JAKARTA - The Financial Services Authority (OJK) issued a decision letter ordering KSEI and the Indonesia Stock Exchange (IDX) to strengthen stock ownership data in more detail, including for ownership above 1 percent.
This step was installed as a concrete answer to a series of discussions with MSCI, as well as to increase the transparency of the Indonesian capital market.
"We have also issued a decision letter from OJK that will instruct KSEI and the Indonesia Stock Exchange to implement the strengthening of more granular share ownership data on ownership above 1 percent," said Chairman of the OJK Commission Board, Friderica Widyasari Dewi, Friday, February 20.
He added that the mandate was a form of our commitment to increasing transparency in the Indonesian capital market, while stressing that the data would be open to the public through the BEI website.
BEI President Director Jeffrey Hendrik at the same location, confirmed that the repair package was in the final stage.
"The disclosure of 1 percent shareholders and the granularization of data is in the final stage," said Jeffrey.
He said the proposal had also been submitted to global index providers, including MSCI.
OJK emphasizes that data strengthening is not just an administration.
This instrument is to clarify who controls what, while reducing the dark space that has made investors guess.
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