Demutualisation OJK Regulation Allows IDX to Conduct IPO and Distribute Dividends

Jakarta (ANTARA) - The Financial Services Authority (OJK) has disclosed that the Draft OJK Regulation (RPOJK) on Demutualisation stipulates that PT Bursa Efek Indonesia (IDX) may conduct an Initial Public Offering (IPO) after obtaining prior approval from the OJK.

Furthermore, the RPOJK regulates that the IDX may distribute dividends to shareholders, while taking into account the formation and accumulation of operational and development reserve funds for the Stock Exchange.

“The current OJK Regulation has undergone harmonisation with the Ministry of Law and is awaiting the completion of the harmonisation process from the Ministry of Law, before it can be established by the Head of OJK and promulgated,” stated the Chief Executive of Capital Market, Derivatives, and Carbon Exchange Supervision at OJK, Hasan Fawzi, in a written response during the August 2026 RDKB meeting in Jakarta on Wednesday.

In addition to these two provisions, Hasan explained that the Demutualisation RPOJK establishes the legal definition of Stock Exchange Demutualisation, as well as the objectives of demutualisation to strengthen governance, investor confidence, and increase stakeholder participation.

Moreover, the RPOJK stipulates that share ownership of the Stock Exchange by shareholders shall be separated from membership of the Stock Exchange, with the Stock Exchange prohibited from granting Trading Access Rights to parties other than Exchange Members, and Exchange Members are also prohibited from granting Trading Access Rights to other parties.

Furthermore, the RPOJK provides that in the implementation of demutualisation, the Stock Exchange may issue new shares and/or conduct the sale of treasury shares.

Additionally, the RPOJK sets a maximum limit on the ownership of Stock Exchange shares at 5 per cent, whether held directly or indirectly.