JAKARTA: Indonesia's financial regulator said on Thursday that it would double the free float requirement on listed firms to 15% as part of its response to MSCI concerns about transparency on the country's stock exchange, which prompted massive sell-offs this week.
The head of the Financial Services Authority Mahendra Siregar, speaking at a press conference, said several other measures would be taken in response to the MSCI's concerns, including measures to make supervision more timely and effective.
