TEMPO.CO, Jakarta - The Indonesian Ministry of Finance, Bank Indonesia, and the Danantara Investment Management Agency can become shareholders of PT Indonesia Stock Exchange (IDX).
This new provision is stipulated in Law Number 4 of 2026 concerning Amendments to Law Number 4 of 2023 concerning the Financial Sector Development and Strengthening (UU P2SK), which was ratified by President Prabowo Subianto on June 17, 2026.
"The Ministry of Finance, Bank Indonesia, and Danantara may become shareholders of the Stock Exchange," as stated in Article 8B Paragraph 1 of the regulation, quoted on Monday, June 22, 2026. Meanwhile, according to Article 8B, Paragraph 2, these parties own shares while maintaining the IDX's independence.
This change to the provision is in line with the IDX's demutualization plan, which will allow the exchange to become a publicly listed company. Article 8 Paragraph 3 of the Law mentions that the shareholders of IDX consist of individuals and/or Indonesian legal entities, whether exchange members or non-members.
The explanation section states that Article 8 Paragraph 3 reflects the nature of the IDX, which is not based on membership (mutual), but is demutualized and profit-oriented. "With a profit-oriented nature, the Stock Exchange can attract the interest of large investors who have a significant role in advancing the Stock Exchange," as written in the regulation.
Rosan Roeslani, the Chief Executive Officer of Danantara, previously expressed interest in becoming a shareholder of the stock exchange on behalf of his institution. According to him, Danantara is allowed to invest directly or indirectly in various assets, in accordance with applicable policies.
Rosan Roeslani claimed that their institution would remain independent after entering the IDX following the completion of the demutualization process. "Of course, we will still be independent and conduct evaluations. If the pricing is good, Danantara will certainly enter the capital market," said Rosan Roeslani to reporters at the Indonesia Stock Exchange, on Sunday, February 1, 2026.
Read: JCI and Rupiah Close Lower on Monday, What's Behind It?
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