SP 19/GKPB/OJK/I/2026

PRESS RELEASE

OJK REAFFIRMS COMMITMENT TO STRENGTHEN TRANSPARENCY AND INTEGRITY OF INDONESIA’S CAPITAL MARKET

Jakarta, 29 January 2026 — The Financial Services Authority (OJK) has reaffirmed its commitment to continuously strengthening transparency, governance, and the integrity of Indonesia’s capital market, in line with the requirements conveyed by Morgan Stanley Capital International Inc. (MSCI).

Chairman of the OJK Board of Commissioners, Mahendra Siregar, stated during a press conference at the Indonesia Stock Exchange (IDX) on Thursday that OJK, together with Self-Regulatory Organizations (SROs) in Indonesia’s capital market, is preparing various measures to enhance transparency. These include the more comprehensive publication of share ownership data on the official IDX website since early January 2026, with disclosures of share ownership above and below 5% by investor category. This step aims to improve information quality and support investor decision-making.

In addition, OJK is committed to fulfilling MSCI’s additional requests regarding the provision of information on share ownership below five percent, accompanied by investor categories and ownership structures, and to ensuring that all disclosures are conducted in line with international best practices.

“We are committed to meeting all of these adjustments in accordance with international best practices,” Mahendra said.

Mahendra further noted that capital market SROs will issue regulations on a minimum free float requirement of 15 percent, with strong transparency in implementation. OJK will also strengthen supervision of the implementation of this policy, including the establishment of an exit policy for listed companies or public companies that fail to meet the requirements within the stipulated timeframe.

In this regard, OJK will also request that SROs provide MSCI with data on the ultimate beneficial owners (UBOs) of capital market issuers.

Mahendra emphasized that all of these measures form part of a continuous reform agenda to strengthen the integrity, transparency, and quality of Indonesia’s capital market, and will be directly overseen through coordination with all relevant stakeholders.

“This reflects our commitment to directly oversee the process to ensure it is carried out effectively and in a timely manner,” he stressed.

According to Mahendra, MSCI’s explanations generally constitute constructive input for Indonesia’s capital market, indicating that the institution remains interested in including shares of Indonesian issuers in global indices. This demonstrates that Indonesia’s capital market is highly potential and investable for international investors.

“Regardless of MSCI’s response to the adjustments currently under review, we will ensure that any further adjustments, if required, are implemented to completion so that they are accepted as intended by MSCI,” Mahendra said.

Regarding movements in the Jakarta Composite Index (JCI), OJK continues to monitor market developments on an ongoing basis, taking into account various domestic and global risk factors. To maintain market stability, OJK, together with the IDX, has prepared and can optimize a range of policy instruments, including share buybacks without a General Meeting of Shareholders (GMS), trading halts, and adjustments to the lower Auto Rejection (ARB) limits.

As the supervisory authority for the financial services sector, OJK remains committed to maintaining policy certainty and reform consistency to ensure that Indonesia’s capital market remains credible and competitive.

Further Information:

Head of the Literacy, Financial Inclusion, and Communication Department – M. Ismail Riyadi

Tel. (021) 29600000; E-mail: humas@ojk.go.id