Indonesia Stock Exchange to publish share owner list after 'constructive' meeting with MSCI

JAKARTA, Feb 11 (Reuters) - The Indonesia Stock Exchange will publish a list of shareholder concentrations to ensure more market transparency, it said on Wednesday after its latest "constructive" meeting with index provider MSCI.

The Wednesday meeting followed a week of turmoil on the Jakarta stock exchange after MSCI raised concerns about transparency and share ownership, causing a frantic sell-off that slashed the market's value by $120 billion.

The exchange plans to publish the list of shareholder concentrations by end of February or early March, its director Jeffrey Hendrik said.

"As part of our commitment to improve market transparency and integrity, we will also publish a list of stocks identified as concentrated shareholders, as Hong Kong already does," Jeffrey told reporters after the meeting.

He said they discussed reform plans and the progress made in implementing new rules with MSCI, but said the specific details of the meeting were confidential, according to agreed norms.

The reform plans include the identification of shareholders with stakes of at least 1%, down from the current 5% requirement, as well as doubling the free float requirement to 15% and the publishing of more granular share ownership data.

"The timeline remains as previously addressed. The disclosure of shareholders holding more than 1% will be made at the end of February or early March," Jeffrey said.

He said the stock exchange would also submit similar reform plans to other index providers.