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View all search resultsIDX still drafting new free float rules as deadline nears
The bourse is racing against time as it tries to finish new rules on formalizing a minimum free float hike from 7.5 to 15 percent as part of its proposed solution to MSCI, with the Nyepi-Idul Fitri extended holiday just around the corner.
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An electronic information board at the Indonesia Stock Exchange (IDX) in South Jakarta shows a downward trend across the majority of stocks during the lunch break on Jan. 29, 2026, when the IDX Composite index fell 6.3 percent after global investment firm MSCI raised concerns about free float and trading transparency. (TJP/Deni Ghifari)
T
he Indonesia Stock Exchange (IDX) is still working on a draft of new free float requirements as the clock ticks down, with just around a week left until its self-imposed deadline.
IDX executive I Gede Nyoman Yetna said the IDX was still “in the process of formulating” Rule I-A on stock listing requirements that included minimum free float, or the portion of outstanding shares available for unrestricted public trading.
“The IDX will keep pushing for increased market quality, including through raising the minimum amount of free float for each listed company,” Nyoman said on Thursday, as quoted by Kompas.com.
The minimum free float is currently set at 7.5 percent, and the bourse and the Financial Services Authority (OJK) are looking to increase the requirement to 15 percent.
The move is part of the financial authorities' broader measures in response to a warning from MSCI, which threatened to downgrade Indonesia’s status from emerging to frontier market if authorities failed to satisfy the global stock market index compiler's concerns on transparency and price manipulation by May.
The IDX and the OJK set their own deadline for implementing solutions by the end of this month amid reduced workdays, given that Nyepi (Day of Silence) and Idul Fitri overlap this year with an extended holiday period running from March 19 to 24.
Read also: OJK vows to fast-track capital market reform proposed to MSCI
