OJK to Establish Task Force for Capital Market Reform

1 week ago 24

February 6, 2026 | 08:37 am

TEMPO.CO, Jakarta - The Financial Services Authority (OJK) will establish a Capital Market Integrity Reform Task Force, confirmed Acting Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, at the 2026 Annual Meeting of Financial Services Industry.

"We have spoken with the Coordinating Minister for Economic Affairs, and we will soon establish a Capital Market Integrity Reform Task Force," said Friderica in her address at Hotel Bidakara, Jakarta, on Thursday, February 5, 2026.

The task force will be responsible for ensuring that OJK's eight accelerated reform action plans can be realized according to the predetermined timeline.

The eight action plans include increasing the free float requirement from 7.5 percent to 15 percent; disclosure of Ultimate Beneficial Ownership (UBO); expansion of disclosure on types of investors and share ownership from the previous 5 percent to above 1 percent; demutualization of the Indonesia Stock Exchange; law enforcement and sanctions; issuer governance improvement; deepening the market through integration; and synergy and collaboration with all stakeholders and financial service industry players.

According to Friderica, with the current dynamics in the capital market, high growth is no longer adequate. "Improvement measures are needed to ensure high-quality growth in the capital market," she said.

Acting Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision at OJK, Hasan Fawzi, added that for now, OJK will be working with the Coordinating Ministry for Economic Affairs and the Ministry of Finance in the capital market reform task force. But OJK is open to expanding the involvement of other ministries and state agencies. 

Hasan said the task force's organizational structure will consist of a Board of Directors and Executives or Daily Chair. The task will be carried out in each institution according to their respective duties and functions.

Read: OJK and IDX Prepare 8 Action Plans for Market Reform 

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