Profile
History

History & Profile of APEI

The Indonesia Securities Companies Association (APEI) was established based on a shared awareness among several directors of Securities Companies (Broker-Dealers). They felt called to support national development and maintain the sustainability of the national economy through a developed, advanced, and high-quality Indonesian capital market.

APEI represents a merger of several capital market associations whose previous memberships comprised both individuals and corporations. This consolidation was realized through a series of intensive meetings and discussions, culminating in a historic joint agreement during a meeting on November 4, 1995, at the Shangri-La Hotel, Jakarta, where all participating associations agreed to unite into a single entity.

To formalize this consensus, on November 4, 1995, a Memorandum of Agreement was signed in the meeting room of the Capital Market Supervisory Agency (Bapepam) and witnessed directly by the Chairman of Bapepam. The signatories—the Indonesia Securities Companies Association, the Indonesia Underwriters Association, and the Indonesia Investment Managers Association—agreed to merge under the umbrella of the Indonesia Securities Companies Association (ASPERINDO), which subsequently adopted the acronym APEI. Currently, APEI comprises 109 member Securities Companies.

Rights & Obligations of APEI Members

1. Each Member of the Association possesses equal rights and obligations.
2. Members of the Association hold the following rights:
   1. The right to vote and speak, provided that the Member has fulfilled all outstanding financial obligations to the Association.
   2. The right to vote and be elected to the Management Board or other executive bodies, provided that the Member has fulfilled all outstanding financial obligations.
   3. The right to elect Supervisors and members of the Honorary Council.
   4. The right to submit opinions, feedback, or recommendations, either orally or in writing.
   5. The right to obtain regular information regarding the Association's activities.
   6. The right to attend meetings, seminars, and other events organized by the Association.
   7. The right to receive administrative services, professional consultation, and mediation from the Association.
3. Every Member of the Association is obligated to:
   1. Pay the initial membership registration fee, periodic dues, and any other financial obligations determined by the Management Meeting.
   2. Comply with and uphold the Articles of Association, Bylaws, Code of Ethics, internal rules, and all decisions ratified during the General Meeting of Members.
   3. Uphold, protect, and maintain the good reputation of the Association.
   4. Proactively support the execution of the Association's programs to foster growth in the capital market industry.
4. Suspension of Member Rights applies if:
   1. A Member receives disciplinary sanctions from the Stock Exchange in the form of a membership suspension, and/or regulatory sanctions from the Financial Services Authority (OJK) in the form of a business license suspension. The Member's rights will be automatically restored once such suspensions are officially lifted.
   2. A Member is penalized for violations against the Association's Code of Ethics. Member rights will be fully reinstated upon the revocation or completion of the ethical sanction.

Objective of the Association

"The Association aims to build a sound, ideal, social, and resilient securities industry to support the strategic growth of the Indonesian Capital Market."

Scope of Activities