{
    "success": true,
    "data": {
        "id": 1654003,
        "msgid": "4-capital-market-reform-agendas-completed-ojk-and-bei-to-meet-msci-1775209852",
        "date": "2026-04-03 15:36:00",
        "title": "4 Capital Market Reform Agendas Completed, OJK and BEI to Meet MSCI",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Financial Services Authority (OJK) has finalised four key reform agendas for Indonesia's capital market, focusing on enhancing transparency and investor data quality. These include increasing the minimum free float requirement to 15%, refining investor classifications to 39 categories, and announcing high shareholding concentration stocks. Following this, OJK and the Indonesia Stock Exchange (BEI) plan to engage with global index providers like MSCI and seek investor feedback to boost market credibility and attract international investment.",
        "content": "<p>JAKARTA - The Financial Services Authority (OJK) has completed four\nmain reform agendas for Indonesia\u2019s capital market. Following this\ncompletion, OJK along with the Indonesia Stock Exchange (BEI) is\npreparing to continue meetings with global index providers, including\nMSCI.<\/p>\n<p>The Executive Head of the Capital Market, Derivatives Finance, and\nCarbon Exchange Supervisory of OJK, Hasan Fawzi, stated that they will\nproactively conduct further engagement with global index providers while\ngathering input from investors.<\/p>\n<p>\u201cAnd we will also proactively seek input and views from investors\nregarding the level of transparency we have implemented,\u201d he said on\nThursday (2\/4\/2026).<\/p>\n<p>\u201cThere is even a possibility that we will specifically visit them,\nperhaps a meeting with the regional team or via video call beforehand,\u201d\nhe added.<\/p>\n<p>As of early April 2026, OJK together with the Indonesia Stock\nExchange (BEI) and the Indonesian Central Securities Depository (KSEI)\nhas completed four proposals for reforms to strengthen transparency in\nthe capital market.<\/p>\n<p>The first is the enhancement of disclosure requirements for\ninstitutional investors regarding their ownership intentions, which has\nbeen implemented effective from 1 April 2026 using data as of 31 March\n2026.<\/p>\n<p>The second is the improvement of investor data quality through\ngreater granularity in investor classification. Currently, there are 39\ninvestor categories compared to only nine previously.<\/p>\n<p>This granularity was implemented on 1 April 2026 with data as of 31\nMarch 2026. It is expected to enhance transparency on the\ncharacteristics and intention of ownership of investors.<\/p>\n<p>The third is the increase in the minimum free float limit from 7.5%\nto 15%. This provision has been incorporated into the revision of\nExchange Regulation No.\u00a0I-A, effective from 31 March 2026.<\/p>\n<p>The fourth is the announcement of high shareholding concentration\n(HSC) stocks, which was released on 2 April 2026 on the official BEI\nwebsite using data as of 31 March 2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/4-capital-market-reform-agendas-completed-ojk-and-bei-to-meet-msci-1775209852",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}