- The Indonesian Stock Exchange (“IDX”) recently issued Decree No. KEP-00089/BEI/10-2020 on the Relaxation of Reporting Deadlines for Annual Financial Reports, Quarterly Financial Report I, Mid-Term Financial Reports and Annual Reports, which officially came into force on 15 October 2020 (“Decree 89/2020”).
- Pursuant to Decree 89/2020, the IDX has now extended the deadlines for listed companies and issuers regarding several reporting obligations via the SPE-IDXnet platform.
- The deadlines for the following reports have now been extended by a further two months after their initial deadlines: 1) Annual financial reports; 2) Annual reports; and 3) First-quarter financial reports. In addition, the deadlines for the following reports have now been extended by a further one month after their initial deadlines: 1) Mid-term financial reports; and 2) Third-quarter financial reports.
- However, the IDX has stated that if listed companies or issuers are required to submit the abovementioned reports in compliance with different deadlines, then the earliest deadlines will prevail. (ANT)
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