Description
BSE updates on securities entering, continuing, and exiting Short Term Additional Surveillance Measure framework effective August 5, 2025.
Summary
BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 5, 2025. Four securities are newly shortlisted for ST-ASM Stage I, while seven securities are moving out of the framework. The circular provides consolidated lists of all securities currently under various stages of ST-ASM.
Key Points
- 4 securities newly shortlisted in ST-ASM Stage I framework
- 7 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
- Framework includes both regular and SME scrips
Regulatory Changes
- Implementation of updated ST-ASM framework from August 5, 2025
- Enhanced surveillance measures for volatile securities
- Automatic movement of securities based on trading patterns
Compliance Requirements
- Trading members must comply with ST-ASM trading restrictions
- Enhanced margin requirements for securities under ST-ASM
- Adherence to position limits and delivery requirements
Important Dates
- Effective Date: August 5, 2025 - New ST-ASM framework implementation
Impact Assessment
Market Impact: Medium - affects trading liquidity and costs for listed securities. Operational Impact: Traders and brokers must adjust strategies for securities entering or exiting surveillance framework. Securities moving out may experience increased trading activity due to relaxed restrictions.
Impact Justification
Affects trading parameters for multiple securities but is routine surveillance measure update