Video: DPR: Capital Market Reform Drives Indonesia's Credibility on Global Stage
Jakarta — CNBC Indonesia convened the Market Outlook 2026 with the theme “Capital Market Reform: Integrity and Credibility” as a strategic forum to assess market direction and new growth opportunities, bringing together perspectives from regulators, policymakers, and key industry participants.
Mukhamad Misbakhun, Chairman of Commission XI of the House of Representatives, stated that the capital market plays a vital role as a symbol of Indonesia’s economic face, as it relates to investor credibility and confidence in Indonesia, encompassing state-owned enterprises and private sector actors that drive the economy.
Amid global economic and geopolitical turbulence, Indonesia’s capital market must be strengthened through policy reform support and enhanced oversight.
Acting Chief Executive of the OJK’s Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Division, Hasan Fawzi, confirmed a series of strategies to strengthen the integrity and credibility of Indonesia’s capital market following a “wake-up call” from global rating agency MSCI’s assessment.
The OJK, together with Self-Regulatory Organisations (SROs) and supported by government, has undertaken a series of measures to align with MSCI requirements whilst serving as momentum for comprehensive and structural improvement through eight action plans to accelerate capital market integrity reform.
Current efforts to strengthen the stock exchange address MSCI and FTSE Russell requirements through four key measures: introducing share data transparency, disclosing shareholding data for investors holding more than 1% of shares, promoting public participation depth with free float rising to 15%, and introducing a Shareholder Concentration List.
Jeffrey Hendrik, Acting Chief Executive of the Indonesia Stock Exchange (BEI), revealed serious steps by BEI to address MSCI and FTSE Russell requirements whilst strengthening communication with the public and listening to feedback from participants and issuers, including the increase in free float to 15%. This is being undertaken to produce collaborative solutions to deepen Indonesia’s financial market.
Samsul Hidayat, Chief Executive of the Indonesia Securities Depository Agency (KSEI), outlined measures to improve data structure and transparency in Indonesia’s stock exchange. KSEI has successfully expanded the Single Investor Identification (SID) data structure from nine categories to 28 sub-categories, with 97% of investor data already improved.
Additionally, shareholder data for holdings above 1% will be presented in greater detail compared to previous regulations that only required disclosure above 5%.