The Financial Services Authority (OJK) is urging the Indonesia Stock\nExchange (BEI) to refine its High Shareholding Concentration (HSC)\nmechanism following scrutiny of Indonesia\u2019s capital market by global\nindex provider MSCI. The improvements will focus on share-ownership\ntransparency, assessment methodology and stronger governance to enhance\nthe capital market\u2019s credibility.<\/p>\n
Hasan Fawzi, an OJK Board of Commissioners member responsible for\nsupervising capital markets, financial derivatives and carbon exchanges,\nmade the remarks at a press conference on updates to the capital market\nheld by BEI and OJK at the Indonesia Stock Exchange Building on Monday,\n26 October 2026.<\/p>\n
Hasan said refining HSC was one of the ongoing capital-market\nintegrity reform measures being pursued by the authorities and the\nexchange operator. The mechanism has attracted attention from various\nparties, including investors and global index providers.<\/p>\n
\u201cWe are urging the Indonesia Stock Exchange to refine the methodology\nand mechanisms relating to high shareholding concentration, including by\nstrengthening transparency and the HSC mechanism, and improving\ngovernance by involving independent parties from outside the SRO in the\nworking committee,\u201d Hasan said.<\/p>\n
The involvement of independent parties from outside the\nSelf-Regulatory Organisation (SRO) is expected to support governance in\ndetermining which shares fall into the HSC category. The move is also\nintended to ensure that the mechanisms used are credible and\naccountable.<\/p>\n
HSC in the spotlight after MSCI announcement<\/strong><\/p>\n Hasan explained that the attention paid to HSC showed that the\nmechanism had become an important tool for revealing the ownership\nstructure of listed companies in Indonesia\u2019s capital market.<\/p>\n Information about share-ownership concentration is needed to help\ninvestors understand the ownership structure of a listed company. The\ndata can also serve as a reference for global index providers when\nconducting assessments according to their respective needs and\nmethodologies.<\/p>\n \u201cIt turns out that HSC has become a reference and is attracting\nattention from many parties. This is a good thing, as it indicates that\nHSC has become an important tool for revealing the share-ownership\nconditions of listed companies,\u201d Hasan said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ojk-to-revamp-hsc-after-msci-scrutiny-with-share-ownership-transparency-a-priority-1792990270",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}