The Decree introduces Non-Cancellation Periods into the Periodic Call Auction trading sessions for securities on the Special Monitoring Board, restricting Exchange Members from changing and/or cancelling submitted orders during specified periods. The new restrictions follow the monitoring and evaluation conducted by PT Bursa Efek Indonesia (?BEI?), which showed a positive impact on the quality of the price-formation process, and will become operational once the Trading and Surveillance System Renewal Project (Proyek Pembaruan Sistem Perdagangan dan Pengawasan ? ?PSPP?) is effectively implemented, as announced by BEI.

Circular 11/2026 sets out a mechanism for listed companies on the Special Monitoring Board to seek securities suspension revocation through proposed capital increases, subject to specified corporate and financial documents, shareholder and company commitments, a five-Exchange-Day decision period by PT Bursa Efek Indonesia (?BEI?), and conditions for suspension reimposition.

Regulation 11/2026 establishes the operational framework for public offerings of debt securities and/or sukuk through the Electronic Public Offering System, covering order submission, funding, verification, allotment, and settlement. It also regulates investor funding requirements, due diligence for Fixed Allotment, and a minimum 5% Centralized Allotment with a minimum 1:2 Retail-to-non-Retail allocation ratio.

The Decree introduces significant reforms to the BEI?s trading framework by lowering the minimum securities price threshold from Rp 50 to Rp 1, expanding the Auto Rejection regime through a new Rp1-Rp10 reference price category, and enhancing investor identification requirements through SID-based Trading-ID reporting. The decree also strengthens investor protection and market integrity through sweep limit mechanisms for market orders and greater transparency in call auction sessions via real-time IEP and IEV disclosures

Regulation No. 12 of 2026 broadens the financial assets eligible for EBA-SP portfolios to include housing and settlement financing receivables and Benefit Receipt Rights, subject to collateral and true sale requirements. It also strengthens investor protection, updates governance and reporting requirements, shortens the registration statement effectiveness period to 20 business days, and enhances due diligence and administrative sanctions.

The Indonesia Stock Exchange has extended its short selling restrictions. Until 30 June 2027, the short selling list is limited to shares meeting the existing criteria that are also LQ45 Index constituents. Short selling financing may only be provided to local individual investors until 31 December 2026. Exchange members may only short sell for their own account from 4 January 2027, and tiered per-stock transaction limits now apply.

This Regulation broadens Exchange shareholding eligibility to Indonesian individuals and legal entities, including non-Members, as well as the Ministry of Finance, Bank Indonesia, and the Daya Anagata Nusantara Investment Management Agency (Badan Pengelola Investasi Daya Anagata Nusantara/Danantara), subject to a 5% cumulative ownership limit and OJK approval for holdings above that threshold.

The Indonesia Stock Exchange has introduced an updated incentive framework for Equity Liquidity Providers. While retaining the three baseline incentive options, the new decree notably introduces a temporary double transaction fee reduction applied directly to the billing statement for qualifying stock quotations, aiming to further stimulate market liquidity and participation by Exchange Members until August 2027.

Regulation of the Members of the Board of Commissioners of the Financial Services Authority No. 8 of 2026 standardizes electronic Incidental Reporting through the Reporting System, covering various Reporting Parties across the capital markets, derivatives finance, and carbon exchange sectors. Reporting Parties must comply with prescribed reporting codes, formats, and supporting documentation requirements.

The Draft Regulation authorizes the Securities Pricing Agency to establish dynamic standard deviations based on credible methodologies, while expanding the scope of covered securities. The Institution must also conduct periodic methodology reviews, implement pricing error procedures, and comply with information disclosure and public access requirements concerning its valuation methodologies and data.