Jakarta, Jan. 31 -- Indonesia's Financial Services Authority (OJK) is reviewing measures to expand the role of commercial banks in the capital market through potential revisions to the Financial Sector Development and Reinforcement Law.

Acting Chairwoman of the OJK Board of Commissioners Friderica Widyasari Dewi said at a press conference on Saturday that the review is intended to support market functioning and liquidity, including by broadening the scope of permitted activities for commercial banks.

She said OJK is also considering raising the minimum public shareholding, or free float, requirement to 15 percent and advancing discussions on the possible demutualization of the Indonesia Stock Exchange (IDX).

Friderica said OJK plans to...