Indonesia's financial services regulator, OJK, has issued rules barring the use of money-laundering proceeds and debt from being used to buy shares in the Indonesia Stock Exchange (BEI), idxchannel.com reports. The regulation forms part of a broader demutualization framework that also limits how much of the exchange any single party may control.
According to idxchannel.com, the prohibited funding sources include funds tied to money laundering as well as loans taken out to finance a purchase. Under the same rule, no shareholder may hold more than 50 percent of BEI, CNBC Indonesia reports.
The demutualization package arrives as the exchange prepares for a shareholder meeting. BEI has scheduled an extraordinary general meeting of shareholders for October 28, 2026, according to kupang.antaranews.com.
Coverage from Bisnis Indonesia frames the changes as a test of the exchange's independence, pointing to the entry of Danantara and the Ministry of Finance into the ownership picture. Kompas.id likewise reports that the OJK rule caps share ownership as part of the demutualization process.
Taken together, the provisions set both a funding test and an ownership ceiling for anyone seeking a stake in the exchange. The funding restriction targets the origin of the money used, while the ownership limit addresses how much influence a single holder can accumulate.
What to watch next is the October 28 shareholder meeting, where the ownership structure and the implementation of the new limits are expected to take shape.
