Jakarta – In response to the feedback from MSCI Inc. (MSCI) and as part of a broader, decisive agenda to strengthen credibility, integrity, and transparency of Indonesia capital market, Indonesia Stock Exchange (IDX) and Indonesia Central Securities Depository (KSEI) with guidance from Indonesia Financial Services Authority (OJK) has conducted online meetings with MSCI to explore on several initiatives as follows:
- Expansion of share ownership disclosure. Share ownership data is no longer limited to holdings above 5%. Additional monthly disclosures covering ownership stakes above 1% will be introduced to further enhance market transparency.
- Enhancement of investor classification within the Single Investor Identification (SID). The SID framework currently recognizes 9 investor types. KSEI will collaborate with market participants to incorporate additional data fields aimed at enhancing data granularity. This enhancement will be implemented by introducing 27 investor classification as subcategories under the Corporate (CP) and Others (OT) of the SID investor types.
- Increase in the minimum free float requirement. As a continuation of our current effort to enhance market deepening and align with the eight action plans for accelerating capital market integrity reform in Indonesia, we will increase the minimum free float requirement from the current 7.5% to 15%. The increase will be implemented gradually.
All of these initiatives are targeted to be delivered before the end of April 2026. Going forward, IDX and KSEI with guidance from OJK, reaffirm strong commitment to maintaining timely, proactive, and constructive engagement with MSCI. These actions are expected to deliver tangible improvements in market transparency and further enhance the global competitiveness of Indonesia’s capital market.
