RRI.CO.ID, Jakarta - The Financial Services Authority (OJK) has welcomed FTSE Russell’s positive assessment of the Indonesia Stock Exchange (IDX), saying the result reflects global confidence in the Indonesian capital market.

In its FTSE Equity Country Classification March 2026 Interim Announcement, released on Tuesday, April 7, 2026, FTSE Russell maintained Indonesia’s classification as a Secondary Emerging Market.

In an official statement on Wednesday, April 8, OJK noted that Indonesia is not on the watch list, placing the country on par with major markets such as China and India.

OJK said the achievement stems from capital market reforms carried out through eight action plans aimed at accelerating market integrity. These steps, it added, demonstrate positive progress recognized as credible by global index providers.

FTSE Russell assessed that improvements in transparency, integrity, and governance continue to advance, with reform implementation to be monitored on an ongoing basis.

OJK reaffirmed its commitment to strengthening the capital market in collaboration with Self-Regulatory Organizations (SROs). Strategic policies are being implemented to enhance market competitiveness.

The regulator has also finalized four proposals to boost transparency: disclosure of share ownership, investor classification, increasing the free float, and announcing shareholding concentrations.

Transparency is further reinforced through beneficial ownership reporting, which applies to shareholders with significant holdings. OJK views this recognition as a positive signal for investors, reflecting growing confidence in Indonesia’s capital market.

Looking ahead, OJK pledged to pursue reforms consistently and strengthen communication with global index providers, including FTSE Russell.

The authority also reaffirmed its commitment to maintaining market stability and protecting investors, while encouraging product development and expanding the investor base. With sound economic fundamentals, OJK is optimistic that Indonesia’s capital market will become more credible, inclusive, and globally competitive.

FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), is a leading global index provider. Its indices include selected stocks worldwide and are widely referenced by international investors and fund managers as benchmarks for portfolio allocation. (Gusti Panji/Lasti Martina)