What Did Purbaya Say About the Finance Ministry Owning IDX Shares?
What Did Purbaya Say About the Finance Ministry Owning IDX Shares?
Reporter
June 24, 2026 | 06:43 pm
TEMPO.CO, Jakarta - Finance Minister Purbaya Yudi Sadewa said the Ministry of Finance currently has no plans to acquire shares in the Indonesia Stock Exchange (IDX), despite a new regulation allowing the government institution to become a shareholder of the stock market operator.
The statement came after the latest revision of the Financial Sector Development and Strengthening Law (P2SK Law) introduced provisions that allow the Ministry of Finance, along with other state institutions, to own shares in PT Bursa Efek Indonesia (BEI), the company that operates the Indonesian stock exchange.
“So far, not yet,” Purbaya said when asked about the ministry’s plan to hold IDX shares in Tanjung Priok, North Jakarta, on Tuesday, June 23, 2026.
The revised P2SK Law, officially passed by the House of Representatives (DPR) on June 4, 2026, includes provisions on the demutualization of the stock exchange, changing IDX’s structure from a membership-based organization into a limited liability company.
Under Article 8 paragraph 1 of Law No. 4 of 2026, the stock exchange is defined as a limited liability company established by several independent companies that are not affiliated with one another.
The law also allows the Ministry of Finance, Bank Indonesia (BI), and the Daya Anagata Nusantara Investment Management Agency (Danantara), Indonesia’s sovereign investment agency, to become shareholders of the stock exchange.
“The Ministry of Finance, Bank Indonesia, and Danantara may become shareholders of the Stock Exchange,” according to Article 8B paragraph 1 of the revised law.
The regulation also states that IDX shareholders may consist of individuals or legal entities in Indonesia, including both exchange members and non-members.
However, the law stipulates that share ownership by the Ministry of Finance, BI, and Danantara must be implemented while maintaining the independence of the stock exchange.
The revision marks a shift in IDX’s ownership structure, which previously relied on a membership-based model, allowing a broader ownership framework that includes the possibility of participation from government institutions.
The law was officially approved during a DPR plenary session on Thursday, June 4, 2026.
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