January 29, 2026 | 05:24 pm
TEMPO.CO, Jakarta - The Chair of the Financial Services Authority (OJK), Mahendra Siregar, stated that he would work at the Indonesia Stock Exchange (IDX) starting tomorrow, Friday, January 30, 2026. This decision comes after Morgan Stanley Capital International (MSCI) temporarily froze the Indonesian stock index rebalancing, causing the Indonesia Composite Index (IHSG) to plummet for two consecutive days.
Mahendra stated that the OJK and the capital market's Self-Regulatory Organization (SRO) are currently focusing on steps to improve the market. He said, "The focus is on reform, entirely for its improvement, and it's progressing quickly, accurately, and effectively. And to ensure that, starting tomorrow, we will also work here," during a press conference at the Indonesia Stock Exchange on Thursday, January 29, 2026.
According to Mahendra, the reform aims to enhance the transparency and integrity of the Indonesian stock market. Thus, the Indonesia Stock Exchange can align itself with international developments and standards.
Mahendra stated that the OJK views the MSCI statement as valuable input. "Because we see that the institution still wants to include shares of Indonesian issuers in the global index, which indicates that the Indonesian stock market is very potential and investable for international investors," he said.
As part of its improvement efforts, IDX will soon issue a regulation requiring a minimum of 15 percent free float. Under the current regulation, the minimum free float of shares is 7.5 percent.
IDX's President Director, Iman Rachman, is also scheduled to meet with MSCI representatives next Monday. "Since a few days ago, we have directly discussed with foreign investors. They requested time from us to explain the steps taken by OJK and SRO," said Iman.
Read: IDX to Require Minimum 15% Free Float
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