MKK Legal News
Bulletin: February 1, 2026
Regulation:

I. OJK/IDX 15% Minimum Free Float Mandate

Summary: Announced on January 29, 2026, the Financial Services Authority (OJK) and Indonesia Stock Exchange (IDX) have officially raised the minimum public shareholding requirement for all listed companies from 7.5% to 15%. This alignment with MSCI global standards aims to enhance market liquidity and institutional transparency.
Legal Implication: Listed entities failing to meet the 15% threshold within the designated transition period face mandatory exit policies (delisting). General Counsel must urgently review shareholder structures and ultimate beneficial ownership disclosures.
Regulation:

II. Danantara Sovereign Fund Infrastructure Framework

Summary: On January 30, 2026, Indonesia's new sovereign wealth super-fund, Daya Anagata Nusantara (Danantara), signed a major framework agreement for energy and logistics integration. This signals a shift in how major infrastructure projects will be financed, moving toward a consolidated state-managed investment model.
Legal Implication: Foreign investors in the energy and logistics sectors should anticipate new procurement and joint-venture protocols. Engagement with state-owned enterprises (SOEs) will now largely be mediated through the Danantara governance framework.
Regulation:

III. OJK Circular 21/SEOJK.07/2025 on Fintech & Crypto

Summary: Effective January 30, 2026, OJK has implemented stricter "Fit and Proper" reassessment requirements for primary parties in the Digital Financial Asset and Crypto sectors. This includes enhanced vetting of controllers and management to mitigate systemic risk in the digital economy.
Legal Implication: Fintech firms and crypto exchanges must update their internal compliance filings. Failure to pass these rigorous reassessments by the Q1 2026 deadline will result in the immediate suspension of operational licenses.