{
    "success": true,
    "data": {
        "id": 1611036,
        "msgid": "ojk-opens-possibility-of-approving-free-float-15-percent-after-ramadan-1773399230",
        "date": "2026-03-13 16:45:31",
        "title": "OJK Opens Possibility of Approving \"Free Float\" 15 Percent after Ramadan",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Financial Services Authority (OJK) plans to push through approval of amendments to Regulation I-A by the end of March 2026, with approval potentially issued after the Ramadan break. The key modification includes raising the minimum free float threshold for listed companies to 15 percent as part of market deepening efforts. The regulation also strengthens corporate governance requirements for directors, commissioners, and audit committees of listed companies.",
        "content": "<p>Jakarta (ANTARA) - The Financial Services Authority (OJK) will push\nfor approval of amendments to Regulation Number I-A before March 2026\nconcludes, with approval likely to be issued after the extended Ramadan\nholiday.<\/p>\n<p>Acting Head of Capital Market, Derivatives Finance, and Carbon\nExchange Oversight at OJK Hasan Fawzi stated that one of the key\nadjustments in Regulation Number I-A involves market deepening through\nthe introduction of a new policy raising the minimum free float\nthreshold for listed companies to 15 percent.<\/p>\n<p>\u201cFor now, our target remains the same - we are pushing to complete\nthis by the end of March 2026. At the latest, if we don\u2019t finish before\nRamadan, there will still be working days after Ramadan before March\nends, and we will definitely complete it in March, God willing,\u201d Hasan\nsaid after attending the Annual Report Award (ARA) socialisation event\nat the Indonesia Stock Exchange (BEI) building in Jakarta on Friday.<\/p>\n<p>Hasan assured that OJK and the Self-Regulatory Organisation (SRO)\nhave been conducting intensive discussions regarding the Regulation\nNumber I-A amendments, and have even established a joint task force\nwhose discussions ran for two full days.<\/p>\n<p>He revealed that OJK\u2019s final remarks regarding the Regulation Number\nI-A amendments have been submitted back to BEI for final revisions.<\/p>\n<p>\u201cSo, yesterday we were intensively engaged with the drafting team at\nthe SRO, even conducting a sort of joint task force with two full days\nof discussion. The final remarks are already there - OJK\u2019s response has\nbeen submitted to the Exchange for final revision,\u201d Hasan said.<\/p>\n<p>After BEI completes the final revision, he continued, the final\nconcept of the Regulation Number I-A amendments will be submitted back\nto OJK for approval.<\/p>\n<p>Subsequently, if the final concept of the regulatory amendment meets\nall requirements, OJK will be ready to issue its approval.<\/p>\n<p>\u201cThen the final concept will be submitted to OJK, and when it meets\nall the necessary elements, we will issue our approval,\u201d Hasan said.<\/p>\n<p>Earlier, Acting Director-General of BEI Jeffrey Hendrik confirmed\nthat the target implementation of the 15 percent minimum free float\nrequirement remains on schedule for March 2026.<\/p>\n<p>However, he noted that there are many stock exchange holidays in the\nthird week of March 2026, so his team will coordinate with OJK to adjust\nthe implementation schedule for the 15 percent minimum free float\nrequirement accordingly.<\/p>\n<p>\u201cIn the third week of March 2026 there are many holidays. Of course\nwe will adjust the schedule,\u201d Jeffrey said.<\/p>\n<p>Previously, BEI, supported by OJK, has been working on amendments to\nRegulation Number I-A regarding the Listing of Shares and Equity\nSecurities other than Shares Issued by Listed Companies.<\/p>\n<p>The regulatory adjustments that will be implemented by BEI with OJK\nsupport include:<\/p>\n<ol type=\"1\">\n<li><p>Market deepening through the formulation of a new policy raising\nthe minimum free float threshold for listed companies to 15 percent. To\nensure smooth implementation, a transition period will be applied to\nprovide listed companies with an opportunity to adjust.<\/p><\/li>\n<li><p>Enhancement of corporate governance implementation, specifically\nthrough the introduction of mandatory continuous education requirements\nfor directors, commissioners, and audit committees of listed\ncompanies.<\/p><\/li>\n<li><p>Strengthening of governance through mandatory accounting\ncompetency requirements that directors or officials one level below\ndirectorship must possess, thereby improving the quality of financial\nstatement presentation and disclosure by listed companies.<\/p><\/li>\n<li><p>Improvement of the quality of prospective listed companies\nthrough higher requirements in financial, operational, and governance\nstandards, which will enhance investor trust and confidence.<\/p><\/li>\n<\/ol>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-opens-possibility-of-approving-free-float-15-percent-after-ramadan-1773399230",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}