OJK Aims to Finalize BEI Demutualization Regulation by September 2026

Jakarta: Indonesia's Financial Services Authority (OJK) aims to issue a new regulation governing the demutualization of the Indonesia Stock Exchange (BEI) by September 2026. 

OJK Executive Head of Capital Market, Derivative Finance, and Carbon Exchange Supervision Hasan Fawzi stated that the draft regulation is currently in its finalization stage following extensive discussions and harmonization with the Ministry of Law.

"Thankfully, the process is going smoothly. It is progressing as planned and is currently being finalized. We expect to wrap it up this month, in the third quarter, this September," he said in Jakarta on Friday, September 4, 2026, as quoted by Antara.

He explained that the OJK has internally completed most of the drafting process for the proposed regulation. 

Moving forward, the authority also plans to hold a Focus Group Discussion (FGD) with the House of Representatives (DPR RI) to further refine and finalize the draft regulation. 

Following that process, the OJK will await the completion of the harmonization review by the Ministry of Law before proceeding with the official numbering and enactment of the regulation.

"Following that, we will naturally await the outcome of the harmonization process by the Ministry of Law. Once completed, it will simply be a matter of numbering and formal enactment by the OJK to bring it into force," Hasan said.

Institutional adjustments at the BEI 

Once the demutualization regulation takes effect, Hasan added, the BEI will need to make a series of adjustments to both its articles of association and exchange rules affected by the shift in institutional and ownership structures. 

"This must be followed up by the Stock Exchange (BEI) through the necessary adjustments, particularly regarding amendments to its articles of association, given that its institutional structure, ownership model, and organizational nature will have changed," he said. 

Following these steps, the exchange's shareholders will execute a decision-making mechanism to allow non-exchange members to acquire shares in the newly structured BEI. 

"After that, a decision-making mechanism will be carried out by the exchange's shareholders to subsequently invite parties other than exchange members to become new shareholders of the Stock Exchange," Hasan explained. 


(Razaqa Hariz)