IDX Expands Underlying Stocks for Structured Warrant Products

In May 2025, Indonesia Stock Exchange (IDX) issued amendments to Regulation I-P concerning the Listing of Structured Warrants on the Exchange. One of the key points in the amendment is the expansion of eligible underlying stocks. Previously, underlying stocks were limited to those included in the IDX30 index, but now the regulation includes stocks listed in the IDX80 index. This move opens up opportunities for issuers to introduce a wider variety of structured warrant products, while also providing investors in the capital market with more investment instrument options. As of June 20, 2025, there are already four structured warrants using IDX80 index stocks outside the IDX30 index (EMTK, BRIS, PNLF, and BRMS).