[{"_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","dc42e31f-5856-4e43-af51-c7b526e503ee","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-00045/BEI/03-2026 tentang Perubahan Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas selain Saham yang Diterbitkan oleh Perusahaan Tercatat","short_title","Keputusan Direksi PT Bursa Efek Indonesia Nomor Kep-00045/BEI/03-2026","number","Kep-00045/BEI/03-2026","year","2026","published_date","2026-03-31","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 mencabut: 1. Surat Keputusan Direksi PT Bursa Efek Indonesia Nomor Kep 00101/BEI/12-2021 tanggal 21 Desember 2021 perihal Perubahan Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas selain Saham yang Diterbitkan oleh Perusahaan Tercatat; 2. Surat Keputusan Direksi PT Bursa Efek Indonesia Nomor Kep 00014/BEI/03-2022 tanggal 25 Maret 2022 terkait Kebijakan Khusus atas Saham Free Float bagi Perusahaan tercatat yang menerapkan Saham dengan Hak Suara Multipel.","scope_and_parties","","policy_content","

Keputusan Direksi PT Bursa Efek Indonesia Nomor Kep-00045/BEI/03-2026 menetapkan perubahan atas Peraturan Nomor I-A mengenai Pencatatan Saham dan Efek Bersifat Ekuitas selain Saham yang diterbitkan oleh Perusahaan Tercatat. Latar belakang kebijakan ini adalah untuk menyelenggarakan perdagangan Efek yang teratur, wajar, dan efisien, serta menyesuaikan dengan perkembangan pasar modal, khususnya terkait definisi ketentuan umum pencatatan, persyaratan pencatatan awal, serta persyaratan dan mekanisme perpindahan papan pencatatan.

Secara substansial, peraturan ini mengatur persyaratan bagi Calon Perusahaan Tercatat untuk dapat mencatatkan sahamnya di Papan Utama maupun Papan Pengembangan, termasuk kewajiban pemenuhan jumlah Saham Free Float, jumlah pemegang saham, serta persyaratan keuangan dan operasional. Selain itu, diatur pula mengenai prosedur pencatatan awal, baik bagi perusahaan yang melakukan Penawaran Umum maupun yang berasal dari Perusahaan Publik. Peraturan ini juga menetapkan persyaratan bagi Perusahaan Tercatat untuk tetap dapat tercatat di Bursa, termasuk ketentuan mengenai pendidikan berkelanjutan bagi Direksi, Dewan Komisaris, dan Komite Audit, serta mekanisme perpindahan papan pencatatan. Terakhir, peraturan ini mengatur mengenai biaya pencatatan awal, biaya tahunan, dan biaya pencatatan saham tambahan.

","transitional_provisions","1. Perusahaan Tercatat dengan Nilai Kapitalisasi Saham paling sedikit Rp5.000.000.000.000,00 per 31 Maret 2026 dengan jumlah Saham Free Float di bawah 12,5% wajib memenuhi jumlah Saham Free Float paling kurang 12,5% pada 31 Maret 2027 dan 15% pada 31 Maret 2028. 2. Perusahaan Tercatat dengan Nilai Kapitalisasi Saham paling sedikit Rp5.000.000.000.000,00 per 31 Maret 2026 dengan jumlah Saham Free Float 12,5% sampai dengan di bawah 15% wajib memenuhi jumlah Saham Free Float paling kurang 15% pada 31 Maret 2027. 3. Perusahaan Tercatat dengan Nilai Kapitalisasi Saham di bawah Rp5.000.000.000.000,00 per 31 Maret 2026 wajib memenuhi jumlah Saham Free Float paling kurang 15% pada 31 Maret 2029. 4. Ketentuan persyaratan penyusun laporan keuangan berlaku sejak 31 Maret 2027. 5. Ketentuan persyaratan pendidikan berkelanjutan bagi Direksi, Dewan Komisaris, dan Komite Audit berlaku setelah Surat Edaran terkait terbit. 6. Sanksi yang sedang dikenakan kepada Perusahaan Tercatat terkait persyaratan Saham Free Float dan jumlah pemegang saham tetap berlaku dan diperhitungkan sampai persyaratan baru terpenuhi. 7. Calon Perusahaan Tercatat yang telah mengajukan permohonan sebelum keputusan ini berlaku tetap menggunakan ketentuan lama. 8. Ketentuan pelaksanaan dari peraturan lama tetap berlaku sepanjang tidak bertentangan dengan keputusan ini.","sanctions","1. Sanksi terhadap Perusahaan Tercatat yang belum memenuhi persyaratan jumlah Saham Free Float dan jumlah pemegang saham tetap berlaku dan diperhitungkan sampai dengan Perusahaan Tercatat memenuhi ketentuan yang baru. 2. Keterlambatan pembayaran biaya Pencatatan awal dan biaya Pencatatan tahunan dikenakan denda sebesar 2% per bulan yang dihitung secara proporsional sesuai dengan jumlah hari keterlambatan atas total biaya yang terhutang.","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","

DECREE OF THE BOARD OF DIRECTORS OF PT BURSA EFEK INDONESIA
NUMBER : Kep-00045/BEI/03-2026
REGARDING : AMENDMENT TO REGULATION NUMBER I-A CONCERNING THE LISTING OF SHARES AND EQUITY SECURITIES OTHER THAN SHARES ISSUED BY LISTED COMPANIES
DATE OF ISSUANCE : MARCH 31, 2026
DATE OF EFFECTIVENESS : MARCH 31, 2026

Considering :

that the Exchange has implemented Regulation Number I-A concerning the Listing of Shares and Equity Securities Other Than Shares Issued by Listed Companies through the Decree of the Board of Directors of PT Bursa Efek Indonesia Number Kep-00101/BEI/12-2021 dated December 21, 2021, regarding the Amendment to Regulation Number I-A concerning the Listing of Shares and Equity Securities Other Than Shares Issued by Listed Companies;
that in order to organize orderly, fair, and efficient securities trading and in line with market developments, adjustments are required, among others, regarding the definitions of general Listing provisions, Initial Listing requirements, and the requirements and mechanisms for the transfer of Listing boards;
that based on the considerations as referred to in letters a. and b. above, it is deemed necessary to establish an amendment to Regulation Number I-A concerning the Listing of Shares and Equity Securities Other Than Shares Issued by Listed Companies in a Decree of the Board of Directors of PT Bursa Efek Indonesia.

In view of :

Law Number 8 of 1995 concerning Capital Markets (State Gazette of the Republic of Indonesia of 1995 Number 64, Supplement to the State Gazette of the Republic of Indonesia Number 3608) as amended by Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia of 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
Financial Services Authority Regulation Number 46/POJK.04/2016 concerning Procedures for the Formulation of Regulations by Stock Exchanges (State Gazette of the Republic of Indonesia of 2016 Number 275, Supplement to the State Gazette of the Republic of Indonesia Number 5971);
Financial Services Authority Regulation Number 7/POJK.04/2017 concerning Registration Statement Documents in the context of Public Offerings of Equity Securities, Debt Securities, and/or Sukuk (State Gazette of the Republic of Indonesia of 2017 Number 44, Supplement to the State Gazette of the Republic of Indonesia Number 6028);
Financial Services Authority Regulation 9/POJK.04/2018 concerning Takeovers of Public Companies (State Gazette of the Republic of Indonesia of 2018 Number 114, Supplement to the State Gazette of the Republic of Indonesia Number 6228);
Financial Services Authority Regulation Number 14/POJK.04/2019 concerning Amendment to Financial Services Authority Regulation Number 32/POJK.04/2015 concerning Capital Increases of Public Companies by Granting Pre-emptive Rights (State Gazette of the Republic of Indonesia of 2019 Number 87, Supplement to the State Gazette of the Republic of Indonesia Number 6343);
Financial Services Authority Regulation Number 3/POJK.04/2021 concerning the Implementation of Activities in the Capital Market Sector (State Gazette of the Republic of Indonesia of 2021 Number 71, Supplement to the State Gazette of the Republic of Indonesia Number 6663);
Financial Services Authority Regulation Number 45 of 2024 concerning the Development and Strengthening of Issuers and Public Companies (State Gazette of the Republic of Indonesia of 2024 Number 58/OJK, Supplement to the State Gazette of the Republic of Indonesia Number 126/OJK);
Financial Services Authority Letter Number S-78/PM.01/2026 dated March 25, 2026, regarding Approval for the Amendment of Stock Exchange Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies.

HAS DECIDED:

To stipulate :

Amendment to Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies, as set forth in Appendix I of this Decree.
Re-incorporating all provisions related to the listing of additional shares derived from capital increases through Pre-emptive Rights, capital increases without Pre-emptive Rights, Stock Dividends, Bonus Shares, warrants, convertible bonds, and Employee Stock Ownership Programs contained in Appendix II of Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies (Appendix to the Decree of the Board of Directors of PT Bursa Efek Indonesia Number Kep-00101/BEI/12-2021 dated December 21, 2021, regarding the Amendment of Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies) other than those regulated differently in other Exchange regulations, as a single unit stipulated in this Decree as contained in Appendix II of this Decree;

Provisions related to the requirements to remain listed on the Exchange, namely:
1. the provision of VI.1.1. of Appendix I of this Decree regarding the Free Float Share amount requirement, is granted a transition period as follows:
  1. Listed Companies with a Market Capitalization Value of at least Rp5,000,000,000,000.00 (five trillion rupiah) as of March 31, 2026, and:
    1. having a Free Float Share amount of less than 12.5% (twelve point five percent) as of March 31, 2026, are required to meet a Free Float Share amount of at least 12.5% (twelve point five percent) on March 31, 2027, and at least 15% (fifteen percent) on March 31, 2028; or
    2. having a Free Float Share amount of 12.5% (twelve point five percent) up to less than 15% (fifteen percent) as of March 31, 2026, are required to meet a Free Float Share amount of at least 15% (fifteen percent) on March 31, 2027; and
  2. Listed Companies with a Market Capitalization Value of less than Rp5,000,000,000,000.00 (five trillion rupiah) as of March 31, 2026, are required to meet a Free Float Share amount of at least 15% (fifteen percent) on March 31, 2029.
2. by considering market conditions, the Exchange may determine other timeframes for the provisions of number 3 letter a of this Decree, after obtaining approval or an order from the Financial Services Authority.
3. the provision of V.1.5. of Appendix I of this Decree regarding the requirements for financial statement preparers, shall be effective as of March 31, 2027.
4. provisions III.1.9. and provisions V.1.6. of Appendix I of this Decree regarding the requirements for the Board of Directors, Board of Commissioners, and Audit Committee to have attended and completed continuing education related to capital markets and corporate governance shall be effective after the Circular Letter regarding continuing education is issued and enforced.
In the event that:
1. The Listed Company has not met the requirements for the number of Free Float Shares and the number of shareholders to remain listed on the Exchange as referred to in provisions V.1.1. and provisions V.1.2. of Appendix I of this Decree; and
2. The Listed Company is still subject to sanctions for not having met the requirements for the number of Free Float Shares and the number of shareholders to remain listed on the Exchange as referred to in provisions V.1.1. and provisions V.1.2. of Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies (Appendix to Decree Number Kep 00101/BEI/12-2021 dated December 21, 2021), then the sanctions against the relevant Listed Company shall remain in effect and be calculated until the Listed Company meets provisions V.1.1. and provisions V.1.2. of Appendix I of this Decree.
For Prospective Listed Companies that have submitted a Listing application before the effective date of this decree, the evaluation process shall still use the provisions and requirements stipulated in Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies (Appendix to the Decree of the Board of Directors of PT Bursa Efek Indonesia Number Kep-00101/BEI/12-2021 dated December 21, 2021).
With the enforcement of this Decree, then:
1. Decree of the Board of Directors of PT Bursa Efek Indonesia Number Kep 00101/BEI/12-2021 dated December 21, 2021, regarding the Amendment to Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies; and
2. Decree of the Board of Directors of PT Bursa Efek Indonesia Number Kep 00014/BEI/03-2022 dated March 25, 2022, regarding the Special Policy on Free Float Shares for Listed Companies that apply Multiple Voting Shares, are revoked and declared invalid.
At the time this Decree is enforced, the implementing provisions of Regulation Number I-A concerning the Listing of Shares and Equity Securities other than Shares Issued by Listed Companies (Appendix to the Decree of the Board of Directors of PT Bursa Efek Jakarta Number: Kep 00101/BEI/12-2021 dated December 21, 2021) are declared to remain in effect as long as they do not conflict with this Decree.

This Decree is effective as of the date of its enforcement.

Sincerely,
Jeffrey Hendrik, Acting President Director.
I Gede Nyoman Yetna, Director.

Copies to:
1. Honorable Chief Executive of Capital Market, Financial Derivative, and Carbon Exchange Supervision, Financial Services Authority of the Republic of Indonesia.
2. Honorable Deputy Commissioner for Licensing and Supervision of Capital Market Investment Management and Securities Institutions, Financial Services Authority.
3. Honorable Deputy Commissioner for Supervision of Issuers, Securities Transactions, Special Examinations, Financial Derivatives and Carbon Exchange, Financial Services Authority.
4. Honorable Head of the Department of Issuer and Public Company Supervision, Financial Services Authority.
5. Honorable Head of the Department of Supervision of Financial Derivatives, Carbon Exchange, Securities Transactions, and Special Examinations, Financial Services Authority.
6. Honorable Head of the Department of Supervision of Investment Management and Regional Capital Markets, Financial Services Authority.
7. Honorable Head of the Department of Issuer Assessment, Public Companies, and Licensing of Financial Derivatives, and Carbon Exchange, Financial Services Authority.
8. Honorable Head of the Department of Regulation and Development of Capital Markets, Financial Derivatives, and Carbon Exchange, Financial Services Authority.

9. To: Head of the Directorate of Securities Transaction Supervision, Financial Services Authority.","pdf_url","/proxy/pdf?id=dc42e31f-5856-4e43-af51-c7b526e503ee","actionData","errors"]