Indonesia responds to MSCI investability warning: plans to double the free float requirement for listed companies to 15%

Glonghui, January 29｜Indonesia's financial regulatory authority stated on Thursday that it will double the free float requirement for listed companies to 15%. This is one of its responses to concerns raised by MSCI regarding the transparency of the Indonesia Stock Exchange, concerns which have triggered a large-scale market sell-off this week. The head of the financial regulatory authority said at a press conference that, in response to MSCI's concerns, several other measures will be taken, including initiatives aimed at making regulation more timely and effective.