In June of this year, the Indonesia Stock Exchange (“IDX“) issued the Board of Directors of the IDX Decree No. Kep-00081/BEI/05-2023 on Regulation No. I-X on the Placement of Equity Securities Listing on the Watchlist Board (“Decree“) to introduce a new listing board, namely the Watchlist Board, to the public.
Previously, the Board of Directors of the IDX had issued Decree No. Kep-00079/BEI/05-2023 on Regulation No. II-S on the Trading of Equity Securities Under Special Monitoring (“Previous Regulation“).
It used to be the case under the Previous Regulation that the IDX would specifically note companies with unusual market activities to be under “special monitoring” (“Special Monitoring List“). If a company is on the Special Monitoring List, it will have an “X” next to its name code. However, there was no specific listing board for these companies.
Now, with the introduction of the Watchlist Board, the IDX formalises its practice and investors can easily find issuers or listed companies with unusual market activities.
We discuss how the Watchlist Board would affect listed companies below.
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