{
    "success": true,
    "data": {
        "id": 1702712,
        "msgid": "ojk-reveals-discussions-during-meeting-with-msci-leadership-in-the-us-1777269101",
        "date": "2026-04-27 12:25:39",
        "title": "OJK Reveals Discussions During Meeting with MSCI Leadership in the US",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Financial Services Authority (OJK) has disclosed positive outcomes from its recent meeting with MSCI executives and analysts in the United States, where the global index provider acknowledged Indonesia's progress in market integrity reforms, including enhanced share ownership transparency and free float adjustments. Key advancements highlighted include the completion of ownership disclosure rules for stakes over 1% and the identification of high shareholding concentration stocks, which MSCI plans to incorporate into its index calculations. These efforts are anticipated to support Indonesia's retention in the emerging market category during MSCI's upcoming reviews in May and June 2026, potentially boosting the attractiveness of Indonesian equities to international investors.",
        "content": "<p>The Financial Services Authority (OJK) has revealed the results of\nits meeting with the leadership and analysts of MSCI in the United\nStates last week. The Executive Head of Capital Market Supervision,\nDerivative Finance, and Carbon Exchange at OJK, Hasan Fawzi, stated that\nthe meeting was constructive and positive, with MSCI expressing\nrecognition for various progress in Indonesia\u2019s capital market integrity\nreforms. \u201cA week ago, we met directly with MSCI\u2019s leadership. Then also\nwith their analysts. And in that meeting, as later followed by an\nannouncement from MSCI, it was very good, constructive, and positive,\u201d\nHasan told reporters at the Indonesia Stock Exchange (BEI) in Jakarta on\nMonday (27\/4\/2026). In the meeting, MSCI appreciated several key agendas\ncompleted by the regulator, particularly those related to the\nexpectations of global index providers. One of them is the transparency\nof share ownership above 1%, which was finalised in March 2026 and\nconfirmed to be utilised by MSCI. In addition, OJK has presented a list\nof stocks with potential high ownership concentration or High\nShareholding Concentration (HSC). As of early April 2026, there are nine\nstocks on that list, including one to two stocks that are constituents\nof the MSCI index. Hasan noted that MSCI responded positively to the HSC\ndata and stated it would use it as a consideration in index\ncalculations. Even stocks with high ownership concentration could\npotentially be excluded or not included in the index. Furthermore, OJK\nhas strengthened transparency by expanding investor type classifications\nfrom nine to 39 categories. This step is considered crucial as it will\nhelp global index providers in selecting stocks that meet the free float\ncriteria for index calculations. On the regulatory side, OJK has also\nformalised changes to the free float definition and is gradually\nincreasing the minimum free float threshold. From the previous 7.5%, the\nprovision will be pushed to a minimum of 15% for companies listed on the\nIndonesia Stock Exchange. \u201cNow, what is the next phase? Of course, they\nwill continue with us in periodic discussions that are more directed\ntowards technical discussions to facilitate and assist all parties,\nespecially Global Index Providers, in reading the detailed information\nwe have presented,\u201d he explained. Hasan added that MSCI is scheduled to\nconduct an index review or rebalancing on 12 May 2026 as part of its\nquarterly cycle. This momentum is expected to begin reflecting the\nutilisation of data provided by the Indonesian regulator. Subsequently,\nin June 2026, MSCI will also conduct a periodic market classification\nreview. OJK hopes that Indonesia will be maintained in the emerging\nmarket category in line with the current conditions and developments in\nthe capital market.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-reveals-discussions-during-meeting-with-msci-leadership-in-the-us-1777269101",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}