JIPYONG LLC
GLOBAL LEGAL INSIGHT
Legal Insight: New Free Float Rules by IDX Regulation
September 17, 2026

On 31 March 2026, Indonesian Stock Exchange (“IDX”) issued significant changes to its listing rules through IDX Board of Directors Decision No. Kep-00045/BEI/03-2026 on the Listing of Shares and Equity Securities Other Than Shares Issued by Listed Companies (“IDX Regulation I-A”), together with IDX Circular Letter No. SE-00004/BEI/03-2026 on Clarification of Provisions on the Listing of Shares and Equity Securities Other Than Shares Issued by Listed Companies (“IDX Circular Letter”). These changes were introduced to ensure that securities trading remains aligned with market developments.

The amendments revise both initial and ongoing listing requirements, including higher free float thresholds for initial listing, ongoing free float levels, and an enhanced free float share definition. This revision also introduces an updated market capitalization-based calculation methodology. It also requires financial reporting and continuing education for relevant internal stakeholders.

 

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