IDX Imposes 845 Sanctions on 494 Listed Companies, Free Float Compliance in the Spotlight

Jakarta, CNBC Indonesia — PT Bursa Efek Indonesia (IDX) recorded that from the beginning of the year until 31 March 2026, it imposed 845 sanctions on 494 listed companies. This measure was taken to maintain the integrity and credibility of the capital market through strict supervision of listed companies’ compliance, accompanied by continuous guidance.

In detail, in the category of requests for clarification, the number of sanctions recorded was 188 cases as of 31 March 2026, down 9% from the same period last year which reached 207 cases. However, the number of listed companies sanctioned remained at 105 companies. This figure is unchanged from last year.

Then, for the obligation to pay the Annual Listing Fee, the number of sanctions decreased from 137 companies to 130 companies, or a 5% reduction. However, the number of companies sanctioned actually increased from 77 companies to 82 companies, or up 6%.

For the monthly securities registration report obligation, the number of sanctions decreased from 142 companies to 128 companies, or down 10%. The number of listed companies sanctioned also declined from 69 to 62 companies, or a 10% reduction.

In contrast to the previous categories, sanctions related to public exposure increased significantly. The number of sanctions rose from 111 companies to 127 companies, or a 14% jump, while the number of affected companies increased from 65 to 70 companies, or up 8%.

Meanwhile, for financial report obligations, the number of sanctions increased from 93 companies to 98 companies, or up 5%. However, the number of listed companies sanctioned dropped sharply from 70 to 50 companies, or a 29% decline.

The highest surge occurred in the miscellaneous category, where the number of sanctions increased dramatically from 116 companies to 174 companies, or a 50% jump. In line with that, the number of listed companies sanctioned also rose from 76 to 115 companies, or an increase of 51%.

The most significant increase occurred in sanctions for obligations in the miscellaneous category, which includes free float compliance obligations, reports on bond and/or sukuk maturity fund readiness, exploration activity reports for mining companies, as well as errors in presenting information in financial reports or other disclosures, which rose by up to 50% both in terms of the number of sanctions and the number of listed companies.

“IDX not only focuses on strengthening compliance through the imposition of sanctions but also proactively encourages improvements in the quality of listed companies through various ongoing guidance initiatives,” IDX management stated on Friday (24/4/2026).

This commitment aligns with the issuance of Exchange Regulation No. I-A on 31 March 2026 as a strategic step to strengthen listing standards and improve the quality and competitiveness of listed companies in the Indonesian capital market.