Following up on MSCI, OJK Capital Market Reform, Data Openness Expanded, to Free Float Increased
JAKARTA - As a follow-up to the input from Morgan Stanley Capital International (MSCI) and as part of the agenda to strengthen the credibility, integrity, and transparency of the national capital market, PT Bursa Efek Indonesia (BEI) together with PT Kustodian Sentral Efek Indonesia (KSEI), under the direction of the Financial Services Authority (OJK), has held an online meeting with MSCI.
During the meeting, a number of strategic initiatives were discussed, including expanding the openness of information on share ownership.
In the future, disclosure of share ownership will not only be limited to ownership of more than 5 percent, but also include ownership of more than 1 percent which will be submitted on a monthly basis to increase market transparency.
Another initiative is the refinement of the classification of investors in the Single Investor Identification (SID) and currently, SID includes nine investor categories.
Through collaboration with market participants, KSEI will add a number of data fields to increase the depth and detail of investor information.
The improvement was carried out by adding 27 subcategories of investor classifications in the Corporate (CP) and Others (OT) types in the SID system.
In addition, the provision regarding the minimum free float will also be increased from the previous 7.5 percent to 15 percent.
This policy is part of efforts to deepen the market and align with eight action plans to accelerate the reform of the integrity of the Indonesian capital market, and will be implemented gradually.
All of these initiatives are targeted to be completed before the end of April 2026. In the future, the IDX and KSEI, with the direction of the OJK, confirm their commitment to continue to maintain timely, proactive, and constructive communication with MSCI.
The steps are expected to significantly increase market transparency and strengthen the competitiveness of the Indonesian capital market on the global stage.