Issuers Association Backs Capital Market Reforms, Urges Incentives

RRI.CO.ID, Jakarta - The Indonesian Issuers Association (AEI) has expressed support for the capital market reform agenda, emphasizing the importance of a measured, sustainable transition accompanied by incentives for companies.

“AEI views this reform as a crucial step to strengthen market structure and enhance credibility, as well as to encourage the sustainable deepening of Indonesia’s capital market,” AEI chairman Armand Wahyudi Hartono said in a written statement on Sunday, February 1, 2026.

AEI welcomed the government’s commitment to improving capital market governance, transparency, and quality, which Armand said sends a positive signal to both domestic and global investors.

From the issuers’ perspective, Armand added, capital market reform must be implemented through a measured, inclusive approach that accounts for businesses' readiness.

As a representative of issuers, AEI also supports reforms to improve capital market quality, including strengthening free-float requirements, enhancing ownership transparency, and deepening liquidity.

“These measures are prerequisites for Indonesia’s capital market to become more credible and competitive in the global arena. Capital market reforms must be implemented while considering the varying levels of readiness among companies,” Armand said.

He called for a gradual approach for companies, accompanied by an adequate transition period and policy flexibility, stressing that such measures are necessary to ensure the adjustment process proceeds smoothly without disrupting market stability.

Armand also said the reforms should not only impose compliance obligations but also provide incentives to improve governance and transparency.

This approach, he added, would help build a liquid, fair, and sustainable capital market grounded in strong corporate fundamentals, rather than one focused solely on meeting global indicators.

AEI stated that it is ready to serve as a strategic partner and support the government and regulators in ensuring effective policy implementation. “Capital market reform not only improves global perceptions, but also strengthens the foundation of the national business sector,” Armand concluded. ​(Gusti Panji/Lasti Martina)​