IDX Issues New Regulations to Improve Regulations on Delisting and Relisting of Shares

AEINews - The Indonesian Stock Exchange (BEI) has issued BEI Regulation Number I-N which brings major changes to the regulations for share delisting, EBUS, and share relisting in the Indonesian capital market. This regulation emphasizes the importance of improving the health of companies rather than simply delisting them, with the main aim of protecting investors and improving the quality of listed companies.

IDX Director of Company Assessment, I Gede Nyoman Yetna, stated that this regulation strengthens investor protection and increases transparency regarding the potential for forced delisting and includes a plan to restore the condition of listed companies. Controllers, directors and board of commissioners are required to provide a written statement regarding buyback obligations in the event of delisting.

In addition, the delisting fee was increased from 2 times the Annual Listing Fee (ALF) to 5 times the ALF to encourage companies to consider delisting decisions more seriously. The criteria for forced delisting are also expanded, including going concern problems, default for 6 months, and non-compliance with applicable regulations.

On the other hand, this regulation simplifies the relisting process, where companies only need to pay off previous payment obligations and follow the initial listing provisions on the Main Board or Development Board. Thus, IDX Regulation Number I-N shows a strong commitment to improving investor integrity and protection, as well as encouraging companies to maintain the quality and health of their business in the Indonesian capital market.

Source: emitennews.com