Establishment

The establishment of BAPMI bear in mined the expectations of Indonesia market players to have a special out-of-court dispute settlement for capital market sector, which will be handled by the expertise, fast, and efficient process, final and binding decision, and meets fairness and justice. Under supporting from the Indonesian Capital Market Supervisory Agency, subsequently Jakarta Stock Exchange (BEJ), Surabaya Stock Exchange (BES), Indonesian Clearing and Guarantee Corporation, and Indonesian Central Securities Depository (KSEI) together with 17 organizations in Indonesian capital market community reached consensus (the Deed Number 14, made by Fathiah Helmy SH) to established an out-of-court dispute settlement institution, namely BAPMI.

BAPMI's Deed of Establishment (the Deed Number 15, made by Fathiah Helmy SH) was signed on 9 August 2002 before the Indonesian Minister of Finance in a ceremony that took place in the Indonesian Department of Finance. By Decision No.: DC-2620 HT.01.03.TH 2002 dated 29 August 2002, the Indonesian Minister of Justice and Human Rights recognizes BAPMI as a legal entity. The recognition published in the State Gazette of the Republic of Indonesia dated 18 October 2002, Number 84/2002, and Supplement to State Gazette Number 5/PN/2002.

During the period of August 2002 to January 2003, BAPMI finalized and released several rules and procedures, appointed some of capital market expertise to be Arbitrators/Mediators, and ratified the Honorary Council. Since then BAPMI has ready to fully operate.