IDX Imposes 845 Sanctions on 494 Listed Companies, Impacting Issues from "Free Float" to Transparency
JAKARTA, KOMPAS.com - PT Bursa Efek Indonesia (IDX) has revealed a fragile picture of listed companies’ compliance at the start of 2026. In the first three months of this year, the authority imposed 845 sanctions on 494 listed companies.
IDX Corporate Secretary, Aulia Noviana Utami, noted that the most striking increase came from sanctions for miscellaneous obligations, which surged by 50 per cent, both in terms of the number of sanctions and the number of affected listed companies.
“Sanctions for miscellaneous obligations increased by 50 per cent, both in terms of the number of sanctions and the number of listed companies,” Aulia stated in a press release, quoted on Sunday (26/4/2026).
This category includes obligations related to fulfilling free float requirements or the number of shares circulating in the public, submission of funding readiness reports for bond and/or sukuk maturities, mining companies’ exploration activity reports, and errors in presenting information to the public.
Annual listing fee sanctions decreased by 5 per cent year-on-year to 130 from 137. However, the number of listed companies affected rose by 6 per cent year-on-year from 77 to 82.
Sanctions related to monthly securities registration reports also fell by 10 per cent year-on-year to 577 cases. The number of issuers sanctioned similarly declined by 10 per cent to 62 issuers.
For public exposure obligations, the number of imposed sanctions increased by 14 per cent year-on-year to 14 per cent, with the number of affected issuers reaching 70, a 8 per cent year-on-year jump.
Aulia assured that IDX is not solely focused on enforcement but is also strengthening guidance to enhance the quality of listed companies in the domestic capital market.
As of April 2026, IDX has implemented various guidance programmes, ranging from routine socialisation of capital market regulations, training on the use of the electronic reporting system SPE-IDXNet, to the implementation of XBRL-based financial reporting.
Additionally, IDX provides special education for new issuers and companies that have not yet met free float requirements.
Other programmes include compliance refreshment activities, as well as facilitation of one-on-one meetings, seminars, workshops, and roadshows to boost issuers’ capacity and exposure in the market.