Description
BSE circular detailing securities shortlisted, moved, and removed from Long Term Additional Surveillance Measure framework effective July 29, 2025.
Summary
BSE has issued updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective July 29, 2025. The circular identifies securities being newly shortlisted, moved between ASM stages, and removed from the framework.
Key Points
- 2 securities newly shortlisted for Long Term ASM: Emerald Leisures Ltd and Shetron Ltd
- 1 security (Arihant Foundations & Housing Ltd) moved directly to Stage IV ASM
- 1 security (Kreon Finnancial Services Ltd) moved out of LT-ASM due to ESM Framework inclusion
- Comprehensive consolidated list provided showing current ASM stage assignments
- Various symbols indicate reason for framework changes (*, #, $, &)
Regulatory Changes
- Implementation of enhanced surveillance measures for identified securities
- Stage-wise classification system for different levels of surveillance
- Integration with other surveillance frameworks (GSM, ESM, IBC, Trade for Trade)
Compliance Requirements
- Trading members must comply with LT-ASM trading conditions for affected securities
- Enhanced monitoring and reporting requirements for securities under surveillance
- Adherence to stage-specific restrictions and requirements
Important Dates
- Effective Date: July 29, 2025 - All LT-ASM framework changes come into effect
Impact Assessment
- Direct impact on trading conditions for affected securities
- Enhanced surveillance may affect liquidity and trading volumes
- Investors should be aware of additional compliance requirements
- Market participants need to adjust trading strategies for securities under different ASM stages
Impact Justification
Affects trading conditions for specific securities under surveillance framework