AEI, OJK, and IDX Hold Follow-Up Discussion on Accelerating Capital Market Reform

Jakarta, February 4, 2026 — The Indonesian Listed Companies Association (AEI), in collaboration with the Financial Services Authority (OJK) and PT Indonesia Stock Exchange (IDX), held a Follow-Up Discussion on the Action Plan for Accelerating Capital Market Reform at the Indonesia Stock Exchange Building, Jakarta, on Wednesday (February 4).

The discussion formed part of the implementation of the Capital Market Integrity Reform Acceleration Action Plan, focusing on the evaluation and adjustment of regulations to strengthen market structure, improve the quality of listed companies, and safeguard the integrity and competitiveness of Indonesia’s capital market.

AEI was represented by its board members and committee representatives, including Armand Wahyudi Hartono, Chairman of the Indonesian Listed Companies Association; Wardhana Atmadja, Vice Chairman; Ajib Hamdani, Member of AEI’s Communication and Inter-Institutional Relations Committee; Diah P. Gandhi, Education Committee Member and Head of AEI’s Legal and Tax Clinic; E. Agung Setiawati, Member of the Education Committee; and Gilman Pradana Nugraha, Executive Director of AEI.

From the regulatory side, the discussion was attended by Hasan Fawzi, Member of the Board of Commissioners of OJK, acting as Deputy Chief Executive for Capital Market, Derivative Finance, and Carbon Exchange Supervision. Representing the Indonesia Stock Exchange were Jeffrey Hendrik, Acting President Director of IDX, and I Gede Nyoman Yetna, Director of IDX.

One of the key topics discussed was the adjustment of the Free Float policy, including a change in the calculation basis from equity value to market capitalization, an increase in the minimum Free Float requirement, as well as the strengthening of sanction mechanisms and exit strategies for listed companies that fail to meet the requirements.

AEI Chairman Armand Wahyudi Hartono emphasized that capital market reform should be implemented in a measured and sustainable manner, while taking into account the readiness of listed companies and maintaining investor confidence. AEI encourages that any regulatory adjustments be carried out through constructive dialogue among regulators, the exchange, and market participants.

Through this discussion, AEI conveyed various strategic inputs reflecting the aspirations of listed companies, particularly regarding the implementation of fair and transparent policies aligned with global capital market best practices. AEI remains committed to actively supporting Indonesia’s capital market reform agenda to foster a healthy, high-integrity, and globally competitive capital market ecosystem over the long term.