{
    "success": true,
    "data": {
        "id": 1653372,
        "msgid": "idx-officially-implements-15-percent-free-float-rule-1775188246",
        "date": "2026-04-03 09:30:35",
        "title": "IDX Officially Implements 15 Percent Free Float Rule",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Indonesia Stock Exchange (IDX) has enacted amendments to its regulations on stock listings, raising the minimum free float requirement to 15 percent of total listed shares to enhance market liquidity and corporate governance. Effective from 31 March 2026, the new rules include tiered free float thresholds for initial listings based on market capitalisation and provide transitional periods for existing companies, with deadlines extending up to 2029 depending on their size. IDX will offer guidance and support to listed firms to ensure compliance, marking a significant step in aligning Indonesia's capital markets with international standards.",
        "content": "<p>The Indonesia Stock Exchange (IDX) has established amendments to\nExchange Regulation Number I-A concerning the Listing of Shares and\nEquity Securities Other Than Shares Issued by Listed Companies, as well\nas IDX Circular Number SE-00004\/BEI\/03-2026.<\/p>\n<p>The circular provides explanations regarding the provisions for\nlisting shares and equity securities other than shares issued by listed\ncompanies. This regulation takes effect on Tuesday, 31 March 2026.<\/p>\n<p>\u201cThese changes have been carried out through the Rule Making Rule\n(RMR) process and have obtained approval from the Financial Services\nAuthority (OJK),\u201d said the acting official. IDX President Director\nJeffrey Hendrik at his office in South Jakarta on Thursday, 2 April\n2026.<\/p>\n<p>In these amendments, IDX has adjusted the definition of free float\nshares and raised the minimum free float threshold for companies to\nremain listed on the exchange to 15 percent of total listed shares. For\ninitial listings, the free float requirement is now based on market\ncapitalisation with three tiers: 15 percent, 20 percent, and 25 percent\nof the shares to be listed.<\/p>\n<p>He stated that IDX is opening a mechanism for certain shareholders to\napply to have their shares counted as part of the free float.\nExplanations regarding the definition of free float and the criteria for\nshareholders that can be submitted are contained in the circular.<\/p>\n<p>The exchange is providing a transition period for listed companies to\nmeet these provisions based on the share capitalisation value as of 31\nMarch 2026.<\/p>\n<p>Companies with a minimum share capitalisation of Rp 5 trillion and\nfree float below 12.5 percent must meet a free float of 12.5 percent by\nno later than 31 March 2027, then increase to 15 percent by no later\nthan 31 March 2028. Companies that already have a free float between\n12.5 percent and 15 percent must meet the 15 percent threshold by no\nlater than 31 March 2027.<\/p>\n<p>Meanwhile, companies with share capitalisation below Rp 5 trillion\nare given until 31 March 2029 to meet the 15 percent free float\nrequirement. IDX will send letters to each company to determine the\ntransition category based on their share capitalisation.<\/p>\n<p>IDX, according to Jeffrey, will conduct socialisation and assistance\nto listed companies, as well as provide support services related to\nfulfilling free float obligations.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/idx-officially-implements-15-percent-free-float-rule-1775188246",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}