Jakarta, Feb. 1 -- The Financial Services Authority (OJK) has outlined eight measures crafted to accelerate reform of Indonesia's capital market, with a focus on liquidity, transparency, governance, and market deepening.

Speaking in Jakarta on Sunday, Acting Chair of the OJK Board of Commissioners Friderica Widyasari Dewi said the first step is to raise the minimum public shareholding requirement from 7.5 percent to 15 percent, aligning Indonesia's market with global standards.

She explained that the new free-float requirement will take immediate effect for companies conducting initial public offerings, while issuers already listed on the Indonesia Stock Exchange (IDX) will be granted an adjustment period to comply.

The second measure ...