IDX Strengthens Compliance of Listed Companies through Continuous Monitoring and Guidance
The Indonesia Stock Exchange (IDX) continues to affirm its commitment to maintaining the integrity and credibility of the Indonesian capital market through monitoring the compliance of listed companies with their obligations as listed entities. This effort is carried out consistently, accompanied by the application of sanctions in accordance with Exchange Regulation No. I-H for any failure to meet those obligations, to support the creation of orderly, fair, and efficient trading.
Referring to sanction data for the period 1 January to 31 March 2026, IDX has imposed 845 sanctions on 494 listed companies.
Based on sanction data as of 31 March 2026, IDX recorded an increase in the number of sanctions in several types of obligations. The most significant increase occurred in sanctions for obligations in the ‘other’ category, which includes obligations to meet free float requirements, reports on readiness of funds for maturing bonds and/or sukuk, exploration activity reports for mining companies, as well as errors in presenting information in financial statements or other disclosures, rising by up to 50% both in terms of the number of sanctions and the number of listed companies.
This was followed by increases in sanctions for the submission and execution of Public Expose and the submission of financial statements, each rising by 14% and 5% respectively in terms of the number of sanctions. Meanwhile, there were decreases in sanctions for the submission of Monthly Securities Registration Reports and Requests for Explanation, each dropping by 10% and 9%.
From the perspective of the number of listed companies, there were decreases in sanctions for the submission of financial statements and Monthly Securities Registration Reports, each falling by 29% and 10% compared to 31 March 2025.
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. 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 enhance the quality and competitiveness of listed companies in the Indonesian capital market. Up to April 2026, IDX has conducted several guidance activities, including:
Monthly socialisations on Capital Market Regulations, the Use of the Electronic Reporting System SPE-IDXNet, and the Submission of XBRL-Based Financial Statements;
Providing education to listed companies, both newly listed and those that have not yet met free float obligations;
Organising Compliance Refreshment socialisations for listed companies with compliance levels that still need improvement;
Facilitating listed companies with various one-on-one meetings, seminars, and workshops to enhance company capacity, as well as roadshow activities to increase exposure of listed companies and expand their investor base.
IDX periodically publishes updated data and information on imposed sanctions every month through the IDX website at www.idx.co.id/id/perusahaan-tercatat/sanksi. This publication is expected to provide transparency for investors while serving as a reference in investment decision-making, and to encourage improvements in the quality of listed companies through active investor involvement.
As an ongoing step, IDX will continue to strengthen the compliance of listed companies through active and consistent guidance, monitoring of obligation fulfilment, and the imposition of sanctions for every violation of obligation fulfilment. This effort is part of IDX’s commitment to supporting a credible, transparent, and globally competitive Indonesian capital market.