FKNK Law Firm

The Indonesian Capital Market is undergoing a strategic transformation in 2026. The Financial Services Authority (“OJK”) and PT Bursa Efek Indonesia (“IDX”) are shifting their focus from listing volume to market quality and liquidity. This regulatory reset demands immediate attention from the public companies or issuers to adapt to the new compliance standards set under OJK’s and IDX’s strategic roadmap. Below are some of the insights into such a transformation.

On November 18, 2025, Indonesia officially updated its Criminal Procedure Law through the ratification of the Draft Bill on the Criminal Procedure Code (" KUHAP "). This update will officially take effect on January 2, 2026, accompanying the enforcement of Law Number 1 of 2023 concerning the Criminal Code (" KUHP "). The enactment of the KUHP and the KUHAP introduces new concepts to the criminal justice system in Indonesia, including the enlargement of criminal subjects and special treatment...

The promulgation of Government Regulation No. 28 of 2025 concerning the Implementation of Risk-Based Business Licensing (“ GR 28/2025 ”) marks a significant milestone in the evolution of Indonesia’s business licensing regime, effectively repealing Government Regulation No. 5 of 2021 concerning the Implementation of Risk-Based Business Licensing (“ GR 5/2021 ”). This new regulation reflects the government’s continuous commitment to policy reform aimed at streamlining licensing processes and...