OJK Chief Showcases Evidence of Increasing Transparency in Indonesia's Stock Market, Confident in Global Competition

JAKARTA - The Chairman of the Financial Services Authority (OJK) Board of Commissioners, Friderica Widyasari Dewi, stated that Indonesia’s stock market is now increasingly transparent and aligned with global standards. Friderica outlined various new policies that have addressed concerns from market participants, including global index providers. “We have made significant progress in addressing various concerns from stakeholders, while further enhancing transparency and aligning the domestic market with global institutional standards,” Friderica said in a statement from the Indonesian Government Communication Agency (Bakom) on Tuesday (14/4/2026). The first piece of evidence presented is that the identities of major shareholders are now openly disclosed. This information is published monthly on the Indonesia Stock Exchange (IDX) website since 3 March 2026. This step provides clearer visibility to investors about who holds significant influence in a particular issuer. Secondly, investor classification is more detailed. This new classification was developed together with market participants, including exchange members and custodian banks, and has been effective since 1 April 2026. With more detailed data, market participants can better understand the investor structure accurately. The OJK, together with the IDX, has increased the minimum free float limit from 7.5 percent to 15 percent, which has been effective since 31 March 2026. This policy aims to increase liquidity while reducing dominance of ownership by a few parties. Fourthly, Friderica announced the high shareholding concentration (HSC). This policy, effective since 2 April 2026, serves as an early warning signal for investors regarding potential risks.