Description
BSE announces securities shortlisted for Long Term Additional Surveillance Measure framework effective August 6, 2025.
Summary
BSE has issued an update on the applicability of Long Term Additional Surveillance Measure (LT-ASM) framework, shortlisting two securities for inclusion effective August 6, 2025. The circular provides consolidated lists of securities under various ASM stages and movements between frameworks.
Key Points
- Two securities newly shortlisted for LT-ASM: Avi Products India Ltd (523896) and Mehai Technology Ltd (540730)
- No securities moving to higher or lower ASM stages
- No securities being moved out of LT-ASM framework
- Consolidated list includes 18 securities across different ASM stages
- Various framework transitions marked with special symbols for different surveillance categories
Regulatory Changes
- Implementation of LT-ASM framework for two additional securities
- Enhanced surveillance measures will apply to trading in these securities
- Securities subject to additional monitoring and reporting requirements
Compliance Requirements
- Market participants must comply with LT-ASM trading restrictions
- Enhanced due diligence required for transactions in listed securities
- Adherence to specific settlement and margin requirements for ASM securities
Important Dates
- August 6, 2025: Effective date for LT-ASM applicability to newly shortlisted securities
Impact Assessment
- Trading liquidity may be reduced for affected securities due to surveillance measures
- Investors should exercise additional caution when trading in LT-ASM securities
- Enhanced monitoring may lead to improved market integrity for these securities
- Limited immediate market impact given only two securities are newly affected
Impact Justification
Affects specific securities with enhanced surveillance measures that restrict trading activities