The Indonesia Stock Exchange (IDX) has introduced a minimum free float requirement of 15% for listed companies, up from the previous 7.5%, as part of broader capital market reforms, Jakarta Globe reported Tuesday.

The rule, approved by the Financial Services Authority (OJK), aims to improve company quality, strengthen governance, and enhance investor protection. Companies have been given a transition period to comply, with large-cap firms required to meet the threshold by 2028 and smaller firms by 2029, the report said.

IDX is also pushing for stronger corporate governance practices, including improved financial reporting and mandatory training for board members and audit committees. Firms that fail to meet the requirement within the set timeline risk delisting under OJK regulations, according to the report.

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