Indonesia introduces beneficial owner disclosure policy for listed companies

Reuters04-02

JAKARTA, April 2 (Reuters) - Indonesia has introduced a new policy to disclose the beneficial owners of listed companies, Hasan Fawzi, a senior official with the Financial Services Authority, said on Thursday, part of reforms aimed at improving stock market transparency.

Shareholders or global index providers may request information on the beneficial owners of investors holding more than 10% stakes in listed companies, he said.

(Reporting by Stefanno SulaimanWriting by Fransiska Nangoy; Editing by David Stanway)

((fransiska.nangoy@tr.com;))

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