| Summary: | Self Regulatory Organization (SRO) and Financial Service Authority in Indonesian (OJK) developed a system that can surveillance the securities transactions and expedite the settlement process in the capital market. The surveillance system is Single Investor Identity (SID). SID number given to every customer in Indonesian Capital Market. It must be included in any transactions made by investors at Jakarta Automated Trading System (JATS).
This research is empirically examines normative legislation through literature study and collected data through the implementation of the field study. The data were analyzed qualitatively and the result served in a analyzed descriptive.
This results showed that the use of SID in securities transaction is complementary the surveillance system that has been there. It can help SRO and OJK to monitoring securities transaction to the customer level. SID can�t be used to the fullest because there are legal issues that need to be resolved such as the existence of beneficial owner, double SID, invalid trading id, bulking order, and supporting regulatory are out of sync.
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