Indonesia has set a three-year timeline for some listed companies to increase their public float to at least 15%, marking a significant shift in the country's market regulations. The move is part of broader reforms aimed at enhancing transparency and investor confidence in Southeast Asia's largest economy.

The new requirement will affect companies that currently fall short of the 15% threshold, giving them up to three years to comply. This phased approach allows firms time to adjust their shareholding structures while working toward greater market openness. The policy aligns with global best practices for corporate governance and capital markets.

By mandating higher public ownership, Indonesia aims to reduce concentrated control and improve price discovery in its equity markets. The reform could attract more foreign investment by addressing concerns about minority shareholder rights and market liquidity. This regulatory change represents a major step in Indonesia's ongoing efforts to modernize its capital markets and integrate more closely with international financial standards.