Indonesia Approves Phased Free Float Rule Implementation
Indonesia's financial regulator approved a phased three-year plan for 15% free float rules. The move aims to boost transparency and address key MSCI concerns.
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The financial regulator in Indonesia has approved a phased three-year implementation plan for new free float requirements designed to enhance market transparency. Hasan Fawzi, the chief capital market supervisor at the Financial Services Authority (OJK), confirmed on Wednesday that the legally binding rules for the transition will be issued by the end of March.
