OJK to impose 5% ownership cap on IDX after demutualization
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 Financial Services Authority (OJK) is set to implement a 5 percent ownership cap on shares in the Indonesia Stock Exchange (IDX) post-demutualization. This measure will be enforced following the transformation of the bourse from a member-owned mutual company to a shareholder-owned private entity. According to Hasan Fawzi, OJK's chief supervisor of capital markets, entities that meet the criteria for strategic shareholder status, including Danantara, Bank Indonesia, and the Finance Ministry, will still be allowed to hold stakes surpassing the 5 percent threshold.
However, these exceptions will require approval through a specific process outlined in the new OJK regulation.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
