On Jun. 5, 2025, IDN FSA issued circular regarding the electronic submission of shareholding reports and share pledging activity reports for public companies.
Establishes electronic system requirements for submission, publication of shareholding ownership reports as well as share pledging activity reports for public companies.
The circular covers mandatory electronic reporting parties, reporting requirements and deadlines, electronic reporting system provider, electronic publication system provider, force majeure provisions, as well as the relevant technical system requirements.
Circular promulgated on Jun. 5, 2025, and effective from Dec. 5, 2025.
Document dated Jun. 5, 2025, received from IDN FSA Jun. 17, summarized Jun. 20.
On Jan. 14, IDN FSA issued proposal about e-submission of reports.
IDN FSA drafted circular establishing guidelines for electronic reporting of share ownership, changes in share ownership, and pledging activities of public companies.
Reporting is mandatory for directors, commissioners, shareholders holding at least 5% of voting rights, controlling parties, and those whose holdings decrease below 5%.
Shareholders involved in pledging or collateralizing shares must report these activities.
Reports must be submitted electronically within 3 business days of event, including ownership changes/pledging activities, via systems managed by designated providers.
Designated systems, such as those managed by the IDN KSEI, stock exchanges, will facilitate reporting, publication; ensuring security, reliability, recovery, data protection.
In disruptions, reports can be emailed or sent to IDN FSA; reports will be made publicly accessible through stock exchange websites or other designated platforms.
Consultation Period
Comment period for this consultation closes on Jan. 21, 2025.
Jun. 2025 Circular Issued
On Jun. 5, 2025, IDN FSA issued circular regarding the electronic submission of shareholding reports and share pledging activity reports for public companies.
Establishes electronic system requirements for submission, publication of shareholding ownership reports as well as share pledging activity reports for public companies.
The circular covers mandatory electronic reporting parties, reporting requirements and deadlines, electronic reporting system provider, electronic publication system provider, force majeure provisions, as well as the relevant technical system requirements.
Circular promulgated on Jun. 5, 2025, and effective from Dec. 5, 2025.
Document dated Jun. 5, 2025, received from IDN FSA Jun. 17, summarized Jun. 20.
