FTSE Maintains Indonesia's Stock Index Status, OJK Says This
Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) has positively welcomed the assessment results from FTSE Russell in the FTSE Equity Country Classification March 2026 Interim Announcement, released on 7 April 2026.
Indonesia’s status in the FTSE Russell classification remains in the Secondary Emerging Market category, equivalent to several major countries such as China and India. Additionally, FTSE Russell has not placed Indonesia on the Watch List.
This assessment by FTSE Russell reflects that the initiatives currently being undertaken through the implementation of the eight Action Plans for Accelerating the Reform of Indonesian Capital Market Integrity demonstrate positive and credible progress in the eyes of the global index provider.
FTSE Russell also stated that various reform steps, encompassing the strengthening of transparency, integrity, and governance in the market, will continue to be monitored continuously in line with their implementation process.
In line with this, OJK emphasises that the various strategic policies that have been implemented together with Self-Regulatory Organisations (SROs) are part of a comprehensive effort to strengthen the credibility and competitiveness of the Indonesian capital market.
Four proposals to enhance market transparency, which were previously communicated to global index providers, have now been fully completed, including:
Transparency of share ownership data above 1 percent;
Strengthening the granularity of investor classifications into a total of 39 classifications and investor types;
Increasing the minimum free float limit to 15 percent to encourage healthier liquidity; and
Implementation of High Shareholding Concentration (HSC) announcements as an early warning mechanism for investors.
In addition, there is strengthening of transparency in the form of reporting of Beneficial Owners for shareholders with 10 percent or more ownership. OJK views the recognition of these various reform initiatives as a positive signal of increased investor confidence, both domestic and global.
This also reaffirms that the policy direction taken by Indonesia is in line with international best practices in strengthening the structure and quality of the capital market.
Going forward, OJK, together with all stakeholders, will continue to implement reforms consistently and measurably, as well as strengthen communication and engagement with global index providers, including FTSE Russell. These steps are taken to ensure that all policies adopted can be implemented effectively and have a real impact on improving market quality.
OJK also reaffirms its commitment to maintaining market stability, strengthening investor protection, and encouraging market deepening through product development and expansion of the investor base. With maintained domestic economic fundamentals and sustainable policy synergy, OJK believes that the Indonesian capital market will become increasingly credible, inclusive, and globally competitive.