Investment Policy Based on Indigenous Community Groups in Bali

DOI

10.2991/978-2-494069-93-0_41How to use a DOI?

Keywords

Capital Market; Investment Policy; Sekaa Teruna

Abstract

This study aims to examines the effectiveness of Local Regulation of Badung Regency Number 3 of 2022 concerning the Implementation of Investment, which is based on local wisdom with the aim of the welfare of the community. In fact, many people who invest through online trading in unofficial institutions suffer losses. This study uses socio legal approach-emperical legal research. Data were analyzed using several theory including theory of The Legal Systems. The results of this study showed that the Article 11 letter a and b stated “Coaching activities are carried out through Socialization, workshop, technical briefing or investment dialogue concerning regular investment, and also consultation in investment”, in its implementation it is not optimal, one of the indigenous community groups, namely Sekaa Teruna, is not included as a participants, as it should be according to Article 2 letter k. Therefore ineffectif because of the legal substance. In the future, the investment policy model, will be a preventive legal protection for investors. Synergy between Local Governments, Regional House of Representatives, Traditional Villages and Stakeholders is needed to harmonize the legal substance with other investment cluster laws, namely Law Number 8 of 1985 concerning the Capital Market and Law Number 21 of 2011 concerning the Financial Services Authority. So investors including Sekaa Teruna will choose digital based invesment in official institutions, because the capital is safe and profits can be realized.

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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TY  - CONF
AU  - Darmayanti Putri
AU  - Moh Faiz
AU  - Kartika Jaya
AU  - Made Wiryani
PY  - 2023
DA  - 2023/01/25
TI  - Investment Policy Based on Indigenous Community Groups in Bali
BT  - Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
PB  - Atlantis Press
SP  - 345
EP  - 352
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-93-0_41
DO  - 10.2991/978-2-494069-93-0_41
ID  - Putri2023
ER  -