JAKARTA - PT Bursa Efek Indonesia (BEI) has released the latest report from MSCI regarding the evaluation of the free float of Indonesian stocks released on Monday, April 20.
The interim Director of the Indonesian Stock Exchange, Jeffrey Hendrik, said that his party had met with MSCI on April 16, 2026 to discuss the latest developments in the Indonesian capital market.
"We appreciate that the 4 proposals that we have delivered have been acknowledged by MSCI," he said in an official statement, Tuesday, April 21.
Furthermore, Jeffrey emphasized that the IDX will continue to maintain communication with MSCI as a global index provider, as well as strengthen coordination with international investors to collect various inputs to strengthen the capital market in the future.
"We will continue to communicate with index providers. We will also continue to communicate with global investors to obtain input for strengthening the capital market in the future," said Jeffrey.
In its latest report, MSCI also acknowledged the steps of reform of capital market transparency that had just been announced by the Financial Services Authority (OJK), BEI, and PT Kustodian Sentral Efek Indonesia (KSEI).
MSCI is currently evaluating the coverage, consistency, and effectiveness of the new data sources and policies, particularly in the context of determining free float and assessing investment feasibility more broadly.
For the May 2026 Index Review, MSCI stated that it would maintain a number of policies that had previously applied to Indonesian securities.
The policy includes freezing the increase in Foreign Inclusion Factors (FIF) and Number of Shares (NOS), no addition of shares to the MSCI Investable Market Indexes (IMI), and no increase in index classification based on size, including from Small Cap to Standard.
In addition, MSCI also conveyed the plan to remove shares identified by Indonesian authorities as part of the HSC framework.
Meanwhile, data on the openness of shareholders above 1 percent can be used to adjust the free float estimate if deemed relevant.
However, MSCI emphasized that data from new sources and openness will not be included in the free float assessment and index calculation until the evaluation process is completed and input from market participants has been received and analyzed.
MSCI also plans to provide further updates in the Market Accessibility Review scheduled to take place in June 2026.
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