Jakarta, March 19 -- The Financial Services Authority (OJK) has issued a policy permitting companies to conduct share buybacks without requiring approval from a general meeting of shareholders (GMS) amid significantly fluctuating market conditions.

This policy was issued due to the downward pressure on the Indonesia Stock Exchange (IDX) stock trading, indicated by a drop in the Composite Stock Price Index as of March 18, 2025, by 1,682 points or a decline of 21.28 percent from the highest to date.

"Therefore, OJK has determined the status of other conditions as referred to in Article 2, letter g of POJK Number 13 of 2023 as market conditions that fluctuate significantly," Chief Executive of Capital Market Supervisory, Derivatives, and C...