{
    "success": true,
    "data": {
        "id": 1602978,
        "msgid": "msci-demands-answered-as-ojk-reveals-latest-progress-on-capital-market-reforms-1773157950",
        "date": "2026-03-10 21:55:00",
        "title": "MSCI Demands Answered as OJK Reveals Latest Progress on Capital Market Reforms",
        "author": "Satria K Yudha",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Regulation",
        "summary": "Indonesia's Financial Services Authority (OJK) has accelerated capital market reforms to address concerns raised by global index provider MSCI regarding market structure and openness. The regulator has proposed three main measures: expanding investor classification granularity from nine to 28 types, disclosing shareholders holding above one percent stakes, and increasing free-floating stock to 15 percent, with implementation coordinated across multiple government agencies.",
        "content": "<p>The Financial Services Authority (OJK), together with relevant\nstakeholders, continues to accelerate reforms to strengthen the\nintegrity and transparency of Indonesia\u2019s capital market. These reforms\nare being implemented in response to various recommendations from global\nindex provider MSCI regarding the structure and openness of the domestic\nmarket.<\/p>\n<p>Acting Head of Executive for Capital Market Supervision, Derivative\nFinance and Carbon Exchange at OJK, Hasan Fawzi, stated that the\nregulator has prepared a series of policies to improve capital market\nquality. The reforms include strengthening transparency of share\nownership, increasing the proportion of free-floating shares, and\nrefining investor classification.<\/p>\n<p>\u201cOJK has submitted three main proposals to MSCI, namely improving the\ngranularity of investor classification, disclosing shareholders holding\nabove 1 percent, and increasing free float to 15 percent,\u201d Hasan said\nduring a media discussion in Jakarta on Tuesday, 10 March 2026.<\/p>\n<p>Hasan explained that investor classification in Indonesia\u2019s capital\nmarket is currently being expanded significantly. Whilst previously\nthere were only nine types of investor, this classification will be\nexpanded to 28 types in future to provide a more detailed picture of\nshare ownership.<\/p>\n<p>Additionally, OJK has begun publishing share ownership data for\ninvestors holding a stake of above 1 percent. This data is now available\nthrough a system managed by Indonesia\u2019s Central Securities Depository\n(KSEI) and will be updated regularly each month. This step is expected\nto increase transparency of share ownership structure and strengthen\nconfidence among global investors in Indonesia\u2019s capital market.<\/p>\n<p>\u201cOJK, together with self-regulatory organisations, has also formed a\ndedicated team to accelerate the implementation of various reforms\nrelated to improving market quality,\u201d Hasan said.<\/p>\n<p>OJK is also preparing various other reform measures that include\nstrengthening issuer governance, enforcement of regulations and\nsanctions, and improving market integration and deepening. These efforts\ninvolve coordination among various institutions, including the\nCoordinating Ministry for Economic Affairs, the Ministry of Finance,\nOJK, and the Indonesia Stock Exchange.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/msci-demands-answered-as-ojk-reveals-latest-progress-on-capital-market-reforms-1773157950",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}