OJK says it is going all-out on Indonesia capital market reforms
Jakarta, Oct. 20 -- Indonesia's Financial Services Authority (OJK) has reiterated its commitment to comprehensive capital market reforms following an evaluation by Morgan Stanley Capital International (MSCI).
"It is wrong to assume that we are doing nothing. We have instead been going all-out in everything we have done," OJK Board of Commissioners Chair Friderica Widyasari Dewi said during a doorstep interview with journalists in Jakarta on Tuesday.
Among the reforms introduced by OJK this year are mandatory disclosure of shareholdings exceeding 1 percent, measures to address high shareholding concentration (HSC), and a gradual increase in the minimum free-float requirement to 15 percent.
OJK has also expanded its investor classificati...
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