OJK Begins Fit and Proper Test for BEI Board Candidates, When Will It Be Announced?

Jakarta - The Financial Services Authority (OJK) has begun conducting fit and proper tests for candidates for the Board of Directors of PT Indonesia Stock Exchange (BEI) for the 2026-2030 period. The process started on Tuesday (12 May 2026), with the fit and proper test agenda for the prospective CEO of BEI. Subsequently, a similar process will be carried out for director candidates in each respective field. On 13 May 2026, OJK has scheduled the fit and proper test for candidates for Director of Company Valuation at BEI. The Executive Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Executive of OJK, Hasan Fawzi, stated that the initial stage of the fit and proper test is currently focused on administrative checks and evaluations of the candidates. The announcement of the new candidate names will be made after the selection process is complete and the selected candidates have been officially decided. This step is to maintain the objectivity of the selection process. “We’ll wait and see; we’ll announce only the selected ones later. That means, to maintain the objectivity of the process and not further influence other aspects,” Hasan said after a press conference at the BEI Building on Wednesday (13 May 2026). Although the selection process is underway, OJK has not yet disclosed the identities of the 28 candidates for the BEI Board of Directors participating in the selection stages. “We will definitely announce it when those seven names are declared selected and decided by OJK. That will be at the latest seven days before the AGM,” he explained. Regarding the Annual General Meeting of Shareholders (AGM) of BEI, it is scheduled to take place on 29 June 2026. Thus, the announcement of the new BEI Board of Directors composition will be conveyed to the public at the latest on 22 June this year. One of the CEO candidates for BEI, Iding Pardi, revealed that he underwent the fit and proper test at the OJK office on 12 May 2026. He stated that the examination process went smoothly. “Yes, I already did the fit and proper test yesterday. Alhamdulillah, it went smoothly,” Iding told Kontan on Wednesday.