Capital Market and Financial Institutions Supervisory Agency (Indonesian: Badan Pengawas Pasar Modal dan Lembaga Keuangan) (shortly BAPEPAM-LK) is an institution under the Ministry of Finance (Indonesia) tasked with fostering, regulating, and supervising day-to-day capital market activities as well as formulating and implementing policies and technical standardization in the field of financial institutions.
[1] Bapepam-LK was a merger of the Capital Market Supervisory Agency (Bapepam) and the Directorate General of Financial Institutions.
The functions of Bapepam-LK are:[2] Bapepam-LK consisting of 1 Chairman of the Agency and overseeing 1 Secretariat and 12 Technical Bureaus, where the scope of guidance and supervision includes aspects of capital markets, pension funds, insurance, banking and business financing services and venture capital.
c. Authority to approve the establishment of a custodian bank d. The authority to approve the nomination and dismissal of commissioners, directors, and appoint temporary management of stock exchanges, clearing and guarantee institutions, depository and settlement institutions until new commissioners and directors are elected.
e. The authority to examine and investigate each party in the event of a violation of the Capital Markets Law.