Acting chairperson of the Financial Services Authority (OJK) Friderica Widyasari Dewi said the task force would work with related institutions to ensure swift implementation of eight previously announced reform measures.
She said OJK has discussed the plan with the Coordinating Minister of Economic Affairs and will soon form the task force, speaking at the Financial Services Industry Annual Meeting 2026 in Jakarta on Thursday.
Friderica said recent market developments showed that strong growth alone was insufficient, highlighting the need for stronger governance, greater transparency, and higher-quality capital market development.
The task force will involve OJK, the Indonesia Stock Exchange (IDX), and other self-regulatory organizations, including KSEI and KPEI, as well as industry participants.
Key measures include raising the minimum free float requirement to 15 percent from 7.5 percent, strengthening disclosure of ultimate beneficial ownership, and expanding investor and shareholding disclosures from the current 5 percent threshold to above 1 percent.
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Other reforms cover stock exchange demutualization, stricter enforcement and sanctions, improved corporate governance, deeper and more integrated markets, and stronger coordination across the financial sector.
Friderica said the task force would help ensure reforms are implemented on schedule, including those discussed with global index provider Morgan Stanley Capital International (MSCI).
Coordinating Minister of Economic Affairs Airlangga Hartarto said the capital market reflects a country's "window of integrity," warning that negative perceptions could undermine confidence despite strong macroeconomic fundamentals.
"Even with strong macro conditions, a blurred window can have long-term consequences," Airlangga said, adding that President Prabowo Subianto had instructed authorities to respond swiftly and resolve the issues.
He said transparent communication and clear commitment were essential to addressing concerns from international investors and global credit rating agencies and maintaining confidence in Indonesia's financial markets.
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Translator: Rizka Khaerunnisa, Martha Herlinawati Simanjuntak
Editor: Anton Santoso
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