BEI Continues to Promote Quality Improvement of Listed Companies Through Discipline Enforcement
PT Bursa Efek Indonesia (BEI), the Indonesia Stock Exchange, is committed to maintaining the integrity and credibility of Indonesia’s capital market through oversight of listed companies’ compliance with listing regulations. BEI consistently monitors the fulfilment of these obligations and imposes sanctions in accordance with BEI Regulation No. I-H when violations are discovered, to ensure orderly, fair and efficient trading.
Throughout 2025, BEI imposed a total of 3,040 sanctions on 453 listed companies. The largest number of sanctions were issued for delays in submitting Financial Reports and Monthly Securities Registration Reports. There was a decline in the number of sanctions related to free float fulfilment obligations, Monthly Securities Registration Reports, and information disclosure requirements for annual public exposé.
Other category obligations include, among others, payment of annual listing fees (ALF), reports on bond and/or sukuk debt maturity readiness, exploration activity reports for mining companies, as well as errors in the presentation of information in financial reports and other information disclosure requirements.
During January 2026, BEI imposed 294 sanctions on 142 listed companies. Fifty-seven per cent of these sanctions originated from obligations regarding the submission of Financial Reports and public exposé, largely due to:
Written Warning III and suspension for delays in submitting interim Financial Reports as at 30 September 2025.
Written Warning II and fines imposed on Listed Companies that had not held their annual Public Exposé by the deadline of 31 December 2025.
BEI not only emphasises discipline enforcement through the imposition of sanctions, but also provides active and continuous coaching to listed companies to improve their quality. Throughout 2025, BEI conducted coaching activities including:
Monthly seminars regarding Capital Market Regulations, use of the Electronic Reporting Facility SPE-IDXNet, and the submission of XBRL-based Financial Reports;
Seminars on free float obligation fulfilment for new Listed Companies and those not yet meeting free float obligations;
Compliance Refreshment seminars for Listed Companies with poor compliance rates;
Various one-on-one meetings, seminars and workshops to enhance the capacity of listed companies, as well as roadshow activities to increase listed companies’ exposure and broaden investor base.
BEI periodically publishes updated sanction data and information on a monthly basis through its official website at www.idx.co.id/id/perusahaan-tercatat/sanksi. This information is expected to serve as a reference for investors in making investment decisions and to encourage quality improvement of listed companies through investor stewardship. Going forward, BEI will continue to work towards enhancing the discipline of listed companies through continuous coaching, monitoring of obligation fulfilment, imposition of sanctions for violation of obligations, and various other initiatives. This is aimed at supporting the creation of a credible and competitive capital market.