OJK Accelerates Capital Market Reform Thru Eight Actions

RRI.CO.ID, Jakarta - The Financial Services Authority (OJK), along with the government and stakeholders, is committed to accelerating the reform of the Indonesian capital market thru eight strategic action plans. This step aims to strengthen liquidity, increase transparency, and maintain overall investor confidence.

The acting Chairman of the OJK Board of Commissioners, Friderica Widyasari Dewi, expressed her commitment to implementing ambitious reforms in accordance with global standards. This effort is expected to make the Indonesian capital market more credible and capable of optimally supporting national economic growth.

"OJK, together with Self-Regulatory Organizations, the Indonesia Stock Exchange, the Indonesia Clearing and Guaranty Corporation, and the Indonesia Central Securities Depository, expresses its commitment to implement bold and ambitious reforms in the Indonesian capital market in accordance with best practices and meet the expectations of Global Index Providers," Friderica stated, jakarta, sunday, 1 february 2026.

The eight action plans are grouped into four main clusters: free float policy, transparency, governance, and synergy. The first cluster focuses on gradually increasing the minimum free float limit for issuers to 15 percent for both existing and new companies.

The free float adjustment is made so that the Indonesian capital market aligns with international best practices in the near future. Issuers can meet this requirement through various corporate actions such as rights issues or employee stock ownership programs.

The government also provides support by adjusting investment limits in the insurance and pension fund sectors to broaden the investor base. In addition, the Financial Services Authority (OJK) strengthens transparency of ultimate beneficial ownership to attract foreign investment interest.

Share ownership data will be strengthened to be more in-depth and reliable according to the classification of global investor sub-types. Later, KSEI will supply this data to the Indonesia Stock Exchange for regular publication on the exchange's official website.

The next action plan includes the demutualization of the Indonesia Stock Exchange to improve governance and minimize potential conflicts of interest. The OJK will also tighten sanctions against transaction manipulation and the dissemination of misleading information that harms retail investors.

The authorities are mandating continuing education for company executives and certification for those preparing financial reports for issuers. This step is being taken in conjunction with integrated market deepening efforts thru synergy between the Financial Services Authority (OJK), the Ministry of Finance, and Bank Indonesia.

The acting Chief Executive Officer of the Financial Services Authority's Capital Market Supervisory Board, Hasan Fawzi, emphasized the importance of investor protection to maintain the integrity of the financial market. OJK is committed to taking concrete action to ensure the capital market remains strong as a main pillar of the national economy.

"OJK will certainly continue to be present, will work together with all of you, and will continue to take concrete action to maintain public trust and, of course, also protect investors in our capital market, and of course, ensure that our capital market and the entire Indonesian financial market will grow healthily, with integrity, competitiveness, and also sustainably," Hasan conveyed.