Share Ownership Above 1 Percent in BEI Issuers Now Accessible

The Chief Executive of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Authority of the Financial Services Authority (OJK), Hasan Fawzi, revealed that the authority has prepared a swift response with four main steps to address feedback from global index providers and investors. “Our focus on quick and initial reactions has been refocused on 4 main initiatives to respond, especially to notes and requests from Global Index Providers and investors,” Hasan said at the Indonesia Stock Exchange office in South Jakarta on Thursday, 2 April 2026. The four steps include openness of share ownership data, supervision of overly concentrated share ownership risks, improvement of investor data quality, and encouragement to increase the portion of publicly circulating shares (free float). In addition, he said, they are being implemented simultaneously because they are interconnected to strengthen confidence in the market. OJK is carrying out these steps together with the self-regulatory organisation (SRO), namely the Indonesia Stock Exchange and the Indonesian Central Securities Depository (KSEI). All programmes are targeted for completion by March 2026 and have been completed on schedule. Hasan stated that data on shareholders holding more than 1 percent in all issuers on the BEI is now accessible as part of information transparency. The data is sourced from KSEI and announced through BEI’s official channels on OJK’s instructions. Publication began in early March 2026 with February position data and will be updated every month. According to him, the March position data was announced on 1 April 2026. Improvements in investor data quality have also been published on 1 April 2026. He mentioned that KSEI now presents investor type data with more detailed breakdowns, allowing market participants to see the investor composition more clearly. Meanwhile, rules regarding free float have been updated through amendments to Regulation I-A on share listing on the BEI. The new rules not only encourage an increase in the minimum free float limit but also clarify its definition to align with international practices. These rules also emphasise improvements in governance, including the quality of financial reports and the competence of those preparing them in listed companies. Information on overly concentrated share ownership is now announced to the public after market close. The announcement is made by BEI and KSEI. This information serves as an early warning for investors when making decisions, not because of any violation.