Description
BSE announces securities shortlisted for Short Term Additional Surveillance Measure framework effective August 4, 2025.
Summary
BSE has announced the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework with securities being added to and removed from surveillance categories effective August 4, 2025. The circular provides comprehensive lists of securities across different surveillance stages.
Key Points
- 4 securities shortlisted for Short Term 5/15/30 Days ASM Framework
- 10 securities moving out of ST-ASM Framework
- No securities moving to higher or lower ASM stages
- Consolidated list shows securities across different ST-ASM stages
- Special markings for SME scrips (@) and T+0 scrips (~)
Regulatory Changes
- Implementation of Short Term Additional Surveillance Measure framework
- Securities classification into different ASM stages (I, II, III)
- Movement criteria based on inclusion in other frameworks (LT-ASM, Trade for Trade, GSM, Pledge, ESM)
Compliance Requirements
- Securities under ST-ASM framework subject to enhanced surveillance
- Different trading restrictions based on ASM stage
- Market participants must comply with surveillance measure requirements
- Special compliance for SME and T+0 securities
Important Dates
- August 4, 2025: Effective date for ST-ASM framework changes
- Securities will be subject to new surveillance measures from this date
Impact Assessment
- Enhanced monitoring of volatile securities
- Potential impact on trading volumes for listed securities
- Increased compliance burden for market participants
- Risk mitigation through staged surveillance approach
- Special consideration for SME segment securities
Impact Justification
Surveillance measures affect trading patterns and investor behavior for listed securities