Entities that meet the criteria for “strategic shareholder”, such as Danantara, Bank Indonesia and the Finance Ministry, will still be permitted to hold stakes above the 5 percent cap.
The logo sign of the Indonesia Stock Exchange (IDX) reflects the sun on April 19, 2026, at the bourse’s headquarters in Kebayoran Baru, South Jakarta. (JP/Iqro Rinaldi)
The Financial Services Authority (OJK) plans to impose a 5 percent limit on owning shares in the Indonesia Stock Exchange (IDX) following the rollout of demutualization, which will transform the bourse from a member-owned mutual company held by brokerages into a shareholder-owned private company.“So, any entity seeking to become a shareholder in the stock exchange is allowed to do so, provided that their shareholding doesn’t exceed 5 percent of total shares issued by the exchange,” Hasan Fawzi, the OJK’s chief supervisor of capital markets, said on Thursday in Jakarta, as quoted by Antara.
Read also: OJK to issue regulation on IDX demutualization in September
Hasan also noted that ownership above the planned cap would still be possible, particularly for entities that met the criteria for classifying as a strategic shareholder, including state asset fund Danantara, Bank Indonesia (BI) and the Finance Ministry.
