PT Bursa Efek Indonesia (BEI) plans to publish share ownership data below 5 percent starting early February 2026, as part of capital market reforms to enhance investor confidence. This move is spurred by Morgan Stanley Capital International (MSCI) evaluation and the correction in the Composite Stock Price Index (IHSG), backed by government support through various transparency and governance initiatives.
The MSCI evaluation triggering the IHSG correction has become a catalyst for Indonesia's capital market reforms. On February 1, 2026, BEI Development Director Jeffrey Hendrik announced a commitment to enhance transparency by disclosing share ownership data below 5 percent for listed companies, starting early February 2026. "We will further improve the disclosure of share ownership data more transparently, including for share ownership or shareholder shares below 5 percent, so that it will be on par with other global exchanges," Jeffrey stated at the Capital Market Participants Dialogue in BEI, Jakarta.
BEI, in collaboration with PT Kustodian Sentral Efek Indonesia (KSEI), will refine investor classifications, adding categories like sovereign wealth fund (SWF) and private equity (PE) to align with MSCI standards. Socialization begins next week, targeting completion by April 2026. National Economic Council (DEN) Chairman Luhut Binsar Pandjaitan emphasized priorities of investor protection and market stability, supporting six reform steps including ultimate beneficial owner (UBO) disclosure, raising the minimum free float from 7.5 percent to 15 percent, BEI demutualization, and AI utilization for supervision.
Danantara Chief Investment Officer Pandu Sjahrir described these reforms as efforts to build long-term trust. Danantara CEO Rosan Roeslani is confident the IHSG will rebound on February 2, 2026, due to positive foreign investor responses, who requested lowering the disclosure threshold further. The Financial Services Authority (OJK) and self-regulatory organizations (SRO) will meet MSCI that day to confirm reform readiness. These measures are expected to attract more foreign investors and strengthen Indonesia's weight in global indices.
