Jakarta, April 3 -- Indonesia has completed stock market reform as part of efforts to win back investors' confidence after transparency concerns triggered a mass sell-off earlier this year.
This move comes after global index compiler MSCI warned it might downgrade the Indonesian market amid investor concerns about a lack of transparency in shareholding structure and signs of coordinated trading activities.
Under pressure from international markets, Indonesian authorities have implemented a series of measures to enhance transparency. These include requiring disclosure from shareholders holding more than 1% of publicly listed company shares and increasing the minimum free float ratio to 15%.
Financial Services Authority capital market supe...