OJK Welcomes FTSE Russell's Positive Assessment in Maintaining Indonesia's Capital Market Status

Jakarta (ANTARA) - The Financial Services Authority (OJK) has welcomed the results of the FTSE Russell assessment in the FTSE Equity Country Classification March 2026 Interim Announcement, released on 7 April 2026. Indonesia’s status in the FTSE Russell classification remains in the Secondary Emerging Market category, equivalent to major countries such as China and India. Additionally, FTSE Russell has not placed Indonesia on the Watch List. “The FTSE Russell assessment reflects the initiatives being undertaken through the implementation of the eight Action Plans for Accelerating the Reform of Indonesia’s Capital Market Integrity, demonstrating positive and credible progress in the eyes of the global index provider,” said the Head of the Surveillance and Integrated Financial Services Sector Policy Department of OJK, Agus Firmansyah, in a statement in Jakarta on Wednesday. In its assessment, FTSE Russell stated that various reform steps covering the strengthening of transparency, integrity, and market governance will continue to be monitored continuously in line with their implementation process. Meanwhile, the four proposals for strengthening capital market transparency that were previously communicated to global index providers have now been fully completed, including: - Transparency of share ownership data above 1 per cent. - Strengthening the granularity of investor classifications into a total of 39 classifications and investor types - Increasing the minimum free float limit to 15 per cent to encourage healthier liquidity; and - Implementation of High Shareholding Concentration (HSC) announcements as an early warning mechanism for investors. In addition, Agus assured that there is strengthened transparency in the form of reporting of Beneficial Owners for shareholders with 10 per cent or more ownership.