Description
BSE announces updates to Short Term Additional Surveillance Measure framework effective August 01, 2025, with securities being added, moved, and removed from various ASM stages.
Summary
BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 01, 2025. The circular includes three securities being newly shortlisted in ST-ASM Stage I, six securities moving out of the framework (some due to inclusion in other surveillance measures), and a consolidated list of all securities currently under ST-ASM with their respective stages.
Key Points
- 3 new securities added to ST-ASM Stage I framework
- 6 securities moving out of ST-ASM framework
- No securities moving between higher or lower ASM stages
- Consolidated list shows multiple securities across different ST-ASM stages
- Some securities marked with special indicators for SME scrips and T+0 scrips
Regulatory Changes
- Implementation of updated ST-ASM framework with revised security classifications
- Securities moving out due to inclusion in other surveillance frameworks (LT-ASM, ESM)
- Continued monitoring under 5/15/30 Days ASM structure
Compliance Requirements
- Trading members must comply with enhanced surveillance measures for listed securities
- Special trading conditions apply to securities under ST-ASM framework
- Monitoring of price movements and trading patterns for affected securities
Important Dates
- August 01, 2025: Effective date for all ST-ASM framework changes
Impact Assessment
- Enhanced surveillance may affect liquidity and trading volumes in affected securities
- Investors may face additional trading restrictions or margin requirements
- Securities moving out of ST-ASM may see improved trading conditions
- Market participants need to adjust their trading strategies for affected securities
Impact Justification
Affects multiple securities under surveillance measures, impacting trading conditions and investor access