Proceedings of the 2nd International Conference on Multidisciplinary Sciences for Humanity in Society 5.0 Era (ICOMSH 2022)

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Influences Of Information Technology Development On The Concept Of Shares Ownership Transfer In Scripless Trading In Indonesia Stock Exchange

Authors
Suratman Suratman1, *
1Faculty of Law, Islamic University of Malang, Mayjen Haryono St., Number 193, Malang, East Java, Indonesia
*Corresponding author. Email: suratmandr@unisma.ac.id
Corresponding Author
Suratman Suratman
Available Online 25 March 2024.
DOI
10.2991/978-2-38476-204-0_21How to use a DOI?
Keywords
Information Technology; Transfer Of Ownership Right To Share; Scripless Trading
Abstract

This research aims to find out the influences of information technology development on the concept of shares ownership transfer in scripless trading and how this scripless trading looks like in the Indonesian Stock Exchange. This research employed a normative research method, statutory and conceptual approach, with also primary, secondary, and tertiary legal materials to support the research data, all of which were analyzed based on descriptive-qualitative analysis technique. The research results came to the following conclusions: (1) the development of information technology (IT) manages to transform jurisprudence especially regarding the concept of transfer of rights of a moveable and intangible object which is more like in the transfer of shares ownership in scripless trading, (2) in the execution of scripless trading, the stock exchange offices serve as the front office fully supported by several institutions backing up transactions going on in the stock exchange, the institutions include Securities Clearing Agency (henceforth LKP) executed by PT Kliring Penjamin Efek Indonesia (henceforth KPEI) and Depository and Settlement Agency (henceforth LPP) executed by PT Kustodian Sentral Efek Indonesia (KSEI), both of which are to assist in scripless trading in a stock exchange.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Multidisciplinary Sciences for Humanity in Society 5.0 Era (ICOMSH 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
25 March 2024
ISBN
978-2-38476-204-0
ISSN
2352-5398
DOI
10.2991/978-2-38476-204-0_21How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Suratman Suratman
PY  - 2024
DA  - 2024/03/25
TI  - Influences Of Information Technology Development On The Concept Of Shares Ownership Transfer In Scripless Trading In Indonesia Stock Exchange
BT  - Proceedings of the 2nd International Conference on Multidisciplinary Sciences for Humanity in Society 5.0 Era (ICOMSH 2022)
PB  - Atlantis Press
SP  - 246
EP  - 255
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-204-0_21
DO  - 10.2991/978-2-38476-204-0_21
ID  - Suratman2024
ER  -