{
  "id": 16577905,
  "title": "Indonesia extends share buyback policy until June 2027 amid market volatility",
  "url": "https://urgent.news/2026/10/26/indonesia-extends-share-buyback-policy-until-june-2027-amid-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T08:39:01.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1563968/indonesia-extends-share-buyback-policy-until-june-2027-amid"
  },
  "original_language": "en",
  "account": "Indonesia's Financial Services Authority (OJK) has extended its policy permitting listed companies to buy back shares without shareholder approval until June 2027, as the country seeks to bolster market stability following a significant stock market decline. OJK's Capital Markets, Financial Derivatives and Carbon Exchange Supervision division chief Hasan Fawzi explained that the extension, initially set to end in December 2026, was in response to requests from companies seeking clarity on the timeframe for such transactions. Some companies found the current share prices to be advantageous for buybacks. However, OJK emphasized that these buybacks must still adhere to the minimum free-float requirement to avoid undermining public trading.\n\nThe policy extension comes in the wake of a sharp market sell-off on October 16, which led to a temporary halt in trading. The Jakarta Composite Index (IHSG) had plummeted to a low of 4,907.37 points before recovering and closing at 5,439.2 points by the end of the week. OJK reported that the index rebounded by 4.9% during the October 19-23 trading week.\n\nMeanwhile, Jeffrey Hendrik, president director of the Indonesia Stock Exchange (IDX), announced that FTSE Russell, a global index provider, had reaffirmed Indonesia's classification as a Secondary Emerging Market. This reaffirmation was made during an online meeting on October 23, following discussions on reforms aimed at enhancing transparency, liquidity, and market surveillance. FTSE Russell noted that their October 6 report confirmed Indonesia's continued status as a Secondary Emerging Market and that the country was not placed on their watchlist for potential issues.\n\nIn light of these developments, IDX plans to introduce more targeted surveillance measures to detect and address suspected share price manipulation. This includes publicly announcing investigations and potentially restricting or suspending specific securities accounts. The exchange also intends to expand its High Shareholding Concentration committee, bringing the total number of members to nine. This expanded committee will comprise four representatives from market self-regulatory organizations and five independent external members from the financial industry, academia, and the investment community. The goal is to strengthen transparency, governance, and the credibility of the process used to identify stocks with highly concentrated ownership.",
  "summary": "JAKARTA: Indonesia's Financial Services Authority (OJK) has extended a policy allowing listed companies to buy back their own shares without shareholder approval until June 2027, amid efforts to strengthen market stability following a sharp stock market sell-off.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}