Description

BSE updates the list of securities under Short Term Additional Surveillance Measure framework with additions, stage changes, and removals effective August 14, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 14, 2025. The circular provides three main updates: securities newly shortlisted for ST-ASM, securities continuing in the framework with stage changes, and securities moving out of the framework.

Key Points

  • 6 securities newly added to Short Term 5/15/30 Days ASM Framework
  • 1 security moving to higher stage ASM while continuing in ST-ASM
  • 7 securities moving out of ST-ASM framework
  • Framework includes Stage I and Stage II classifications
  • Special markings for SME scrips (@) and T+0 scrips (~)
  • Some securities moving out due to inclusion in other frameworks (LT-ASM, Trade for Trade, GSM, Pledge, ESM)

Regulatory Changes

  • Enhanced surveillance measures applied to volatile securities
  • Stage-based classification system for different levels of surveillance
  • Consolidated monitoring approach across multiple surveillance frameworks

Compliance Requirements

  • Trading members must comply with ST-ASM trading restrictions for listed securities
  • Enhanced margin requirements and position limits may apply
  • Special settlement and delivery requirements for securities under surveillance
  • Continuous monitoring of price movements and trading patterns

Important Dates

  • August 14, 2025: Effective date for all ST-ASM framework changes
  • All additions, stage changes, and removals become applicable from this date

Impact Assessment

Market Impact: Medium - affects trading liquidity and volatility for specific securities under surveillance. Operational Impact: Trading restrictions may limit speculative activities and reduce excessive price volatility. Investor Impact: Enhanced protection through closer monitoring of securities with unusual price movements, though may reduce trading flexibility for affected stocks.

Impact Justification

Affects trading parameters for multiple securities through surveillance measures