DPR Commission XI Chair Calls for Review of Indonesian Stock Exchange Surveillance Board Rules

Jakarta – Mukhamad Misbakhun, chairman of Commission XI of the People’s Consultative Assembly (DPR RI), has stated that the regulations governing the Special Surveillance Board (Papan Pemantauan Khusus or PPK) at the Indonesian Stock Exchange (PT Bursa Efek Indonesia or BEI) require review.

According to Misbakhun, the Special Surveillance Board provisions are excessively rigid and inflexible, and further restrict investor mobility in Indonesia’s capital market.

“The surveillance board should not be overly excessive,” said Misbakhun during the Road to Investor Relations Forum 2026 at the BEI building in Jakarta on Tuesday.

Nevertheless, he maintained that the BEI must continue to discharge its supervisory function, including preventing the formation of abnormal share prices.

According to Misbakhun, the current Special Surveillance Board regulations tend to be excessive and rigid, thereby limiting investor flexibility in Indonesia’s capital market.

“I stated earlier that if the Surveillance Board is too rigid and too excessive, shares rise and are immediately halted. Yet investors are pursuing these stocks. This naturally creates an unfavourable situation,” said Misbakhun.

Accordingly, he stated that a review of the regulations pertaining to the Special Surveillance Board currently enforced by BEI is necessary.

“In my view, a review is needed,” said Misbakhun.