BEI and Regulatory Strategies to Boost Investor Interest as Free Float Reaches 15%
Jakarta – CNBC Indonesia held its Market Outlook 2026 forum with the theme “Capital Market Reform: Integrity and Credibility” to assess market direction and new growth opportunities, bringing together perspectives from regulators, policymakers, and leading investment industry players.
Mukhamad Misbakhun, Chairman of Commission XI of Indonesia’s Parliament, stated at the Market Outlook 2026 that the capital market plays a critical role as a symbol of Indonesia’s economic standing due to its connection to investor credibility and confidence, encompassing state-owned enterprises and the private sector that drives Indonesia’s economy.
Amid global economic and geopolitical turbulence, Indonesia’s capital market must be strengthened through policy reform support and enhanced oversight.
Hasan Fawzi, Acting Head Executive of OJK’s Capital Market, Derivatives Finance, and Carbon Exchange Supervision, confirmed a series of strategies to strengthen the integrity and credibility of Indonesia’s capital market following a “wake-up call” from global rating agency MSCI’s assessment.
OJK, working with Self-Regulatory Organisations (SROs) and supported by the government, has implemented several steps to align with MSCI’s requirements whilst seizing this opportunity for comprehensive and structural improvements through eight action plans to accelerate capital market integrity reforms.
Current efforts to strengthen the stock exchange to address MSCI and FTSE Russell requirements are supported by four key measures: introducing transparency in stock data, disclosing shareholder ownership data for investors holding more than 1% of shares, promoting public participation deepening with free float increasing to 15%, and introducing a Shareholder Concentration List.
Jeffrey Hendrik, Acting President Director of BEI, emphasised the exchange’s serious efforts to address MSCI and FTSE Russell requirements whilst strengthening public communication and listening to participant and listed company feedback, particularly regarding the increase in free float to 15%. These steps aim to deliver joint solutions to deepen Indonesia’s financial market.
Samsul Hidayat, President Director of KSEI, outlined steps to improve data structure and transparency in Indonesia’s stock exchange. KSEI has successfully expanded its Single Investor Identification (SID) data structure from 9 categories to 28 sub-categories, representing 97% of improved investor data.
Additionally, shareholder ownership data for those holding more than 1% will be presented in greater detail compared to previous regulations that only required disclosure above the 5% threshold.