JAKARTA - PT Bursa Efek Indonesia (BEI) reiterated its commitment to follow up on the Action Plan for Accelerating the Reform of the Indonesian Capital Market Integrity and supporting the development and regulation of listed companies.
The Secretary of the Company of the IDX, Kautsar Primadi Nurahmad, said that with the support of the Financial Services Authority (OJK), the IDX is currently adjusting the Exchange Regulation Number I-A concerning the Listing of Shares and Equity-type Securities Other than Shares Issued by Listed Companies.
Kautsar said that the implementation of the adjustment of the regulation is planned to take effect in March 2026.
"The implementation of this regulation adjustment is planned to be carried out in March 2026," he said in his statement, Friday, February 6.
He added that the adjustment of regulations carried out includes a number of important aspects, namely first, market deepening efforts (market deepening) through new policies that increase the minimum limit of free float of listed companies to 15 percent.
According to him, to support the smooth implementation, the Stock Exchange will implement a transition period so that listed companies have adequate adjustment time.
Second, the strengthening of the implementation of corporate governance is carried out through the obligation of continuous education for directors, commissioners, and the audit committee of listed companies.
Third, the governance aspect is also strengthened with the requirement for competence in the field of accounting for directors or officials one level below the board of directors, in order to improve the quality of presentation and openness of the financial statements of listed companies.
Fourth, the improvement in the quality of listed companies is carried out through tightening financial, operational, and governance requirements, so that it is expected to increase investor confidence and confidence.
Meanwhile, the fulfillment of the minimum free float provision of 15 percent will be implemented gradually with the establishment of targets between each phase, accompanied by continuous monitoring and assistance to ensure the achievement of the final target according to the schedule set.
Kautsar said that in order to prepare changes to regulations, the IDX had held a hearing with a number of capital market associations.
This activity was attended by representatives from the Indonesian Stock Exchange Association (APEI), the Indonesian Pension Fund Association (ADPI), the Indonesian Issuers Association (AEI), the Indonesia Corporate Secretary Association (ICSA), the Indonesian General Insurance Association (AAUI), and the Association of Investment Managers (PWMI).
Through the forum, he conveyed that the IDX received various inputs and views that would be considered in the preparation of the draft amendment to the Exchange Regulation Number I-A.
Furthermore, the IDX will also hold a hearing with other stakeholders, including listed companies and exchange members, on February 6, 2026.
"In line with this process, the period for collecting input from market participants will take place on February 4-19, 2026," he said.
Draft Regulation Number I-A can be accessed via https://www.idx.co.id/id/peraturan/rancanganperaturan/.
All stakeholders are invited to provide feedback to ensure that the regulations drafted accommodate the aspirations of all parties concerned.
In terms of operations, the IDX also provides a hot desk as an information and consultation center for stakeholders, especially listed companies, in the process of adjusting policies. The hot desk can be contacted via: [email protected].
He added that these steps are part of the efforts of the IDX to ensure that policy implementation is effective, coordinated, and responsive to market needs, while strengthening market participants' confidence in the commitment to reform and strengthening the governance of the Indonesian capital market.
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