Awaiting Progressive Steps by IDX to Amend FCA Board Rules

Bisnis.com, JAKARTA — The policy for a special monitoring board with a Full Call Auction (FCA) mechanism was once a topic of discussion and received harsh criticism from investors since its implementation two years ago. Progressive changes to the FCA board are planned by the Indonesia Stock Exchange (BEI) in the second quarter of 2026. According to Bisnis records, strong criticism was directed at BEI in 2024 when the FCA monitoring policy affected shares of PT Barito Renewables Energy Tbk. (BREN), owned by Prajogo Pangestu. BREN shares represent the largest market capitalisation on the Indonesia Stock Exchange, so their fluctuations will influence the overall movement of the Composite Stock Price Index (IHSG).