DOI: https://doi.org/10.14710/lr.v16i1.30303

Supervisory Role of The Financial Services Authority in Utilizing Equity Crowdfunding in Indonesia

*Irawati Irawati  -  Faculty of Law, Universitas Diponegoro, Indonesia
Open Access Copyright 2020 LAW REFORM under http://creativecommons.org/licenses/by-sa/4.0.

Citation Format:
Abstract

In order to provide legal certainty and protection for those involved in investment in Indonesia, the Financial Services Authority has officially issued regulations relating to the collection of funds through information technology-based stock offers or equity crowdfunding. This article aims to review the role of supervision by the Financial Services Authority and the form of mitigation risks to obstacles and problems in utilizing Equity Crowdfunding in Indonesia. The research method used is normative juridical with, using secondary data which is then analyzed qualitatively. The results showed that the Financial Services Authority in conducting supervision of the use of Equity Crowdfunding can be done off site, or On Site. Risk mitigation must be carried out by the Financial Services Authority both through regulations and concrete steps. In the implementation of risk mitigation, the Financial Services Authority can also involve the Indonesian Fintech Association to address risks in order to provide a sense of security for investors and publishers in the use of the Equity Crowdfunding platform in Indonesia.

Fulltext View|Download
Keywords: Equity Crowdfunding; Supervision; Risk Mitigation

Article Metrics:

Article Info
Section: Articles
Language : EN
Recent articles
Binding Legal Force of Supreme Court Decision over General Election Commission Design of General Election in Indonesia (Un)Blurred Concept of Sovereign Rights at Sea : Implementation Context More recent articles
Most cited articles
PRIVATISASI BADAN USAHA MILIK NEGARA COUNTER TERRORISM BAGI PELAKU TINDAK PIDANA TERORISME SEBAGAI UPAYA PENANGGULANGAN KEJAHATAN TERORISME DI INDONESIA URGENSI REKONSTRUKSI HUKUM E-COMMERCE DI INDONESIA KEBIJAKAN FORMULASI HUKUM PIDANA DALAM MELINDUNGI TRANSAKSI E - COMMERCE DI INDONESIA PENGATURAN KAWASAN KESELAMATAN OPERASI PENERBANGAN : STUDI TENTANG PELAKSANAAN KEWENANGAN PEMERINTAH DAERAH DALAM MENGENDALIKAN PEMBANGUNAN DAN BENDA TUMBUH DI KAWASAN KESELAMATAN OPERASI PENERBANGAN BANDAR UDARA AHMAD YANI SEMARANG More cited articles
  1. Amirudin. (2006). Pengantar Metode Penelitian Hukum. Jakarta: PT.Raja Grafindo Persada
  2. Nicoletti, B. (2017). The Future of Fintech: Integrating Finance and Technology in Financial Service. Switzerland: Springer Nature
  3. Stemler, Abbey R. (2013). The Jobs Act and Crowdfunding: Harnessing the Power and Money of the Masses. Journal of Business Horizons, Vol.56, (No. 3), pp. 271–75
  4. Abdullah, Zaki., & Susamto, Akbar Akhmad. (2019). The Role of Investment-Based Islamic Crowdfunding for Halal MSMEs: Evidence from Indonesia.” Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal Of Islamic Economics), Vol. 11, (No.2), pp. 289–302
  5. Schwienbacher, A. (2019). Equity Crowdfunding : Anything to Celebrate?. Venture Capital (An International Journal of Entrepreneurial Finance), Vol.21, (No.1), pp.65–74
  6. Wan Haniff, Wan Amir Azlan., Ab Halim, Asma Hakimah., & Ismail, Rahmah. (2019). Equity Crowdfunding in Malaysia: Legal and Sharia Challenges. International Journal of Asian Social Science, Vol.9, (No.8), pp.450–460
  7. Chang, Soonpeel E. (2018). Regulation of crowdfunding in indonesia. Law Review, Vol.XVIII, (No.1), pp.41–67
  8. Hutomo, Cindy I. (2019). Layanan urun dana melalui penawaran saham berbasis teknologi informasi (Equity Crwdfunding). Jurnal Perspektif; Kajian Masalah Hukum Dan Pembangunan, Vol.24, (No.2), pp.65–74
  9. Sugiarti, Evy Nur., Diana, Nur., & Mawardi, M. Cholid. (2019). Peran Fintech Dalam Meningkatkan Literasi Keuangan Pada Usaha Mikro Kecil Menengah Di Malang. E-JRA, Vol. 08, (No.4), pp.90–104
  10. Hasan, Rusni., & Zainudin, Ulfah Mansurah. (2016). Legal and regulatory framework for equity crowdfunding in malaysia: an overview. Jurnal Muamalat (My Jurnal ,Malaysian Citation Center), Vol.9, (No. 7), pp.106–120
  11. Aziz, Imam Abdul., Nurwahidin & Chailis, Irwan. (2019). Faktor-Faktor Yang Mempengaruhi Masyarakat Menyalurkan Donasi Melalui Platform Crowdfunding Berbasis Online. Jurnal Syarikah, Vol.5, (No.1), pp.94–108
  12. Safera, I Kadek Ade & Atmadja, Ida Bagus Putra. (2018). Perlindungan Hukum Terhadap Pemodal dalam Kegiatan Equity Crowdfunding . Kerthasemaya, Vol.6, (No.9), pp - 1–13
  13. Indriasari, Alivia., Suryanti, Nyulistiowati., & Afriana, Anita. (2017). Pembiayaan Usaha Mikro, Kecil, Dan Menengah Melalui Situs Crowdfunding “Patungan.Net” Dikaitkan Dengan Undang-Undang Nomor 20 Tahun 2008 Tentang Usaha Mikro, Kecil, Dan Menengah. ACTA DIURNAL Jurnal Hukum Kenotariatan Dan Ke-PPAT-An, Vol.1,(No.1), pp - 87–102
  14. Kuti, Monika., Bedo, Zsolt., & Geiszl, Dorottya. (2017). Equity-based Crowdfunding. Financial and Economic Review, Vol.16, (No.4), pp.187–200
  15. Lin Lin. (2017). Managing the Risk of Equity Crowdfunding Lessons From China. Journal of Corporate Law Studies, Vol.17, (No.2), pp. 327–366
  16. Nitani, Miwako., Riding, Allan., &. He, Beichuan. (2019). On Equity Crowdfunding Investor Rationality and Success Factors. Venture Capital (An International Journal of Entrepreneurial Finance),Vol.21, (No.2–3), pp.243–272
  17. Nugroho, Arief Yuswanto., & Rachmaniyah, Fatichatur. (2019). Fenomena Perkembangan Crowdfunding Di Indonesia. EkoNika (Jurnal Ekonomi Universitas Kediri), Vol.4, (No.1), pp.34–46
  18. Ramadhani, Febrina Nur. (2019). Alternatif Penerapan Akad Mudharabah Berbasis Non Bank. Imanensi (Jurnal Manajemen Ekonomi Dan Akuntansi Islam),Vol. 4, (No.2), pp.9–15
  19. Kleinert,Simon., & Volkmann,Chistine. (2019). Equity Crowdfunding and The Role Of Investor Discussion Boards. Venture Capital (An International Journal of Entrepreneurial Finance), Vol.21, (No.4), pp.327–352
  20. Wati, Cicik Retno., & Agung, Winarno. (2018). The Performance of Crowdfunding Model as an Alternative Funding Source for Micro , Small , and Medium-Scale Businesses in Various Countries.”KnE Social Sciences, vol. 2018, pp . 16–33
  22. Joachim, H. (2014). A Snapshot On Crowdfunding ( Working Paper). Retrieved from Karlsruhe: Franhoufer ISI. http://www.legalefiscale.it
  23. Sari. (2018). Equity Crowdfunding OJK Bisa Melahirkan Alibaba Versi Indonesia. Retrieved from www.Kontan.co.id
  25. Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 13 /Pojk.02/2018 Tentang Inovasi Keuangan Digital Di Sektor Jasa Keuangan
  26. Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 37/POJK.04/2018 Tentang Layanan Urun Dana melalui Penawaran Saham Berbasis Teknologi Informasi (Equity Crowdfunding)

Last update:

  1. Product diversification of katang-katang leaf (Ipomoea pescaprae) as an antimalarial drug

    Imanuel Berly Delvis Kapelle, Shielda Natalia Joris, Natelda Rosaldiah Timisela, Esther Kembauw, Marthinus Johanes Saptenno, Fransisca Kissya. THE 7TH INTERNATIONAL CONFERENCE ON BASIC SCIENCES 2021 (ICBS 2021), 2588 , 2023. doi: 10.1063/5.0113993

  2. Sharia crowdfunding in Indonesia: a regulatory environment perspective

    Muhammad Fazlurrahman Syarif, Ahmet Faruk Aysan. Journal of Science and Technology Policy Management, 2024. doi: 10.1108/JSTPM-07-2023-0108

  3. Analisis Yuridis Peran OJK dalam Melakukan Perlindungan Hukum Korban Pinjaman Online Berdasarkan Peraturan Otoritas Jasa Keuangan Nomor 77/Pojk.1/2016

    Randika Theo Mayrendra, Ahmad Suryono. Journal of Contemporary Law Studies, 1 (1), 2023. doi: 10.47134/lawstudies.v1i1.1948

Last update: 2024-11-20 04:26:17

No citation recorded.