[{"_1":2,"_104":-5,"_105":-5},"loaderData",{"_3":4,"_28":29,"_30":31},"root",{"_5":6,"_7":-5,"_8":9},"locale","id","session","ENV",{"_10":11,"_12":13,"_14":15,"_16":17,"_18":19,"_20":21,"_22":23,"_24":25,"_26":27},"APP_ENV","production","APP_URL","https://veritask.ai","GA_MEASUREMENT_ID","G-X1BV3QBZEM","META_PIXEL_ID","4698743733686194","TIKTOK_PIXEL_IDS","D8A3HTBC77U9J3L243V0","CLARITY_PROJECT_ID","wn9rn7xb4l","AMPLITUDE_API_KEY","74a0c7cc1509a379d3647ec140dd375","MIDTRANS_CLIENT_KEY","Mid-client-hwjEU5pmwAKVMbIA","MIDTRANS_SNAP_URL","https://app.midtrans.com/snap/snap.js","routes/$locale",{"_5":6},"routes/$locale.search-engine.regulation.$regulationId",{"_32":33,"_34":35},"regulationId","4acadfa7-021f-4a4c-887c-1baf96e1e785","regulationData",{"_36":33,"_37":38,"_100":101,"_102":103},"regulation_id","overview",{"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":-5,"_50":51,"_52":53,"_58":59,"_60":61,"_65":66,"_70":71,"_72":-5,"_73":-5,"_74":-5,"_75":-5,"_76":-5,"_77":78,"_79":80,"_81":82,"_83":84,"_85":86,"_87":-5,"_88":-5,"_89":-5,"_90":-5,"_91":-5,"_92":-5,"_93":-5,"_94":-5,"_95":-5,"_96":-5,"_97":-5,"_98":99},"title","Keputusan Direksi PT Bursa Efek Indonesia Nomor KEP-00029/BEI/02-2026 perihal Ketentuan Parameter Efek Liquidity Provider Saham serta Efek Insentif Liquidity Provider Saham dan Kewajiban Kuotasi Liquidity Provider Saham","short_title","Keputusan Direksi PT Bursa Efek Indonesia Nomor KEP-00029/BEI/02-2026","number","KEP-00029/BEI/02-2026","year","2026","published_date","2026-02-26","effective_date","status_id","3611a577-44a0-41ad-986d-7457e14f52ff","status",{"_6":51,"_54":55,"_56":57},"name","Berlaku","description","Peraturan yang masih berlaku dan memiliki kekuatan hukum yang mengikat","type_id","9c8d0248-87ba-403b-902c-3733c0712e05","type",{"_6":59,"_54":62,"_63":64},"Keputusan Direksi PT Bursa Efek Indonesia","short_name","Kep BEI","subjects",[67],{"_6":68,"_54":69,"_56":-5},"feb8f454-1631-42b4-a835-e67ae0546d27","Pasar Modal & Bursa Komoditi","tags",[],"location","place_of_enactment","theme","subject_matter","abstract","regulatory_relationship","Peraturan ini mengubah:\n2. Peraturan Nomor II-Q tentang Kegiatan Liquidity Provider Saham di Bursa (Lampiran Keputusan Direksi PT Bursa Efek Indonesia Nomor: Kep-00003/BEI/04-2025 pada tanggal 30 April 2025).","scope_and_parties","Peraturan ini mengatur mengenai ketentuan parameter Efek Liquidity Provider Saham, Efek Insentif Liquidity Provider Saham, dan kewajiban Kuotasi Liquidity Provider Saham. Tujuannya adalah untuk menyesuaikan parameter dan kewajiban tersebut agar lebih selaras dengan kondisi pasar terkini dan karakteristik masing-masing saham, berdasarkan hasil monitoring dan evaluasi berkelanjutan atas efektivitas skema Liquidity Provider Saham. Peraturan ini menetapkan kriteria spesifik untuk Efek Liquidity Provider Saham dan Efek Insentif Liquidity Provider Saham, termasuk persyaratan volume transaksi, frekuensi transaksi, kapitalisasi saham, rentang harga, dan jumlah saham free float. Selain itu, diatur pula kewajiban Kuotasi yang harus dipenuhi oleh Liquidity Provider Saham, meliputi persentase waktu ketersediaan kuotasi, batasan maksimal rentang harga, minimum jumlah kuotasi, dan minimum nilai transaksi harian. Bursa juga berwenang untuk mengelompokkan daftar Efek Liquidity Provider Saham dan Efek Insentif Liquidity Provider Saham menjadi beberapa kelompok yang berbeda berdasarkan kewajiban kuotasi dan insentif.","policy_content","Peraturan ini menetapkan parameter untuk Efek Liquidity Provider Saham yang harus memenuhi kriteria tertentu, termasuk tercatat pada Papan Pemantauan Khusus dengan kriteria likuiditas rendah, atau memenuhi parameter spesifik terkait volume transaksi, frekuensi transaksi, kapitalisasi saham, rentang harga, jumlah saham free float, dan masa pencatatan di Bursa. Parameter untuk Efek Insentif Liquidity Provider Saham juga ditetapkan, dengan syarat tidak termasuk dalam daftar Efek Liquidity Provider Saham dan memenuhi kriteria volume transaksi, frekuensi transaksi, kapitalisasi saham, rentang harga, dan jumlah saham free float. Bursa mengelompokkan Efek Liquidity Provider Saham menjadi 5 kelompok dan Efek Insentif Liquidity Provider Saham menjadi 2 kelompok berdasarkan perbedaan kewajiban Kuotasi. Liquidity Provider Saham wajib melakukan Kuotasi di Pasar Reguler dengan ketentuan persentase waktu ketersediaan, batasan maksimal rentang harga, minimum jumlah kuotasi, dan minimum nilai transaksi harian yang bervariasi tergantung pada kelompok saham. Terdapat pengecualian kewajiban kuotasi jika minimum nilai transaksi harian telah tercapai. Bursa dapat menetapkan kebijakan parameter yang berbeda dalam kondisi tertentu.","transitional_provisions","1. Ketentuan mengenai pengelompokan daftar Efek Liquidity Provider Saham menjadi 5 (lima) kelompok saham dan kewajiban Kuotasi sebagaimana diatur dalam angka 3. dan 6. Keputusan ini diberlakukan sejak tanggal 1 September 2026.\n2. Sampai dengan diberlakukannya ketentuan sebagaimana dimaksud pada angka 1, Liquidity Provider Saham wajib melakukan Kuotasi di Pasar Reguler atas Efek Liquidity Provider Saham dan/atau Efek Insentif Liquidity Provider Saham dengan ketentuan:\n a. Memiliki presensi paling sedikit 50% (lima puluh persen) selama sesi I dan sesi II pada setiap Hari Bursa;\n b. Batasan maksimal rentang harga antara penawaran jual dan permintaan beli adalah 5 (lima) kali Fraksi Harga Saham tersebut;\n c. Kuotasi yang wajib dilakukan adalah paling kurang 15 (lima belas) lot saham untuk penawaran jual dan 15 (lima belas) lot saham untuk permintaan beli;\n d. Apabila seluruh atau sebagian penawaran jual dan/atau permintaan beli telah diperjumpakan (matched), maka wajib memasukkan penawaran jual dan permintaan beli yang baru sesuai ketentuan tersebut.\n3. Dalam hal Liquidity Provider Saham telah mencapai minimum nilai transaksi harian atas Efek Liquidity Provider Saham dan/atau Efek Insentif Liquidity Provider Saham paling kurang Rp100.000.000,00 (seratus juta rupiah) sampai dengan diberlakukannya ketentuan sebagaimana dimaksud pada angka 1, maka dibebaskan dari kewajiban Kuotasi.","sanctions","(-)","revokes","revoked_by","partially_revokes","partially_revoked_by","amends","amended_by","partially_amends","partially_amended_by","establishes","established_by","constitutional_review","is_verified",false,"english_excerpt","\n

DECISION OF THE BOARD OF DIRECTORS OF PT INDONESIA STOCK EXCHANGE

Number : Kep-00029/BEI/02-2026

Subject : Provisions for Stock Liquidity Provider Securities Parameters, Stock Liquidity Provider Incentive Securities, and Stock Liquidity Provider Quotation Obligations

Date Issued : February 26, 2026

Date Effective : February 26, 2026

\n\n \n \n \n \n \n \n \n \n

Considering

that the Exchange has issued Regulation Number II-Q concerning Stock Liquidity Provider Activities on the Exchange, wherein the Exchange is authorized to stipulate the parameters for Stock Liquidity Provider Securities, as well as Stock Liquidity Provider Incentive Securities and provisions regarding Stock Liquidity Provider Quotation obligations in the Exchange Directors' Decision;
that since the implementation of the Stock Liquidity Provider scheme, the Exchange has actively conducted continuous monitoring and evaluation (continuous improvement) of the effectiveness of the scheme;
that based on the results of the continuous monitoring and evaluation, the Exchange deems it necessary to make adjustments to the parameters and obligations of Stock Liquidity Providers, to better align with current market conditions and the characteristics of each stock;
that based on the considerations referred to in points a., b., and c. above, it is deemed necessary to stipulate changes to the provisions regarding Stock Liquidity Provider Securities Parameters, Stock Liquidity Provider Incentive Securities, and Stock Liquidity Provider Quotation Obligations in the Decision of the Board of Directors of PT Bursa Efek Indonesia.

Recalling

Law Number 8 of 1995 concerning Capital Markets (State Gazette of the Republic of Indonesia Year 1995 Number 64, Supplement to the State Gazette of the Republic of Indonesia Number 3608) as amended by Law Number 4 of 2023 concerning Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
Financial Services Authority Regulation Number 3/POJK.04/2021 concerning the Conduct of Activities in the Capital Market Sector (State Gazette of the Republic of Indonesia Year 2021 Number 71, Supplement to the State Gazette of the Republic of Indonesia Number 6663);
Financial Services Authority Regulation Number 18 of 2024 concerning Liquidity Providers (State Gazette of the Republic of Indonesia Year 2024 Number 28, Supplement to the State Gazette of the Republic of Indonesia Number 96/OJK);
Regulation Number II-Q concerning Stock Liquidity Provider Activities on the Exchange (Appendix to the Decision of the Board of Directors of PT Bursa Efek Indonesia Number: Kep-00003/BEI/04-2025 dated April 30, 2025).

DECIDES:

\n\n \n \n \n \n \n \n

Establishes

Equity Securities of a Liquidity Provider must meet the following parameters:\n
1. Listed as shares on the Special Monitoring Board that meet the provisions of III.1.6. and/or III.1.7. of Regulation Number I-X concerning the Placement of Equity Securities Listings on the Special Monitoring Board related to low liquidity criteria; or
2. Listed as shares not currently placed on the Special Monitoring Board and meet the following parameters:\n
  1. Daily trading volume of shares is in the bottom 95% (ninety-five percent) percentile;
  2. Daily trading frequency of shares is in the bottom 90% (ninety percent) percentile;
  3. Market Capitalization Value of Shares is above the 10% (ten percent) percentile;
  4. The price spread between the ask and bid of daily share transactions is above the bottom 25% (twenty-five percent) percentile or the daily transaction value is in the bottom 70% (seventy percent) percentile;
  5. Number of Free Float Shares is at least 2.5% (two point five percent); and
  6. Has been listed on the Exchange for at least 6 (six) months prior to the evaluation period of the list of Equity Securities of a Liquidity Provider.
  \n
\n
Equity Securities of an Incentive Liquidity Provider must meet the following parameters:\n
1. Not included in the list of Equity Securities of a Liquidity Provider;
2. Listed as shares not currently placed on the Special Monitoring Board and meet the following parameters:\n
  1. Daily trading volume of shares is in the top 50% (fifty percent) percentile or daily share frequency is in the top 50% (fifty percent) percentile;
  2. Market Capitalization Value of Shares is above the 10% (ten percent) percentile;
  3. The price spread between the ask and bid of daily share transactions is above the bottom 25% (twenty-five percent) percentile or the daily transaction value is below the bottom 50% (fifty percent) percentile; and
  4. Number of Free Float Shares is at least 2.5% (two point five percent);
  \n
\n
The Exchange shall group the list of Equity Securities of a Liquidity Provider into 5 (five) groups of shares that can be chosen by a Liquidity Provider based on the differences in Quotation obligations as stipulated in this Decision.
The Exchange shall group the list of Equity Securities of an Incentive Liquidity Provider into 2 (two) groups of shares that can be chosen by a Liquidity Provider in accordance with the Exchange Directors' Decision on the Policy for Fees and Incentives for Liquidity Providers.
Under certain conditions, the Exchange may stipulate different parameter policies for Equity Securities of a Liquidity Provider and/or Equity Securities of an Incentive Liquidity Provider other than those stipulated in points 1. and 2. of this Decision.

A Liquidity Provider is obligated to provide Quotations in the Regular Market for Equity Securities of a Liquidity Provider and/or Equity Securities of an Incentive Liquidity Provider under the following conditions:\n

Calculation of the percentage\ne of availability (presence) of Quotations of at least 50% (fifty percent) during Session I and Session II on each Trading Day;\n

Maximum range limit between the ask and bid prices (maximum bid-ask spread) that must be maintained by the Stock Liquidity Provider in making Quotations is as follows:\n

List of Stock Liquidity Provider Securities\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Group	Maximum Bid-Ask Spread
1	7 (seven) times the Stock Tick Price of such securities
2	5 (five) times the Stock Tick Price of such securities
3	3 (three) times the Stock Tick Price of such securities
4	2 (two) times the Stock Tick Price of such securities
5	2 (two) times the Stock Tick Price of such securities

List of Incentive Stock Liquidity Provider Securities is 2 (two) times the Stock Tick Price of such securities.

Minimum number of Quotations that must be made by the Stock Liquidity Provider is as follows:\n

List of Stock Liquidity Provider Securities\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Group	Ask	Bid
1	10 (ten) lots of shares	10 (ten) lots of shares
2	15 (fifteen) lots of shares	15 (fifteen) lots of shares
3	20 (twenty) lots of shares	20 (twenty) lots of shares
4	30 (thirty) lots of shares	30 (thirty) lots of shares
5	50 (fifty) lots of shares	50 (fifty) lots of shares

List of Incentive Stock Liquidity Provider Securities:\n
1. At least 50 (fifty) lots of shares for the sell offer; and
2. At least 50 (fifty) lots of shares for the buy order.
\n

The minimum daily transaction value that must be met by the Stock Liquidity Provider is at least as follows:\n

List of Stock Liquidity Provider Securities\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Group	Minimum daily transaction value
1	Rp50,000,000.00 (fifty million rupiah)
2	Rp100,000,000.00 (one hundred million rupiah)
3	Rp300,000,000.00 (three hundred million rupiah)
4	Rp750,000,000.00 (seven hundred fifty million rupiah)
5	Rp1,000,000,000.00 (one billion rupiah)

List of Stock Liquidity Provider Incentive Securities of at least Rp1,000,000,000.00 (one billion rupiah).

In the event that the Stock Liquidity Provider has met the minimum daily transaction value for Stock Liquidity Provider Securities and/or Incentive Stock Liquidity Provider Securities as referred to in point 6 letter d. of this Decision, then the Stock Liquidity Provider is exempted from the Quotation obligation for said Stock Liquidity Provider Securities as referred to in points 6 letters b and c. of this Decision, with the following details:\n
1. The stock Liquidity Provider is exempted from the obligation to Quote Stock Liquidity Provider Securities and/or Incentive Stock Liquidity Provider Securities.
\n

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