Capital Market Reform is Underway, Continue to Improve Investor Confidence

Jakarta - Capital market reforms continue to be carried out by the Financial Services Authority (OJK) consistently to increase investor confidence. This was stated by the Chairman of the OJK Commission Board, Friderica Widyasari Dewi, in a Media Briefing with international media at the Bakom RI Auditorium, Jakarta, Monday, April 13.

Ongoing reform measures, including strengthening transparency, integrity, and capital market governance, continue to be monitored on an ongoing basis. To increase transparency and align the domestic market with global standards, the Indonesian capital market has now published the names of shareholders with ownership of more than 1 percent.

Through cooperation with the Indonesian Central Securities Depository (KSEI), shareholder data with ownership of more than 1 percent is now disclosed to the public. This information is published every month through the Indonesia Stock Exchange (IDX) website since March 3, 2026.

The second is a more detailed classification of investors from the previous 9 investor categories to 39 types since April 2026. Third, raise the minimum free float threshold from the current 7.5 percent to 15 percent. Effective from March 31, 2026. The fourth is the announcement of shares with high ownership concentration (High Shareholder Concentration/HSC) starting April 2, 2026.

In addition, OJK and IDX have introduced Ultimate Beneficial Owner (UBO) reporting which reveals the ultimate beneficial owner (UBO) alias the party who actually controls a company. This policy is valid starting April 1, 2026.