INDONESIA: IDX Announces Changes in Trading Guidelines

Monday January 9 2023

The Indonesia Stock Exchange (IDX) announced that referring to the Decree of Directors of PT Bursa Efek Indonesia number Kep-00096/BEI/12-2022 regarding Changes in Trading Guidelines of PT Bursa Efek Indonesia, IDX convey that the changes or adjustments are related to the implementation of the new protocols in the Jakarta Automated Trading System (JATS) and Market Order Fill and Kill (FAK) in the Pre-opening and Pre-closing sessions. The following are the adjusted points:

General Provisions

The writing of Dana Investasi Real Estate (DIRE) and Infrastructure Investment Fund (DINFRA) is in accordance with provisions II.1 of regulation II-J concerning Trading of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contracts at the Exchange.

Trade Implementation Procedures

Procedures for Conducting Transactions in the Regular Market and Cash Market

• Additional explanation of the reference price determination to calculate Auto Rejection for Securities whose prices is adjusted based on the fair market value determined by the business appraiser as referred to in the Financial Services Authority rule Number 35/POJK.04/2020 concerning Valuation and Presentation of Business Valuation Reports in the Capital Market; and
• FAK adjustments that have been submitted (open order status) can be withdrawn during the pre-opening and pre-closing sessions.

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