Description
BSE updates Long Term Additional Surveillance Measure framework with 3 securities shortlisted and consolidated list of securities under various ASM stages.
Summary
BSE has issued an update on the Long Term Additional Surveillance Measure (LT-ASM) framework effective July 30, 2025. Three securities have been newly shortlisted under the LT-ASM framework: Gujarat Hy-Spin Ltd, Sterlite Technologies Ltd, and Times Guaranty Ltd. No securities are moving between ASM stages or exiting the framework.
Key Points
- 3 securities newly shortlisted in Long Term ASM Framework
- No securities moving to higher or lower ASM stages
- No securities moving out of LT-ASM Framework
- Consolidated list shows securities across different ASM stages (I, II, III, IV)
- Framework includes provisions for securities under various other frameworks (Trade for Trade, GSM, ESM, IBC)
Regulatory Changes
The LT-ASM framework continues with standard surveillance measures. Securities under this framework are subject to additional monitoring and trading restrictions to ensure market stability and investor protection.
Compliance Requirements
- Trading members must comply with surveillance measures for listed securities
- Enhanced monitoring requirements for securities under LT-ASM
- Adherence to stage-specific trading restrictions
Important Dates
- Effective Date: July 30, 2025 - New LT-ASM classifications take effect
Impact Assessment
The addition of three securities to the LT-ASM framework will result in enhanced surveillance and potential trading restrictions for these stocks. This is a routine regulatory measure designed to protect investor interests and maintain market integrity. The impact is limited to the specific securities mentioned and their trading patterns.
Impact Justification
Routine surveillance measure update affecting specific securities with trading restrictions