However, Director of Corporate Valuation at the IDX, Hoesen, stated that de-listing is the last sanction that will be taken when a company does not meet this new requirement (which will be effective from 30 January 2014). Hoesen is convinced that the new policy will not lead to voluntary de-listing or reduces companies' enthusiasm to conduct an initial public offering (IPO) on the IDX. Moreover, the IDX will give companies two years to adjust to the new regulation (up to 30 January 2016).

Hoesen refrained from telling how many listed companies do not meet this requirement of at least 7.5 percent of publicly listed shares. A few examples of Indonesian companies that fail to meet the new requirement are HM Sampoerna, XL Axiata and Holcim Indonesia.

Meanwhile, listing fees at the IDX will also be raised. Currently, a listed company is charged a fee of between IDR 5 million and 25 million per year (USD $416 to USD $2,083) to be listed on the IDX. This will be raised significantly to between IDR 50 million and IDR 250 million per year (USD $4,166 to USD $20,833). According to Ito Warsito, Director of the IDX, it is the first time since 1990 that listing fees are raised. If companies fail to pay the new fee, they may also risk de-listing.