According to CoinMeta, the Indonesian Stock Exchange announced that it will add another 300 stocks to its list of “highly concentrated shareholders,” resulting in one-third of the index constituents no longer qualifying for benchmark calculations. The exchange will abolish the previously set market capitalization threshold of 5 trillion Indonesian rupiah and introduce new criteria: if 10 or fewer shareholders hold a combined stake of 92.5% or more in a stock, it will be included in this list. In addition, the exchange will also eliminate the price impact ratio as a determining factor, which measures the extent of stock price changes relative to its trading activity. This announcement was made by the CEO of the Indonesian Stock Exchange, Hendrik, on Tuesday evening, and represents the latest measure taken by regulatory authorities to prevent MSCI from downgrading the rating of the Indonesian market. Previously, MSCI had issued a warning expressing concerns about the opaque equity structure of the Indonesian market and possible coordinated trading activities.