{
    "success": true,
    "data": {
        "id": 1812648,
        "msgid": "idx-to-seek-clarification-from-msci-on-information-disclosure-notes-1781873543",
        "date": "2026-06-19 19:22:40",
        "title": "IDX to Seek Clarification from MSCI on Information Disclosure Notes",
        "author": "Ahmad Fikri Noor",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesia Stock Exchange (IDX) plans to discuss MSCI's concerns regarding market transparency and information disclosure. While MSCI retained Indonesia's emerging market status, it highlighted issues around information flow, ownership structure, and issuer concentration. The IDX and OJK view the feedback as crucial for ongoing capital market reforms to boost investor confidence.",
        "content": "<p>The Indonesia Stock Exchange (IDX) will engage in further\ncommunication with MSCI regarding several notes provided on the\nIndonesian capital market, particularly concerning information\ndisclosure and transparency. IDX President Director Jeffrey Hendrik\nstated that the exchange needs to obtain more detailed explanations on\nthe aspects of concern to MSCI so that improvement measures can be\naccurately targeted. \u201cWe will certainly discuss further with MSCI to\nunderstand in detail the areas that remain of concern to them,\u201d Jeffrey\nsaid on Friday (19\/6\/2026). MSCI previously maintained Indonesia in the\nemerging market group. However, the global index provider issued several\nnotes related to market transparency, including the quality of\ninformation flow, openness of share ownership structures, and\nconcentration of issuer ownership. Jeffrey said that the various\ninformation needed by investors is essentially already available in the\nIndonesian capital market. Therefore, the IDX wants to gain clarity on\nwhat information is still considered inadequate or not easily accessible\nto global investors. According to him, the exchange has continuously\ncarried out various improvements to enhance the quality of information\ndisclosure by listed companies and broaden investor access to market\ndata and information. The IDX has also implemented a number of new\npolicies to strengthen market transparency, including mandatory\nreporting of ultimate beneficial owners (UBO) and improved standards for\nissuer information disclosure. Chief Executive of Capital Market,\nDerivative Finance, and Carbon Exchange Supervision at the Financial\nServices Authority (OJK), Hasan Fawzi, said the regulator, together with\nthe IDX and Self-Regulatory Organizations (SROs), will continue capital\nmarket reforms to enhance the integrity and competitiveness of the\nIndonesian market. According to Hasan, input from MSCI is an important\npart of efforts to strengthen governance and investor protection in the\ndomestic capital market. Analyst and founder of Stocknow, Hendra\nWardana, assessed that MSCI\u2019s decision to maintain Indonesia\u2019s emerging\nmarket status is good news because it eliminates the risk of massive\nforeign fund outflows due to a change in market classification.\nNevertheless, he believes MSCI\u2019s notes on transparency need to be taken\nseriously by all stakeholders so that global investor confidence in the\nIndonesian capital market continues to increase. \u201cTransparency,\ninformation quality, and market governance will be important factors in\nmaintaining Indonesia\u2019s attractiveness in the eyes of international\ninvestors,\u201d Hendra said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/idx-to-seek-clarification-from-msci-on-information-disclosure-notes-1781873543",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}