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Disclosure · Governance

What material information must an issuer disclose?

Short answer

Issuers or public companies must report material information or facts to OJK and announce them publicly by the end of the 2nd working day after the event (Capital Market Law Article 86 in conjunction with POJK 31/POJK.04/2015). Examples: mergers or acquisitions, changes of Directors/Commissioners, material legal cases, discontinuation of a business segment, and corporate actions. Parts of POJK 31/2015 have been updated by POJK 45 of 2024.

What a material fact is

Under Law No. 8 of 1995 on the Capital Market, material information or facts are important, relevant information about events that may affect a security's price or investors' decisions. They must therefore be disclosed promptly so the market is equally informed.

Deadline and required contents

Material facts must be reported to OJK and announced publicly by the end of the 2nd working day after the event. The report must contain at least: the date of the event, the type of information, a description, and the impact.

Examples of material facts

Recent developments

Parts of POJK 31/2015, including Article 2, have been revoked and updated by POJK 45 of 2024 on the Development and Strengthening of Issuers and Public Companies. Issuers should therefore check the latest consolidated provisions when setting their disclosure policy.

Frequently asked questions

What is the deadline to report a material fact?

By the end of the 2nd working day after the event, both for the report to OJK and the public announcement.

Where are material facts reported?

To OJK and announced publicly, including via the company website and the Indonesia Stock Exchange disclosure channel.

Is POJK 31/2015 still in force?

Partly. Article 2 of POJK 31/2015 was revoked by POJK 45 of 2024. The concept of material facts and the disclosure obligation remain; check the latest consolidated provisions.

What is the sanction for late disclosure?

OJK may impose administrative sanctions under applicable rules. Channel readiness and approval processes therefore matter.

Official sources

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Preparing disclosure channels ready for the moment?

SAMCGI helps issuers organize the website, IR hub, and official materials so material information can be announced quickly, consistently, and be easy to cite, including by media and AI. We prepare reference readiness, not promised outcomes.

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Compiled June 2026 from official sources. Regulations may evolve; check the latest OJK/IDX/IAI provisions before making compliance decisions. This page is informational, not legal or accounting advice.