Indonesia Stock Exchange officially implemented the Full Periodic Call Auction (“FCA”) policy, which applies to stocks placed on the Special Monitoring Board. The FCA Policy has specific provisions regarding stock trading hours, and special auto rejection provisions. In addition, FCA Policy changes the lowest price limit of a share that can be traded from the nominal value of each Issuer's shares (e.g., Rp10.00, Rp25.00, or Rp50.00) to a minimum of Rp1.00 (one Rupiah) with the aim of increasing transaction volume and liquidity, especially for shares with low trading frequency, including shares priced at Rp50.00.
In this article, HWMA Law Firm explores the special provisions of the FCA Policy and the specific criteria for the Special Monitoring Board.
Through these Regulatory Insights, we hope our clients, listed companies, and investors can enhance their understanding of the new policy on the Indonesian Stock Exchange.
Read full Regulatory Insights here [English Version] or [Bahasa Indonesia Version]