Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision of the Financial Services Authority, Hasan Fawzi (C) provides a press statement regarding Indonesia's capital market transparency reforms at the Indonesia Stock Exchange building in Jakarta on April 2, 2026, in response to global index MSCI complaints regarding the lack of transparency in share ownership structures above 15 and the low number of shares actually circulating in the public in Indonesia. (Photo by BAY ISMOYO / AFP via Getty Images)