Perlindungan Hukum Bagi Investor Dalam Gagal Serah Transaksi Repurchase Agreement (Repo) Di Indonesia

Saputro, Herdina Kusumasari (2019) Perlindungan Hukum Bagi Investor Dalam Gagal Serah Transaksi Repurchase Agreement (Repo) Di Indonesia. Sarjana thesis, Universitas Brawijaya.

Abstract

Pada Skripsi ini penulis mengangkat permasalahan mengenai Perlindungan Hukum Bagi Investor akibat gagal serah Transaksi Repurchase Agreement (REPO) di Indonesia. Pilihan Judul tersebut diambil berdasarkan banyaknya kasus mengenai sengketa Transaksi REPO merupakan transaksi Jual Beli dengan perjanjian jual kembali pada waktu yang telah di sepakat, perkembangan transaksi REPO di Indonesia selama kurun waktu beberapa tahun terakhir ini banyak terjadi sengketa transaksi REPO di pasar modal. Sengketa REPO memiliki beberapa macam yang salah satunya adalah gagal serah, hal tersebut terjadi lantaran banyak pembeli saham yang menjual kembali saham yang dikuasakan padanya dengan alasan harganya lebih tinggi agar memperoleh keuntungan yang lebih banyak, padahal masih terdapat perjanjian untuk membeli kembali dari pembeli awal, dan kemudian ketika mendekati jatuh tempo penjual tidak dapat menunjukan saham yang ditransaksikan, perkembangan transaksi REPO yang tiap tahun mengalami peningkatan namun tidak diimbangi oleh regulasi serta perlindungan hukum yang jelas membuat para investor utamanya investor asing merasa tidak aman dalam kegiatan bertransaksi dengan adanya kasus terkait pasar modal hal tersebut tentu akan berdampak pada perekonomian Indonesia utamanya di sektor pasar modal. Berdasakan permasalahan tersebut penulis membuat rumusan masalah Bagaimana Perlindungan hukum bagi investor apabila terjadi gagal serah dalam Transaksi REPO di Indonesia ?, penelitian penulis ini merupakan penelitian yang bersifat yuridis normatif , dalam penelitian ini penulis menggunkan metode pendekatan perundang- undangan dan metode pendekatan case approach dari hasil penelitian tersebut penulis memperoleh suatu kesimpulan dan jawaban bahwa dalam transaksi REPO terdapat kekaburan peraturan yang mengharuskan penerima efek untuk menyimpan efek yang masih terdapat dalam perjanjian sehingga penerima efek dapat menjual efek yang masih ada dalam perjanjian, untuk investor disarankan ketika hendak membeli efek menggunakan mekanisme due dilligence/uji tuntas untuk mengetahui apakah efek tersebut masih terikat perjanjian dan untuk meminimalisir terjadinya sengketa di kemudian hari, serta adanya pengetatan pengawasan dari pihak KPEI untuk menjamin transaksi REPO yang di transaksikan benar adanya sehingga tidak ada pihak yang di rugikan.

English Abstract

In this thesis the author take the issue of Legal Protection for Investors due to failing to deliver Repurchase Agreement (REPO) Transactions in Indonesia. The title choice was taken based on the cases regarding REPO Transaction disputes, which were sale and purchase transactions with a resale agreement at the time that had been agreed, the development of REPO transactions in Indonesia over the past few years there were many REPO transaction disputes in the capital market. REPO disputes have several types, one of it is failure to deliver, this happens because many share buyers sell back stock that are authorized to him on the grounds that the price is higher in order to obtain more profits, even though there are still agreements to buy back from the initial buyer, and then when approaching maturity the seller cannot show the shares being traded, REPO Transactions in the Indonesian Capital Market have many enthusiasts, the development of REPO transactions which every year has increased but not balanced by regulations and legal protection which clearly makes investors especially foreign investors feel they are not safe in transaction activities, the Capital Market is one indicator of the progress of the Indonesian economy, with the existence of cases related to the capital market this will certainly have an impact on the Indonesian economy, especially in the capital market sector. Based on these problems the authors formulate a problem How is legal protection for investors in the event of failure to deliver in REPO Transactions in Indonesia ?, This author's research is a normative juridical research, in this study the author uses the method of legislative approach and the method of approach approach where Legal issues that force writers are analyzed based on the articles contained in the relevant laws and regulations and are based on case studies, from the results of the study the authors obtained a conclusion and answer that there is no regulation in the REPO transaction that requires the securities recipient to store securities that are still present in the agreement so that the recipient of the securities can sell securities that are still in the agreement, but the recipient of the securities must prepare an effect that is identical to the one contained in the agreement at the time of maturity, and for investors advised when they want buying securities using a due dilligence / due diligence mechanism to determine whether the effect is still bound by the agreement and to minimize the occurrence of future disputes, as well as tightening supervision from KPEI to ensure the REPO transactions transacted are true so that no party is harmed.

Item Type: Thesis (Sarjana)
Identification Number: SKR/FH/2019/85/051902763
Uncontrolled Keywords: Perlindungan Hukum, Transaksi REPO, Bursa Efek / Legal Protection, REPO Transactions, Stock Exchange
Subjects: 300 Social sciences > 346 Private law > 346.09 Investment and negotiable instruments > 346.092 Investment
Divisions: Fakultas Hukum > Ilmu Hukum
Depositing User: Endang Susworini
Date Deposited: 21 Jun 2020 04:21
Last Modified: 07 Oct 2020 04:56
URI: http://repository.ub.ac.id/id/eprint/169273
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