LONDON: Indonesia Stock Exchange management PT Bursa Efek Indonesia and its custodian and settlement-clearing houses PT Kustodian Sentral Efek and PT Kliring Penjaminan Efek Indonesia will raise IDR90 billion in initial capital to be used as an investors' protection fund.The three self-regulatory organizations expect to gradually reach the targeted amount of fund in 2013, said Friderica Widyasari Dewi, the stock exchange's head of business development unit.So, this year, we will collect IDR10 billion and further increase it by next year and the years after, she told Bisnis yesterday.However, the plan to establish an investors' protection fund depends on whether the proposed amendment bill of the 1995 capital market law is passed by parliament. The deliberations of the proposed bill at the parliament is expected to complete this year.At the end of this week, IDX is scheduled to meet the investors protection fund authority in US to get their views as Indonesia plans to hire a consultant to work on the establishment of the investors' protection fund here.This week, IDX will also meet Security Investor Protection Corp that has experience in the investors fund warranty. (t02/msw)

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