Financial Services Authority Regulation Number 53/POJK.04/2020 Regarding Securities Accounts with Custodians

COPY
FINANCIAL SERVICES AUTHORITY REGULATION
NUMBER 53/POJK.04/2020
REGARDING
SECURITIES ACCOUNTS WITH CUSTODIANS
BY THE GRACE OF GOD THE ALMIGHTY
THE BOARD OF COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY, Considering:
a. that with the enactment of Law Number 21 of 2011 concerning the Financial Services Authority, since December 31, 2012, the functions, duties, and authority for regulation and supervision of financial services activities in the capital market sector, including regulation regarding securities accounts with custodians, have been transferred from the Capital Market Supervisory Agency and Financial Institutions to the Financial Services Authority; b. that to provide clarity and certainty regarding the regulation of securities accounts with custodians, existing capital market sector regulations regarding securities accounts with custodians issued prior to the establishment of the Financial Services Authority need to be changed into a Financial Services Authority Regulation; FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA

c. that based on the considerations referred to in letters a and b, it is necessary to establish a Financial Services Authority Regulation regarding Securities Accounts with Custodians;
Recalling:

1. Law Number 8 of 1995 concerning the Capital Market (State Gazette of the Republic of Indonesia Year 1995 Number 64, Supplement to the State Gazette of the Republic of Indonesia Number 3608);
2. Law Number 21 of 2011 concerning the Financial Services Authority (State Gazette of the Republic of Indonesia Year 2011 Number 111, Supplement to the State Gazette of the Republic of Indonesia Number 5253);
   DECIDING:
   Establishing: FINANCIAL SERVICES AUTHORITY REGULATION REGARDING SECURITIES ACCOUNTS WITH CUSTODIANS.

CHAPTER I
GENERAL PROVISIONS
Article 1
In this Financial Services Authority Regulation, the following definitions apply:

1. Securities are securities instruments, namely debt acknowledgment instruments, commercial paper, shares, bonds, debt certificates, Unit Participation in Collective Investment Contracts, futures contracts over Securities, and any derivatives of Securities.
2. Party refers to an individual, company, joint venture, association, or organized group.
3. Custodian is a Party that provides services for the safekeeping of Securities and other assets related to Securities, as well as other services, including receiving dividends, interest, and other rights, settling Securities transactions, and representing account holders who are its clients.
4. Collective Custody is the safekeeping service for Securities owned jointly by more than one Party, whose interests are represented by the Custodian.
5. Securities Company is a Party that conducts business activities as an underwriter of Securities, securities broker, and/or investment manager.
6. Custodian Bank is a general bank that has received approval from the Financial Services Authority to conduct business activities as a Custodian.
7. Issuer is a Party that conducts a public offering.
8. Beneficial Ownership of Securities is the right of the Securities account holder to certain benefits related to Securities recorded in Collective Custody in the Securities account with the Securities Company, Custodian Bank, or Clearing and Settlement Institution, arising from the Securities account contract between the account holder and the Custodian, Law Number 8 of 1995 concerning the Capital Market, and its implementing regulations, including this regulation.
9. Registered Ownership of Securities is the right of the Securities holder against the Issuer of such Securities related to Securities registered in the Issuer's books in the name of the Securities holder.
10. Safekeeping Account is a type of Securities account with a Custodian intended to store Securities that are not included in Collective Custody, which can be withdrawn or transferred in their original form at any time according to the account holder's order.

CHAPTER II
EVIDENCE OF BENEFICIAL OWNERSHIP OF SECURITIES
Article 2
Securities recorded in the Securities account with the Custodian in Collective Custody may take the following forms:
a. registered certificates in the name of a specific Party, provided the Custodian has the authority to sell or transfer such Securities in another manner and register such Securities in the name of another Party; b. certificates registered in the name of the Custodian;
c. bearer certificates;
d. Securities to be received by the Custodian from another Custodian's Securities account in the name of the said Custodian; e. Securities to be received by the Custodian from the Issuer or the Securities Administration Office; f. Securities to be received by the Custodian from the clearing and guarantee institution; g. Securities to be received by the Custodian from another Securities Company; h. Securities lent by the Custodian at the request or with the approval of the Securities account holder;
i. Securities to be received by the Custodian from another Securities account holder with the same Custodian;
j. Securities to be received by the Custodian from other Parties; and k. Securities that must be replaced by the Custodian, lost, or represent the difference between the Securities balance and the physical calculation.

Article 3
Evidence of Beneficial Ownership of Securities must be provided by the Custodian to the Securities account holder in the form of written confirmation.

Article 4
The transfer of Beneficial Ownership of Securities must be recorded by debiting and crediting the Securities account with the Custodian and confirmed to the Securities account holder by providing:
a. confirmation of purchase or sale of Securities; b. receipt of storage of Securities into the Securities account;
c. confirmation of receipt or delivery of Securities;
d. monthly Securities account report regarding debits and credits in the Securities account; or e. other documents issued by the Custodian related to debits and credits in the Securities account, including electronic confirmations.

Article 5
Beneficial Ownership of Securities in the Securities account can be proven from the Issuer's announcement regarding the distribution of rights to Registered Ownership of Securities, if the relevant Securities are recorded in the Securities account on a specific date, such as:
a. distribution of bonus shares or stock dividends; b. consolidation or splitting of shares;
c. distribution of pre-emptive rights;
d. payment of bond maturity or conversion of Securities; or e. distribution of other rights.

Article 6
In the event of a dispute between the account holder and the Custodian regarding the balance in the Securities account, such dispute must be resolved based on available evidence, including but not limited to:
a. the Securities account report and confirmations sent by the Custodian to the account holder; b. the Custodian's books and records, with the provisions that:

1. the Custodian's books and records must be in the form specified in the Financial Services Authority Regulation; and
2. the Custodian's books and records must be supported by an internal control system as determined in the Financial Services Authority Regulation;
   c. the account holder's books and records;
   d. recordings of conversations between the Custodian's representative and the account holder; e. statements and official announcements of the Issuer; f. records and documents of the Custodian, the Clearing and Settlement Institution, the Clearing and Guarantee Institution, and the Stock Exchange; and g. testimony from specific Parties.

CHAPTER III
REGISTRATION OF SECURITIES IN THE NAME OF THE CUSTODIAN
Article 7
Registration of Securities in the name of the Custodian as a representative of the account holder may be accompanied by information regarding the citizenship and tax status of the account holders.

Article 8
Shares registered in the name of the Custodian as a representative of the founding shareholders must be treated by the Issuer as shares owned by the founding shareholders.

Article 9
In determining citizenship, tax status, identity, and other information regarding account holders represented by the Custodian, the Issuer and the Securities Administration Office must base their actions on a written statement from such Custodian.

CHAPTER IV
FUNGIBILITY OF SECURITIES
Article 10
(1) Securities recorded in the Securities account with the Custodian are considered Securities in Collective Custody.
(2) Securities in Collective Custody are considered fungible.
(3) In the event of an Issuer's action related to Securities that generates benefits or costs for specific Securities in Collective Custody but does not apply to all similar Securities, such benefits and/or costs must be distributed and/or borne proportionally based on the Beneficial Ownership of such Securities with the Custodian.

Article 11
Account holders may assert that specific Securities are non-fungible Securities with the following provisions:
a. such Securities are stored in a separate Safekeeping Account from the Securities account based on the account holder's instruction; and b. Securities intended as non-fungible Securities must be asserted in the confirmation by the Custodian to the account holder at the time such Securities are recorded in the Safekeeping Account.

Article 12
This regulation only applies to Securities in Collective Custody.

CHAPTER V
RIGHTS AND OBLIGATIONS OF SECURITIES ACCOUNT HOLDERS
Article 13
The rights and obligations of account holders are determined in the written account opening contract between the account holder and the Custodian.

Article 14
Beneficial Ownership of Securities includes the right to claim against the Custodian to:
a. deliver Securities certificates recorded in the Securities account to be in the name of the account holder within 7 (seven) working days since the request for delivery of Securities is received by the Custodian, except:

1. such Securities are only issued in bearer form;
2. the Issuer has suspended the delivery and issuance services of Securities;
3. the account holder still has obligations to the Custodian exceeding a certain value determined in the Securities account contract and/or Financial Services Authority Regulation; or
4. such Securities are seized or pledged for a debt obligation to another Party;
   b. transfer Securities from one account to another Securities account with the same Custodian on the same day, except:
5. such Securities are physically stored in the Securities account for less than 7 (seven) working days; or
6. such Securities are seized or pledged in any form;
   c. record in the Securities account rights related to Securities, including cash dividends, bonus shares, pre-emptive rights, and stock dividends, with the following provisions:
7. such Securities must be recorded in the Securities account on the same date as the date set by the Issuer as the record date for determining Parties entitled to receive such rights;
8. the number of rights recorded in the Securities account is the gross amount minus taxes that should be borne by the account holder if the account holder is the registered holder of such Securities; and
9. the recording date for the exercise of such rights is the same as the date of the first payment of such rights to Parties registered as owners of Securities or to Parties holding bearer Securities;
   d. record net sales proceeds of Securities into the Securities account with the Securities Company on the settlement date determined in advance by the Securities Company for the said sales transaction; e. record the purchase of Securities into the Securities account with the Securities Company on the settlement date determined in advance by the Securities Company for the said purchase transaction; f. record Securities obtained from the exercise of pre-emptive rights or warrant-related rights, on the date of exercise of such rights according to the account holder's instruction and considering the adequacy of funds in the Securities account to exercise such rights; g. record Securities obtained from the exercise of conversion rights, at the time such rights are exercised according to the account holder's instruction; h. provide the account holder with annual reports and other documents distributed by the Issuer to Securities holders no later than 2 (two) working days after such documents are received by the Custodian;
   i. provide the account holder with written announcements regarding rights distribution and shareholders' meetings within no more than 1 (one) day since such information is announced by the Issuer;
   j. deliver or send documents issued by the Issuer confirming the account holder's right to attend and vote in the general meeting of shareholders within no later than 3 (three) working days before the implementation of such meeting, with the provision that the instruction to register such documents is submitted by the account holder to the Custodian no later than 2 (two) working days before the date set by the Issuer to determine account holders eligible to attend the meeting; k. provide monthly reports showing all entries into the Securities account and the position of Securities and funds at the end of the relevant month, within no longer than the tenth day of the following month; and
   l. provide reports showing the position of Securities and funds in the Securities account, and/or copies of monthly reports upon request at any time.

Article 15
Securities recorded in the Securities account are not the property of the Custodian; therefore, such Securities cannot be taken or seized by the Custodian's creditors.

Article 16
(1) In the event that the Custodian is liquidated due to bankruptcy or dissolution, the liquidator must return Securities recorded in the Securities account to the respective account holder, with the following provisions:
a. Securities in the name of Parties other than the account holder must be registered in the name of the account holder; b. Securities that are still claims from other parties must be claimed and registered in the name of the account holder;
c. Securities that are doubtful claims from other Parties or Securities that are lost, fake, damaged, or for any other reason cannot be used must be replaced by purchasing similar Securities and registered in the name of the account holder at the cost of the Custodian, the payment of which is taken from:

1. funds in a special account registered in the name of the Custodian for the interest (qq) of account holders, which must be maintained in accordance with Financial Services Authority Regulation, in the event that such Custodian is a Securities Company;
2. insurance claim payments related to the said risks for the interest of account holders; or
3. the sale of other assets owned by the Custodian; and
   d. in the event that the Securities account holder has a debit balance in the Securities account or a Short Position, the liquidator must use any Securities or other assets in the Securities account to settle the account holder's obligations to the Custodian before the Custodian returns Securities or other assets to the account owner. (2) In the event that the Custodian's assets are insufficient to guarantee that all Securities in the Securities account can be returned to the account holder, the liquidator must distribute Securities in Collective Custody to account holders proportionally based on the value of each account, after non-fungible Securities are returned.

Article 17
In the event that there is no instruction from the account holder stating otherwise, the Custodian must maintain the confidentiality of the account holder's identity, except for informing the Issuer about the tax status and citizenship of the account holder or as otherwise determined in applicable regulations.

CHAPTER VI
RIGHTS AND OBLIGATIONS OF CUSTODIANS
Article 18
The Custodian has the right to claim damages arising from the actions of the account holder and/or cancel the recording of Securities into the Securities account, with the provisions that:
a. in the event of errors in recording Securities and/or funds into the Securities account, the Custodian must correct such errors by notifying the account holder; and b. in the event that Securities recorded in the Securities account are fake, lost, stolen, or obtained through illegal means, the Custodian has the right to cancel the recording of such Securities, and if such Securities have been stored in the Securities account by the account holder and subsequently transferred out of the Securities account, the Custodian has the right to claim damages (if there is a claim for damages) from the account holder.

Article 19
(1) Securities Companies and Custodian Banks must insure Securities accounts against risks of losses to account holders in the event that such companies go bankrupt.
(2) Directors and commissioners of Securities Companies and Custodian Banks must issue a statement at the end of each year stating that such Securities Company and Custodian Bank have insurance policies as referred to in paragraph (1) for the interest of account holders, and such statements must disclose material matters regarding the insurance. (3) Copies of statements as referred to in paragraph (2) must be displayed in an easily visible place at the marketing offices of Securities Companies or Custodian Banks and must be sent to all Securities account holders at the end of each year.

CHAPTER VII
LIABILITY FOR SECURITIES DELIVERED
Article 20
(1) Parties who input and store Securities into the Securities account are responsible to the Custodian for the authenticity of such Securities.
(2) The Custodian must be responsible for the authenticity of Securities delivered to other Parties, both physically and through book transfers.
(3) Issuers who register Securities in the name of the Custodian as a representative of the Securities account holder or issue confirmations of the authenticity of specific Securities certificates must be responsible for the authenticity of such Securities.

Article 21
Registration of Securities or confirmation of the authenticity of Securities certificates by the Issuer must be carried out with the following provisions:
a. the Issuer may appoint a Securities Administration Office to conduct registration or confirmation of the authenticity of Securities certificates and other activities as the Issuer's representative, but the Issuer remains responsible for all such activities; b. requests for registration of Securities in the name of the Custodian or other Parties, or requests for confirmation of the authenticity of Securities certificates, must be resolved by the Issuer within 5 (five) working days since the request is received by the Issuer;
c. confirmation of the authenticity of Securities certificates must be made in the form of embossed stamps or in the form of documents with high security systems permanently attached to the Securities certificates;
d. the Issuer must reject requests for registration of Securities or confirmation of the authenticity of Securities certificates submitted to it if the Issuer finds that such Securities are pledged, seized, fake, reported lost or stolen, or for any other reason according to law, the registration of Securities or confirmation of the authenticity of such Securities certificates cannot be implemented, and such rejection must be submitted in writing, including the relevant Securities certificates, to the applicant no later than 5 (five) working days since the request is received by the Issuer, providing reasons for rejection; e. letters of rejection for registration of Securities or confirmation of the authenticity of Securities certificates as referred to in letter d must be signed by the Issuer or the Securities Administration Office appointed by the Issuer; f. in the event that the reasons for rejection involve or relate to criminal acts such as embezzlement, theft, or forgery, a copy of the rejection letter must be submitted to the Financial Services Authority; and g. in the event of negligence or insufficient internal controls or security in processing, issuing, or storing Securities, resulting in the loss of Securities or errors in the issuance of Securities, including the issuance of Securities exceeding the correct amount, the Issuer must immediately take action to resolve such issues, including purchasing and canceling Securities that should not have been issued or replacing such Securities with similar Securities obtained through purchase and then delivered to the respective Securities holder.

CHAPTER VIII
ABSOLUTE CONFIRMATION OF DELIVERY OF SECURITIES AGAINST PAYMENT
Article 22
Account holders have the right to instruct the Custodian to issue and implement absolute confirmation of delivery of Securities against payment, unless otherwise determined in the account opening agreement, with the following provisions:
a. such confirmation must be issued by the Custodian for Securities Companies that are Members of the Stock Exchange; b. such confirmation is an order from the account holder to the Custodian to deliver or receive Securities against payment, in connection with transactions executed by the Securities Company within certain price limits;
c. such confirmation can only be used by the Securities Company designated by the account holder for a specific period of no less than 7 (seven) days, with the following provisions:

1. the order from the Securities Company to the Custodian to realize such Confirmation must be done in writing or through electronic media and given a receipt timestamp; or
2. the transfer of Securities and/or funds from one Securities account to another Securities account with the same Custodian is considered to have occurred at the same time as the receipt of the order from the Securities Company as referred to in sub-item 1, unless if the Securities and/or funds are insufficient or for any other reason such Securities and/or funds cannot be freely transferred;
   d. the Custodian must be responsible for losses to the account holder arising from the Custodian's unjustified refusal to issue or delay issuing such confirmation; e. Based on the order received from the account holder, the Custodian may confirm to the Securities Company and the account holder that:
3. the account holder has sufficient Securities or funds in the Securities account to execute such confirmation and such confirmation can be used by the Securities Company at any time within the specified period;
4. the Custodian is responsible for executing such confirmation, which cannot be changed or canceled during the specified period;
5. the value to be received or paid in the execution of such confirmation is based on stock exchange transactions at the same or better price than the price determined in such confirmation;
6. the stock exchange transaction confirmation issued by the Securities Company is evidence of the determination of the monetary value to be received or paid;
7. the Securities Company may add or deduct commissions or other fees from the amount to be paid or received in connection with the stock exchange transaction;
8. in the execution of such confirmation, the Custodian must transfer Securities or funds to the Securities account or other Securities accounts according to the order of the Securities Company;
9. the Custodian is prohibited from charging fees to the Securities Company for services related to the execution of such confirmation;
10. the Custodian must confirm in writing that such Custodian will fulfill or not fulfill the order from the account holder

to issue such Confirmation, with the following provisions:

a) if the order is received before 14:00 Western Indonesian Time (WIB), written confirmation must be submitted no later than two hours after the order is received; and b) if the order is received after 14:00 WIB, such written confirmation must be submitted no later than 09:30 WIB on the next working day;

9. A Custodian may refuse an order to issue such Confirmation, if:
   a) at the time the order is received, the Account Holder does not have sufficient Long Position in Securities or funds in the Securities Account; b) the relevant Securities have been recorded in the Securities Account in certificate form for less than the last 7 (seven) working days; c) the relevant Securities are blocked or pledged; or d) there is a written order from the Stock Exchange or the Financial Services Authority prohibiting trading in certain Securities or prohibiting a specific Brokerage Company from conducting transactions;

f. Transfer of Securities from one Securities Account to another Securities Account at the same Custodian in the course of implementing such Confirmation is considered as full settlement of such Confirmation; g. issuance of such Confirmation does not oblige the Brokerage Company to execute Securities Transactions; h. The Custodian is liable for losses suffered by the designated Brokerage Company in such Confirmation, including losses related to replacement funds for Stock Exchange settlement, if such losses are caused by the Custodian:

1. refusing without valid reason, wholly or partially, or failing to fulfill such Confirmation correctly and on time; or
2. delaying or incorrectly executing the Brokerage Company's order to deliver Securities or funds in the context of settling such Confirmation to a specific Securities Account at the Custodian via transfer;

i. such Confirmation must be in written form accompanied by authenticity verification and issued by the Custodian using the following procedures:

1. Confirmation notification must be sent electronically by the Custodian to the Brokerage Company and the Account Holder; and
2. the method that can be used by the Brokerage Company to verify the authenticity of the Custodian's Confirmation must be explained in writing by the Custodian to all members of the Stock Exchange; and
   j. Confirmations not used by the Brokerage Company within the specified period become expired.

CHAPTER IX
ADMINISTRATIVE SANCTIONS
Article 23
(1) Any party who violates the provisions as referred to in Article 3, Article 4, Article 6, Article 8, Article 9, Article 10 paragraph (3), Article 11 letter b, Article 16, Article 17, Article 19, Article 20, Article 21, and Article 22 letter a, letter c number 1, letter d, letter e, letter h, and letter i shall be subject to administrative sanctions.

(2) Sanctions as referred to in paragraph (1) shall also be imposed on Parties who cause the occurrence of violations as referred to in paragraph (1).
(3) Sanctions as referred to in paragraph (1) and paragraph (2) shall be imposed by the Financial Services Authority.
(4) Administrative sanctions as referred to in paragraph (1) consist of:
a. written warning; b. fines, namely the obligation to pay a certain amount of money;
c. restriction of business activities;
d. suspension of business activities; e. revocation of business licenses; f. cancellation of approvals; and/or g. cancellation of registration.
(5) Administrative sanctions as referred to in paragraph (4) letters b, c, d, e, f, or g may be imposed with or without being preceded by the imposition of administrative sanctions in the form of a written warning as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of fines as referred to in paragraph (4) letter b may be imposed separately or together with the imposition of administrative sanctions as referred to in paragraph (4) letters c, d, e, f, or g. (7) The procedure for imposing sanctions as referred to in paragraph (3) shall be implemented in accordance with applicable legislation.

Article 24
In addition to administrative sanctions as referred to in Article 23 paragraph (4), the Financial Services Authority may take specific actions against any party who violates the provisions of this Financial Services Authority Regulation.

Article 25
The Financial Services Authority may announce the imposition of administrative sanctions as referred to in Article 24 paragraph (4) and specific actions as referred to in Article 25 to the public.

CHAPTER X
CLOSING PROVISIONS
Article 26
Upon the commencement of this Financial Services Authority Regulation, the Decision of the Head of the Capital Market Supervisory Agency Number Kep-48/PM/1997 dated December 26, 1997 concerning Securities Accounts at Custodians, along with Regulation Number VI.A.3 which serves as its attachment, is revoked and declared invalid.

Article 27
This Financial Services Authority Regulation comes into force on the date it is promulgated.

This copy corresponds to the original
Director of Law 1
Legal Department signed
Mufli Asmawidjaja

To ensure everyone knows, ordering the promulgation of this Financial Services Authority Regulation by placing it in the State Gazette of the Republic of Indonesia.
Determined in Jakarta on December 3, 2020
CHAIRMAN OF THE COMMISSIONERS BOARD
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed
WIMBOH SANTOSO

Promulgated in Jakarta on December 11, 2020
MINISTER OF LAW AND HUMAN RIGHTS
REPUBLIC OF INDONESIA, signed
YASONNA H. LAOLY
STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2020 NUMBER 277

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
NUMBER 53 /POJK.04/2020
CONCERNING
SECURITIES ACCOUNTS AT CUSTODIANS

I. GENERAL
That since December 31, 2012, the functions, duties, and authorities for regulating and supervising financial services activities in the capital market, insurance, pension funds, financing institutions, and other financial service institutions have shifted from the Minister of Finance and the Capital Market and Financial Institution Supervisory Agency to the Financial Services Authority.

In light of the above, it is necessary to restructure existing regulations, particularly those related to the capital market sector, by converting Capital Market and Financial Institution Supervisory Agency regulations related to the capital market into Financial Services Authority regulations. This restructuring is carried out so that there are Financial Services Authority regulations regarding the capital market sector that are consistent with Financial Services Authority regulations in other sectors.

Based on the background thinking and aspects mentioned, it is necessary to replace the existing legislation in the capital market sector regulating Securities Accounts at Custodians, namely the Decision of the Head of the Capital Market Supervisory Agency Number Kep-48/PM/1997 dated December 26, 1997 concerning Securities Accounts at Custodians along with Regulation Number VI.A.3 which serves as its attachment, into a Financial Services Authority Regulation concerning Securities Accounts at Custodians.

II. ARTICLE BY ARTICLE
Article 1
Quite clear.
Article 2
Quite clear.
Article 3
Quite clear.
Article 4
Quite clear.
Article 5
Quite clear.
Article 6
Quite clear.
Article 7
Quite clear.
Article 8
Quite clear.
Article 9
Quite clear.
Article 10
Quite clear.
Article 11
Quite clear.

Article 12
Quite clear.
Article 13
Quite clear.
Article 14
Quite clear.
Article 15
Quite clear.
Article 16
Quite clear.
Article 17
Quite clear.
Article 18
Quite clear.
Article 19
Quite clear.
Article 20
Quite clear.
Article 21
Quite clear.
Article 22
Quite clear.
Article 23
Quite clear.
Article 24
What is meant by "specific actions" includes among other things actions by the Financial Services Authority ordering the Custodian to improve standard operating procedures.
Article 25
Quite clear.
Article 26
Quite clear.
Article 27
Quite clear.
SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 6590