manipulasi Pasar

Article 90 — Prohibition of Fraud in Securities Trading

Bahasa Indonesia

Dalam kegiatan perdagangan Efek, setiap Pihak dilarang secara langsung atau tidak langsung:

a. menipu atau mengelabui Pihak lain dengan menggunakan sarana dan/atau cara apa pun;

b. turut serta menipu atau mengelabui Pihak lain; dan

c. membuat pernyataan tidak benar mengenai fakta yang material atau tidak mengungkapkan fakta yang material.

English (British)

In securities-trading activities, any party is prohibited, directly or indirectly, from:

a. deceiving or misleading another party by any means and/or method;

b. taking part in deceiving or misleading another party; and

c. making an untrue statement of a material fact or omitting to disclose a material fact.