It is announced that Indonesia Financial Services Authority has temporarily suspended individual license as Broker-Dealer Representative in the name of Ramos Canlas Binsar based on letter Number S-800/PM.112/2016 dated October 27, 2016 concerning Administrative Sanction In the form of Temporary Suspension of Individual License as Broker-Dealer Representative.

Ramos Canlas Binsar violated provision number 6 letter b Rule Number V.E.1, Attachment of Decision of Chairman of Capital Market  Supervisory Agency Number Kep-29/PM/1996 dated January 17, 1996 concerning Code of Conduct for Securities Companies Acting as Broker-Dealers, which states that Broker-Dealer Representative may not engage in a transaction on behalf of a client without appropriate authorization from the client.

Following the suspension of the Broker-Dealer Representative License, Ramos Canlas Binsar is prohibited from conducting business activity as Broker-Dealer Representative for a period of one year since the letter Number
S-800/PM.112/2016 wasenacted.