DISCUSSIONS between the Capital Market & Financial Institutions Supervisory Agency (Bapepam-LK) with the Indonesian Mutual Fund Managers Association (APRDI) on Thursday of last week weren’t without bumps. On several points, Bapepam stuck to its position, “forcing” the association to follow its lead. On other items, it was the association that was asked to review its thoughts.

The meeting discussed the draft on Client Fund Management based