{
    "success": true,
    "data": {
        "id": 1634764,
        "msgid": "ojk-confirms-it-has-not-yet-received-names-of-bei-director-candidates-1774446683",
        "date": "2026-03-25 19:35:14",
        "title": "OJK Confirms It Has Not Yet Received Names of BEI Director Candidates",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Financial Services Authority (OJK) has stated that it has not received any official submissions for the proposed director slates of the Indonesia Stock Exchange (BEI), despite names circulating in the media. The process is guided by current regulations, with eligibility based on securities companies' share ownership proportions as of the end of March 2026, and submissions due by 4 May 2026. OJK emphasises the need for thorough vetting by shareholders to ensure candidates' competence, integrity, and suitability, as the demutualisation framework remains unimplemented.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 The Financial Services Authority (OJK) has\nconfirmed that it has not received documents submitting the package of\nnames for director candidates of the Indonesia Stock Exchange (BEI) that\nhave been circulating in the mass media.<\/p>\n<p>The Executive Head of the Capital Market, Derivatives Finance, and\nCarbon Exchange Supervisory Authority of OJK, Hasan Fawzi, stated that\nthe nomination of BEI directors will depend on the proportion of share\nownership by securities companies until the end of March 2026. Data from\nthe past year will serve as the reference in determining the eligibility\nof securities companies to propose candidates.<\/p>\n<p>Subsequently, OJK will provide guidance based on one-year statistical\nfigures as a reference for the eligibility of securities companies to\nsubmit candidate packages.<\/p>\n<p>\u201cSo, nothing has officially come in to OJK yet. The deadline is 4 May\n2026 as the final submission date for the candidate package,\u201d Hasan\nemphasised when met at the Supreme Court in Jakarta on Wednesday\n(25\/3\/2026).<\/p>\n<p>OJK has requested that securities companies, as shareholders of the\nexchange, conduct thorough reviews and examinations of the candidates to\nbe proposed. This includes aspects of competence, eligibility, and\nintegrity of the candidates before submission to the regulator.<\/p>\n<p>Thus, OJK hopes that the names submitted will be the result of mature\nselection by each securities company. This process is the full\nresponsibility of the shareholders as the proponents of the director\ncandidate packages.<\/p>\n<p>Furthermore, OJK has confirmed that the current nomination process\nstill refers to the applicable provisions, including OJK regulations.\nThis is because the regulatory framework related to the demutualisation\nof BEI has not yet been effectively implemented.<\/p>\n<p>\u201cThe demutualisation does not even have a regulatory basis yet. So,\nthe rules used are the current nomination regulations, namely the POJK\nat our place and of course the data used. Once again, the cut-off is\ndetermined at the end of March this year,\u201d he added.<\/p>\n<p>Although no official submissions have been made, OJK permits\nsecurities companies to begin preparing candidate packages in accordance\nwith market mechanisms. The right to submit remains with the exchange\nmembers who are currently shareholders of BEI.<\/p>\n<p>After official documents are received, OJK will form a selection\ncommittee led by the deputy commissioner in the Capital Market,\nDerivatives, and Carbon Exchange sector. The selection process will\nproceed in accordance with applicable provisions before any further\nadjustments.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-confirms-it-has-not-yet-received-names-of-bei-director-candidates-1774446683",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}