INVESTMENT POLICY BASED ON INDIGENOUS COMMUNITY GROUPS IN BALI Darmayanti Putri, Moh.Faiz, Kartika Jaya, Made Wiryani
UNIVERSITAS MATARAM
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.
Keywords: Capital Market, Investment Policy, Sekaa Teruna
