Suspicious transactions in the market negotiation, IDX can report it to the tax office

Suspicious transactions in the market negotiation, IDX can report it to the tax office - BEI starting February 1, 2011 will govern transactions in the market negotiation. BEI intervention would be more on the mechanisms regulating the transaction and not the price scale.

"If the price of the bargaining agreement are beyond the limits of auto rejection, then the Member Exchange (AB) concerned shall report the reason and purpose of the transaction to exchange authority no later than the day following the Stock and deliver information to the public," explains Head of Division PJ Stock Trading Andre Toelle, Tuesday, (18 / 1).

If the Exchange finds indications of irregularities in the transaction, the exchange authorized to inform the tax office. This provision is included in regulation II-A number of trading equity securities.

In addition to the provisions about the report, this new rule also lists the allowed AB to apply for the stock to make a correction or cancellation of transactions which occurred in the marketplace negotiations. As long as they meet the following requirements.

First, the implementation of the correction or cancellation was approved by the AB and AB buy sell. Second, AB submit a correction or cancellation request in writing and received by the stock exchange no later than at 16:05 JATS time.

Third, correction or cancellation of securities transactions may only be made for errors or price volume data and Equity Securities and / or stataus customer ownership.

Fourth, any implementation of the correction or cancellation of securities transactions subject to penalties as determined appropriate exchange policy.

Director of Trade and Exchange Members Settings Wan Wei Yong said the fine amount is still being discussed. "What is the registration fee or a specific quantitative it is being prepared.