\t\t\t\t\t\t\t\tJakarta (ANTARA) – The House of Representatives\u2019 Budget Committee (Banggar DPR) has called the resignations of top officials at the Indonesia Stock Exchange (IDX) and Financial Services Authority (OJK) a positive display of ethical accountability.<\/p>\n
Banggar DPR Chairman Said Abdullah said such acts remain rare in Indonesia, signaling integrity and responsibility among exchange executives, regulators, and supervisors, which could strengthen public trust in the capital market.<\/p>\n
\u201cI think this is a positive signal to strengthen investor confidence,\u201d Said said in a statement received on Saturday.<\/p>\n
He welcomed the resignations of IDX President Director Iman Rachman, OJK Chairman Mahendra Siregar, OJK Chief Executive of Capital Market, Derivatives, and Carbon Exchange Supervision Inarno Djajadi, and OJK Vice Chairman Mirza Adityaswara.<\/p>\n
Related news: IDX Chief’s resignation sends positive signal: Finance Minister<\/a><\/p>\n However, Said stressed that resignations alone are insufficient to boost investor confidence, noting that existing policies require further improvements to ensure transparency and market stability.<\/p>\n He said OJK, as the market regulator, must undertake reforms, highlighting the free float policy\u2014shares available for public trading\u2014as an urgent issue needing review.<\/p>\n On December 3, 2025, DPR Commission XI held a working meeting with OJK and IDX officials, agreeing on several improvements to the free float policy to enhance market operations.<\/p>\n The meeting concluded the free float policy should gradually boost liquidity, transparency, investor confidence, and market depth, with incentives and strong supervision to protect domestic investors and national interests.<\/p>\n Additionally, revisions were agreed for free float calculations and requirements for IPOs and listed companies to ensure the capital market supports the national economy, particularly medium- and small-scale enterprises.<\/p>\n Related news: IDX chief resigns amid recent market volatility<\/a><\/p>\n