The Abridged Prospectus Dissemination for Society in Capital Market Activity in BaliJournal: Academic Research International (Vol.5, No. 3)
Publication Date: 2014-05-15
Authors : Made Wiryani; Sudarsono; R. A. Retno Murni; Sihabudin;
Page : 337-344
Keywords : Abridged prospectus; dissemination; law reconstruction;
Abridged Prospectus was the center issue of this study. It focused on: 1) Why is the Abridged Prospectus announced firmly by the issuer - Chairman Decree BAPEPAM ? LK KEP-122/BL/2009 ineffectively becoming the capital market as people investment? 2) How can the law reconstruction of Abridged Prospectus dissemination be effective in providing the information right for the people in the future? This study applied empirical studies by using socio legal approach and descriptive-qualitative and quantitative techniques. The relevant theories were Law system theory by Lawrence Friedman, Rule Making Institution theory by Robert B. Seidman, Information theory, and Human Right theory. The result showed the influenced factors of ineffective Abridged Prospectus and the most dominant factor was the law substance which had not been harmonized by either national or international rules, such as Human Right Act, UU-ITE, UU-KIP, Public Service Act, ICESCR, and President Decree 23 year 2011 of the Human Right National Action Plan.It was suggested: 1) A requirement to develop the quality of Abridged Prospectus dissemination by law reconstruction. 2) The reconstruction was conducted by harmonizing BAPEPAM-LK IX.A2 with other related regulations to reach the issuers and the people’s equitability.
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