OJK has not yet received BEI director candidate packages, submission deadline 4 May 2026

Jakarta (ANTARA) - The Financial Services Authority (OJK) has confirmed that it has not yet received any candidate packages for the board of directors of the Indonesia Stock Exchange (BEI) to date, with the submission deadline set for 4 May 2026 in accordance with prevailing regulations.

Previously, rumours circulated regarding three candidate packages for the BEI board for the 2026-2030 period, led respectively by Jeffrey Hendrik (Acting President Director of BEI), Iding Pardi (President Director of PT Kliring Penjaminan Efek Indonesia), and Laksono Widodo (former President Director of PT BRI Danareksa Sekuritas).

“Not yet, absolutely nothing has been submitted to OJK (regarding BEI director candidate packages). But please go ahead, meaning they may have already started. It’s time to prepare the candidate packages and so on… We invite them to do so in accordance with market mechanisms,” said the Executive Head of the Capital Market, Derivative Finance, and Carbon Exchange Supervisory Authority (PMDK) of OJK, Hasan Fawzi, when met at the Supreme Court in Jakarta on Wednesday.

Hasan explained that the nomination provisions will be linked to the proportion of activities of securities companies as of the end of March 2026.

He added that the data used covers the period from April of the previous year to March of the current year. From that timeframe, the proportion of transaction values and the frequency of activities of each securities company will be evident, which will then serve as the basis for determining nomination rights.

In line with that, Hasan also reminded that securities companies, as shareholders of the exchange, have an obligation to conduct reviews, research, and thorough examinations of the competence and propriety of each prospective director to be proposed.

OJK hopes that the candidate packages submitted in the future will have undergone a rigorous and adequate internal selection process by the supporting securities companies.

Once the candidate packages are officially submitted to OJK, the authority will form a selection committee (pansel) led by the deputy commissioner in the capital market sector, along with relevant members, to conduct further evaluation and selection processes for the proposed candidates.

Hasan also assured that the current BEI director nomination process refers to the provisions that are still in effect, given that the BEI demutualisation scheme does not yet have a regulatory foundation that can be used as a basis.

“It seems due to timing, for now we will proceed according to the existing provisions. Later, when demutualisation is in place, we will certainly align accordingly,” said Hasan.