OJK Reviews New Rules on Simplifying IPO Documentation

The Financial Services Authority ("OJK") is currently preparing strategic measures to strengthen the attractiveness of the Indonesian capital market as a source of long-term financing for corporations. This includes accelerating fundraising activities through the simplification of documentation in Initial Public Offering ("IPO") process, making it more efficient without compromising the quality of issuers.

“The OJK is currently conducting a review of public offering regulations, with a focus on simplifying registration statement documentation,” said Hasan Fawzi, Chief Executive of Capital Market, Financial Derivatives, and Carbon Exchange Supervision at the OJK.

The OJK is also taking into account the risk of revising downward the target number of IPOs. This measure is intended to achieve the minimum free float standard of 15% for new issuers, following the implementation of amendment to Exchange Rule No. I-A – Appendix to Decree of the Board of Directors of PT Bursa Efek Indonesia ("BEI") No. KEP-00045/BEI/03-2026 on the Listing of Shares and Equity Securities Other than Shares Issued by Listed Companies ("Rule I-A"), which has been in effect since 31 March 2026.