Jakarta – Indonesia Stock Exchange (IDX) continues to reaffirm its commitment to maintaining the integrity and credibility of the Indonesia’s capital market by monitoring Listed Companies’ compliance with their obligations. These efforts are carried out consistently, alongside the imposition of sanctions in accordance with Exchange Regulation No. I-H for any non-compliance, in order to support orderly, fair, and efficient trading.
Based on sanction data for the period January 1—31 March 2025, IDX has imposed a total of 845 sanctions on 494 listed companies. The details of these sanctions imposed during that period are as follows:
|
Type of Obligation |
Number of Sanctions | Total Listed Companies | ||||
| 31 March 2025 | 31 March 2026 | Change | 31 March 2025 | 31 March 2026 | Change | |
| Request for Explanation | 207 | 188 | -9% | 105 | 105 | – |
| Annual Listing Fee | 137 | 130 | -5% | 77 | 82 | 6% |
| Monthly Report of Securities Holders Registration | 142 | 128 | -10% | 69 | 62 | -10% |
| Public Expose | 111 | 127 | 14% | 65 | 70 | 8% |
| Financial Report | 93 | 98 | 5% | 70 | 50 | -29% |
| Others | 116 | 174 | 50% | 76 | 115 | 51% |
Based on sanction data as of 31 March 2026, IDX noted an increase in sanctions across several types of obligations. The most significant increase occured in sanctions for obligations in the “Others” category, which includes free float compliance, reports on the readiness of securities settlement funds, exploration activity reports for mining companies, and misstatements in the Financial Report or other information disclosures, with an increase of up to 50% in both the number of sanctions and affected Listed Companies. This was followed by increases in sanctions related to the submission and conduct of Public Exposes and the submission of financial report, which rise by 14% and 5%, respectively. Meanwhile, sanctions related to the submission of Monthly Report of Securities Holders Registration and Requests for Explanation declined by 10% and 9%, respectively. In terms of the number of Listed Companies, sanctions related to financial report and Monthly Report of Securities Holders Registration decreased by 29% and 10%, respectively, compared to the period ending March 31, 2025.
In addition to enforce Listed Companies compliance through sanctions, IDX also proactively promotes improvements in the quality of Listed Companies through various continuous guidance initiatives. This commitment is reflected in the issuance of Exchange Regulation No. I-A on March 31, 2026, as a strategic step to strengthen listing standards and enhance the quality and competitiveness of Listed Companies in Indonesia’s capital market. As of April 2026, IDX has conducted a number of guidance activities, including:
- Monthly socialization sessions on Capital Market Regulations, the use of the SPE-IDXNet, and the submission of Financial Statements in XBRL format;
- Educational programs for Listed Companies, including newly listed firms and those that have not yet met free float requirements;
- Compliance refreshment sessions for Listed Companies requiring further improvement in their compliance levels;
- Facilitation through various one-on-one meetings, seminars, and workshops to enhance capabilities, as well as roadshows activites to increase exposure and broaden investor base.
IDX regularly publishes monthly updates on sanctions data on the IDX website at https://www.idx.co.id/en/listed-companies/sanction/. This information is intended to enhance transparency for investors, support informed investment decision-making, and encourage improvements in the quality of Listed Companies through active investor engagement.
Going forward, IDX will continue to strengthen compliance among listed companies through consistent guidance, ongoing monitoring of obligations, and the imposition of sanctions for any violations. These efforts reflect IDX’s commitment to fostering a credible, transparent, and globally competitive capital market in Indonesia.
