Description
BSE updates on securities entering and exiting the Short Term Additional Surveillance Measure framework effective August 13, 2025.
Summary
BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework. Seven securities are being added to the ST-ASM framework while four securities are moving out, effective August 13, 2025. The circular provides consolidated lists showing current ST-ASM status and stage classifications.
Key Points
- 7 securities newly shortlisted for ST-ASM framework including SME and T+0 scrips
- 4 securities moving out of ST-ASM framework
- No securities moving to higher or lower ASM stages
- Consolidated list shows 15+ securities currently under ST-ASM with Stage I classification
- Framework includes 5/15/30 days surveillance periods
Regulatory Changes
Implementation of updated ST-ASM framework with specific inclusion and exclusion criteria. Securities moving out are transitioning to other surveillance frameworks including GSM Framework for enhanced monitoring.
Compliance Requirements
- Trading members must comply with ST-ASM trading restrictions for listed securities
- Enhanced surveillance measures apply to all transactions in shortlisted securities
- Monitoring of price movements and trading volumes for ASM securities
Important Dates
- August 13, 2025: Effective date for new ST-ASM classifications
- Changes to surveillance measures become applicable from market opening
Impact Assessment
Trading in affected securities will be subject to additional surveillance measures including enhanced monitoring of price movements and trading patterns. Securities moving out of ST-ASM may see normalized trading conditions, while newly included securities will face stricter oversight. The measure aims to curb excessive speculation and maintain market integrity.
Impact Justification
Affects trading conditions for multiple securities with enhanced surveillance measures