Description
BSE updates Long Term ASM framework with securities moving in, out, and between stages effective August 18, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 18, 2025. The circular details securities being newly shortlisted, moved between ASM stages, and removed from the framework.
Key Points
- 4 securities newly shortlisted in Long Term ASM Framework
- 3 securities moved to lower ASM Stage II from higher stages
- 3 securities moving out of Long Term ASM Framework
- No securities moved to higher ASM stages
- No securities directly placed in Stage IV Long Term ASM
Regulatory Changes
- Implementation of revised Long Term ASM classifications
- Updated stage assignments for existing ASM securities
- Securities marked with special indicators for T+0 scrips and other frameworks
Compliance Requirements
- Market participants must note new ASM stage classifications
- Trading in affected securities subject to ASM requirements
- Brokers and investors to comply with applicable surveillance measures
Important Dates
- Effective Date: August 18, 2025
Impact Assessment
The changes affect trading parameters and surveillance measures for the listed securities. Securities moving out of LT-ASM will have reduced restrictions, while newly included securities will face enhanced surveillance. The moves to lower ASM stages indicate improved market behavior for those securities.
Impact Justification
Affects trading parameters for multiple securities under surveillance framework