IDX Aims to Roll Out Free-Float Stock Regulations in March

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February 6, 2026 | 01:53 pm

TEMPO.CO, Jakarta - Indonesia Stock Exchange (IDX) will adjust stock listing rules, including free float requirements. These new provisions will be included in the amendments to Regulation Number I-A regarding the Listing of Shares and Equity Securities Other than Shares Issued by Listed Companies.

"The implementation of these regulatory adjustments is planned for March 2026," said IDX Corporate Secretary Kautsar Primadi Nurahmad in an official statement quoted on Friday, February 6, 2026. The adjustments include raising the minimum free float requirement to 15 percent from the previous 7.5 percent. These provisions will be implemented gradually, with specific targets set for each stage.

Additionally, the rule changes involve improving corporate governance by implementing continuous education obligations for the boards of directors, commissioners, and audit committees of listed companies. Furthermore, directors and those one level below the board of directors are required to be competent in accounting in order to improve the quality of the company's financial reporting.

These regulations also raise the financial, operational, and governance requirements for prospective listed companies, aiming to increase investor confidence.

Kautsar stated that IDX had held a public hearing with several associations in the Indonesian capital market on Thursday, February 5, 2026. Attendees included representatives from the Indonesian Securities Companies Association (APEI), Indonesian Pension Fund Association (ADPI), Indonesian Issuers Association (AEI), Indonesia Corporate Secretary Association (ICSA), Indonesian General Insurance Association (AAUI), and Indonesian Investment Manager Association (PWMI).

In the forum, Kautsar said that IDX received various responses and inputs from the associations, which will be considered in the formulation of the draft amendment to IDX Regulation Number I-A. "Furthermore, the Exchange will also hold public hearings with other stakeholders, including listed companies and exchange members, on February 6, 2026," he said.

The draft Regulation Number I-A can be accessed through https://www.idx.co.id/id/peraturan/rancangan-peraturan/. The period for collecting input from market participants will run from February 4 to 19, 2026.

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