In order to secure principle approvals for stock splits and reverse stock splits, public companies or issuers with stocks that are listed on PT Bursa Efek Indonesia are required to fulfill various requirements

KPEI has decided to provide a number of new facilities that utilize the Main Securities Account for Securities Derivative Contract Transactions at KPEI and the sub-Securities Account at KSEI. In this regard, KPEI has clarified that clearing members will be required to deposit the relevant security funds within six exchange days of any Securities Account being opened

In addition to the mandatory reporting of any share ownership in public companies (including either direct or indirect ownership) or subsequent changes to the ownership of said shares (collectively referred to as "Ownership Reports"), reports on share-pledging activities that are undertaken by shareholders in public companies ("Pledging Reports") have now been included on the list of mandatory reports that must be submitted. In this regard, the submission of Pledging Reports is mandatory for all shareholders who engage in share-pledging activities that involve shares in public companies with minimum voting rights of 5%.

In addition to the existing mechanism for the cancellation of securities transactions that are undertaken through Alternative Market Organizer Systems (Sistem Penyelenggara Pasar Alternatif "SPPA"), a new mechanism for the correction of said transactions has now been introduced. Said corrections may only be carried out in relation to information on completed transactions, including: 1) Prices; 2) Volumes; and/or 3) Transaction settlement dates. In this regard, the aforementioned corrections and/or cancellations of transactions must be requested within 45 minutes of the end of SPPA's operational trading hours on the same transaction day

While maintaining the core elements that relate to buybacks of shares, as issued by public companies ("Buybacks"), a mandatory Buyback completion period of 12 months has now been set from the date upon which the relevant public companies ("Companies") General Meetings of Shareholders (Rapat Umum Pemegang Saham/RUPS) approve Buybacks. In this regard, Buybacks are prohibited from being initiated during the occurrence of any significant market fluctuations. However, terminations of Buybacks that are initiated prior to their completion are now permitted, provided that prior notifications and announcements are made to the Financial Services Authority (Otoritas Jasa Keuangan/OJK) and the general public respectively.

PT Bursa Efek Indonesia (BEI) previously set a transition period for the trading of equity securities (Securities) listed on the stock exchange's (Exchange) Special Monitoring Board ("Special Board") ("Transition Period"), which ran until 1 December 2023. However, the BEI has now decided to extend this Transition Period until 4 June 2024, meaning that the special Transition Period provisions will remain in force up until this new deadline.

While retaining a majority of the existing aspects that apply to the submission of reports and/or applications by stock exchange members ("Members"), the submission of reports and/or applications related to deposit sales and/or purchase orders by Members will now be processed via the IDX Record system.

The framework of Regulation 18/2023 has now incorporated a number of other Sustainability-Based Securities, including sukuk, along with the originally introduced green bonds, which are now jointly referred to as Securities That Take the Form of Bonds and Sukuk (Efek Bersifat Utang dan Sukuk "EBUS"). In this regard, six forms of Sustainability-Based EBUS have been introduced, including: 1) Environmental EBUS; 2) Social EBUS; 3) Sustainability EBUS; 4) Sukuk-Linked Waqf; 5) Sustainability-Linked EBUS; and 6) Other types of Sustainability-Based EBUS, as determined by the OJK.

Exchange Users must comply with various obligations, otherwise, they may be subject to the imposition of sanctions by the Organizer. These obligations include: 1) Must maintain the confidentiality of their given user-id and password and are prohibited from transferring them to any other parties; 2) Must comply with provisions, requirements and procedures that relate to the use of any facilities that are provided by the Organizer; 3) Must submit incidental reports within a maximum of seven Organizer days of any changes being made to certain types of information (e.g. business licensing, names of Exchange Users, information relating to Exchange Users, company deeds, etc.)

The trading of Carbon Units may only be undertaken between carbon exchange service users in compliance with relevant frameworks and guidelines that have been established by the Carbon Exchange Organizer