Recent regulatory reforms by Indonesia's OJK, BEI, and KSEI—such as expanded high-shareholding concentration disclosures, phased free-float increases to 15%, and enhanced ownership transparency—have addressed MSCI's core concerns on market accessibility and price integrity, supporting the 73% market-implied probability against a downgrade to Frontier status by November 30. Analyst reports from mid-October 2026 project MSCI will likely extend its existing freeze on foreign inclusion factor adjustments and index inclusions in the November review, with any reclassification consultation viewed as improbable given swift policy responses and FTSE Russell's parallel decision to retain Secondary Emerging classification. Key upcoming catalysts include MSCI's late-October announcement and the November 11 Index Review, where sustained implementation consistency will shape the market-implied odds.