Description

BSE circular announcing securities subject to Short Term Additional Surveillance Measure framework effective July 29, 2025.

Summary

BSE has issued a circular regarding the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework effective July 29, 2025. The circular identifies securities newly shortlisted for ST-ASM, those continuing in the framework with stage changes, and provides a consolidated list of all securities currently under ST-ASM.

Key Points

  • 4 securities newly shortlisted for Short Term 5/15/30 Days ASM Framework
  • No securities moving to higher or lower ASM stages
  • No securities moving out of ST-ASM Framework
  • Consolidated list includes 21+ securities across various ASM stages
  • Several SME scrips included in the framework
  • Some securities marked with special notations for NSE alignment

Regulatory Changes

  • Implementation of Short Term Additional Surveillance Measure on identified securities
  • Securities subject to enhanced monitoring and potential trading restrictions
  • Framework includes different stages (I, II, III) with varying levels of surveillance
  • Special treatment for SME scrips and T+0 scrips

Compliance Requirements

  • Trading members must adhere to ST-ASM framework requirements for listed securities
  • Enhanced due diligence and monitoring for securities under surveillance
  • Compliance with specific trading parameters and restrictions as applicable
  • Regular review and assessment of securities performance under the framework

Important Dates

  • Effective Date: July 29, 2025 - ST-ASM framework implementation for newly shortlisted securities

Impact Assessment

  • Trading Impact: Securities under ST-ASM may face trading restrictions or enhanced monitoring
  • Market Participants: Investors and traders need to be aware of surveillance measures affecting these securities
  • Liquidity: Potential impact on liquidity for securities under enhanced surveillance
  • Risk Management: Enhanced risk assessment required for affected securities
  • SME Segment: Special focus on SME scrips with additional oversight measures

Impact Justification

Affects trading conditions for multiple securities through surveillance measures but represents routine regulatory oversight